WallStSmart

Fortinet Inc (FTNT)vsPhunware Inc (PHUN)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Fortinet Inc generates 273524% more annual revenue ($7.53B vs $2.75M). FTNT leads profitability with a 28.2% profit margin vs 0.0%. 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

PHUN

Avoid

34

out of 100

Grade: F

Growth: 5.3Profit: 2.5Value: 5.0Quality: 6.5
Piotroski: 2/9Altman Z: -0.74
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

Intrinsic value data unavailable for PHUN.

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

PHUN3 strengths · Avg: 10.0/10
Price/BookValuation
0.5x10/10

Reasonable price relative to book value

Revenue GrowthGrowth
75.6%10/10

Revenue surging 75.6% year-over-year

Debt/EquityHealth
0.0110/10

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

PHUN4 concerns · Avg: 3.3/10
EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Market CapQuality
$40.72M3/10

Smaller company, higher risk/reward

Profit MarginProfitability
0.0%3/10

0.0% margin — thin

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

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 : PHUN

The strongest argument for PHUN centers on Price/Book, Revenue Growth, Debt/Equity. Revenue growth of 75.6% 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 : PHUN

The primary concerns for PHUN are EPS Growth, Market Cap, Profit Margin.

Key Dynamics to Monitor

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

PHUN carries more volatility with a beta of 2.64 — expect wider price swings.

PHUN is growing revenue faster at 75.6% — sustainability is the question.

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

Bottom Line

FTNT scores higher overall (73/100 vs 34/100), backed by strong 28.2% margins and 25.6% revenue growth. 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.

Phunware Inc

TECHNOLOGY · SOFTWARE - APPLICATION · USA

Phunware, Inc. provides an integrated software platform that equips companies with the products, solutions and services to engage, manage and monetize their mobile application portfolios globally. The company is headquartered in Austin, Texas.

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