Fortinet Inc (FTNT)vsOkta Inc (OKTA)
FTNT
Fortinet Inc
$149.67
+0.85%
TECHNOLOGY · Cap: $109.06B
OKTA
Okta Inc
$118.72
-3.85%
TECHNOLOGY · Cap: $20.39B
Smart Verdict
WallStSmart Research — data-driven comparison
Fortinet Inc generates 137% more annual revenue ($7.11B vs $3.00B). FTNT leads profitability with a 27.5% profit margin vs 8.2%. OKTA appears more attractively valued with a PEG of 1.10. FTNT earns a higher WallStSmart Score of 67/100 (B-).
FTNT
Strong Buy67
out of 100
Grade: B-
OKTA
Buy56
out of 100
Grade: C
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
+45.4%
Fair Value
$265.15
Current Price
$149.67
$115.48 discount
Margin of Safety
+52.9%
Fair Value
$187.20
Current Price
$118.72
$68.48 discount
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Every $100 of equity generates 197 in profit
Strong operational efficiency at 31.3%
Large-cap with strong market position
Keeps 28 of every $100 in revenue as profit
Revenue surging 20.1% year-over-year
Earnings expanding 28.6% YoY
Conservative balance sheet, low leverage
Earnings expanding 21.2% YoY
Areas to Watch
Distress zone — elevated risk
Expensive relative to growth rate
Premium valuation, high expectations priced in
Trading at 110.9x book value
Distress zone — elevated risk
ROE of 3.6% — below average capital efficiency
Premium valuation, high expectations priced in
Comparative Analysis Report
WallStSmart ResearchBull Case : FTNT
The strongest argument for FTNT centers on Return on Equity, Operating Margin, Market Cap. Profitability is solid with margins at 27.5% and operating margin at 31.3%. Revenue growth of 20.1% demonstrates continued momentum.
Bull Case : OKTA
The strongest argument for OKTA centers on Debt/Equity, EPS Growth. Revenue growth of 11.2% demonstrates continued momentum. PEG of 1.10 suggests the stock is reasonably priced for its growth.
Bear Case : FTNT
The primary concerns for FTNT are Altman Z-Score, PEG Ratio, P/E Ratio. A P/E of 57.7x leaves little room for execution misses.
Bear Case : OKTA
The primary concerns for OKTA are Altman Z-Score, Return on Equity, P/E Ratio. A P/E of 84.3x leaves little room for execution misses.
Key Dynamics to Monitor
FTNT profiles as a growth stock while OKTA is a value play — different risk/reward profiles.
FTNT carries more volatility with a beta of 0.92 — expect wider price swings.
FTNT is growing revenue faster at 20.1% — sustainability is the question.
FTNT generates stronger free cash flow (1.0B), providing more financial flexibility.
Bottom Line
FTNT scores higher overall (67/100 vs 56/100), backed by strong 27.5% margins and 20.1% revenue growth. OKTA offers better value entry with a 52.9% margin of safety. Both earn "Strong Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.
This analysis is generated from publicly available financial data. Not financial advice.
Fortinet Inc
TECHNOLOGY · SOFTWARE - INFRASTRUCTURE · USA
Fortinet (Nasdaq: FTNT) is an American multinational corporation headquartered in Sunnyvale, California. It develops and sells cybersecurity solutions, including but not limited to physical products such as firewalls, plus software and services such as anti-virus protection, intrusion prevention systems and endpoint security components.
Okta Inc
TECHNOLOGY · SOFTWARE - INFRASTRUCTURE · USA
Okta Inc. is a leading provider in the identity and access management sector, specializing in advanced authentication solutions that bolster both digital security and user experience for enterprises. Its extensive offerings, which include single sign-on, multi-factor authentication, and identity lifecycle management, enable organizations to effectively manage user identities across complex hybrid IT environments. Renowned for its innovation and commitment to exceptional customer service, Okta is strategically positioned for sustained growth in the expanding cybersecurity landscape, making it an essential partner for businesses undertaking digital transformation initiatives.
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