WallStSmart

Fortinet Inc (FTNT)vsOuster, Inc. Common Stock (OUST)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Fortinet Inc generates 3574% more annual revenue ($7.53B vs $204.91M). FTNT leads profitability with a 28.2% profit margin vs -26.0%. FTNT earns a higher WallStSmart Score of 73/100 (B).

FTNT

Strong Buy

73

out of 100

Grade: B

Growth: 8.7Profit: 9.5Value: 5.3Quality: 6.0
Piotroski: 5/9Altman Z: 1.50

OUST

Avoid

28

out of 100

Grade: F

Growth: 8.0Profit: 2.0Value: 6.0Quality: 7.0
Piotroski: 5/9Altman Z: -1.51
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

FTNTUndervalued (+37.4%)

Margin of Safety

+37.4%

Fair Value

$275.55

Current Price

$169.84

$105.71 discount

UndervaluedFair: $275.55Overvalued
OUSTUndervalued (+24.3%)

Margin of Safety

+24.3%

Fair Value

$24.94

Current Price

$35.05

$10.11 discount

UndervaluedFair: $24.94Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

FTNT6 strengths · Avg: 9.0/10
Return on EquityProfitability
136.7%10/10

Every $100 of equity generates 137 in profit

Operating MarginProfitability
33.6%10/10

Strong operational efficiency at 33.6%

Market CapQuality
$114.51B9/10

Large-cap with strong market position

Profit MarginProfitability
28.2%9/10

Keeps 28 of every $100 in revenue as profit

Revenue GrowthGrowth
25.6%8/10

Revenue surging 25.6% year-over-year

EPS GrowthGrowth
43.9%8/10

Earnings expanding 43.9% YoY

OUST2 strengths · Avg: 10.0/10
Revenue GrowthGrowth
55.9%10/10

Revenue surging 55.9% year-over-year

Debt/EquityHealth
0.0410/10

Conservative balance sheet, low leverage

Areas to Watch

FTNT4 concerns · Avg: 3.0/10
PEG RatioValuation
1.744/10

Expensive relative to growth rate

Altman Z-ScoreHealth
1.504/10

Distress zone — elevated risk

P/E RatioValuation
56.1x2/10

Premium valuation, high expectations priced in

Price/BookValuation
80.5x2/10

Trading at 80.5x book value

OUST4 concerns · Avg: 2.5/10
EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Return on EquityProfitability
-20.3%2/10

ROE of -20.3% — below average capital efficiency

Free Cash FlowQuality
$-15.41M2/10

Negative free cash flow — burning cash

Altman Z-ScoreHealth
-1.512/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : FTNT

The strongest argument for FTNT centers on Return on Equity, Operating Margin, Market Cap. Profitability is solid with margins at 28.2% and operating margin at 33.6%. Revenue growth of 25.6% demonstrates continued momentum.

Bull Case : OUST

The strongest argument for OUST centers on Revenue Growth, Debt/Equity. Revenue growth of 55.9% demonstrates continued momentum.

Bear Case : FTNT

The primary concerns for FTNT are PEG Ratio, Altman Z-Score, P/E Ratio. A P/E of 56.1x leaves little room for execution misses.

Bear Case : OUST

The primary concerns for OUST are EPS Growth, Return on Equity, Free Cash Flow.

Key Dynamics to Monitor

FTNT profiles as a growth stock while OUST is a hypergrowth play — different risk/reward profiles.

OUST carries more volatility with a beta of 3.25 — expect wider price swings.

OUST is growing revenue faster at 55.9% — sustainability is the question.

FTNT generates stronger free cash flow (966M), providing more financial flexibility.

Bottom Line

FTNT scores higher overall (73/100 vs 28/100), backed by strong 28.2% margins and 25.6% revenue growth. OUST offers better value entry with a 24.3% margin of safety. Both earn "Strong Buy" and "Avoid" 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.

Ouster, Inc. Common Stock

TECHNOLOGY · ELECTRONIC COMPONENTS · USA

Ouster, Inc. designs and manufactures digital lidar sensors for the industrial automation, intelligent infrastructure, robotics and automotive markets. The company is headquartered in San Francisco, California.

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