WallStSmart

Fortinet Inc (FTNT)vsRed Violet Inc (RDVT)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Fortinet Inc generates 7502% more annual revenue ($7.53B vs $99.02M). FTNT leads profitability with a 28.2% profit margin vs 16.5%. FTNT trades at a lower P/E of 56.1x. 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

RDVT

Buy

56

out of 100

Grade: C

Growth: 8.7Profit: 7.5Value: 3.0Quality: 9.0
Piotroski: 5/9Altman Z: 7.37
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

FTNTUndervalued (+43.5%)

Margin of Safety

+43.5%

Fair Value

$276.16

Current Price

$156.07

$120.09 discount

UndervaluedFair: $276.16Overvalued
RDVTSignificantly Overvalued (-18.4%)

Margin of Safety

-18.4%

Fair Value

$34.73

Current Price

$75.02

$40.29 premium

UndervaluedFair: $34.73Overvalued

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

RDVT5 strengths · Avg: 9.2/10
EPS GrowthGrowth
88.9%10/10

Earnings expanding 88.9% YoY

Debt/EquityHealth
0.0210/10

Conservative balance sheet, low leverage

Altman Z-ScoreHealth
7.3710/10

Safe zone — low bankruptcy risk

Operating MarginProfitability
23.0%8/10

Strong operational efficiency at 23.0%

Revenue GrowthGrowth
22.7%8/10

Revenue surging 22.7% year-over-year

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
74.0x2/10

Trading at 74.0x book value

RDVT3 concerns · Avg: 3.0/10
Price/BookValuation
10.1x4/10

Trading at 10.1x book value

Market CapQuality
$1.23B3/10

Smaller company, higher risk/reward

P/E RatioValuation
62.6x2/10

Premium valuation, high expectations priced in

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 : RDVT

The strongest argument for RDVT centers on EPS Growth, Debt/Equity, Altman Z-Score. Profitability is solid with margins at 16.5% and operating margin at 23.0%. Revenue growth of 22.7% 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 : RDVT

The primary concerns for RDVT are Price/Book, Market Cap, P/E Ratio. A P/E of 62.6x leaves little room for execution misses.

Key Dynamics to Monitor

RDVT carries more volatility with a beta of 1.80 — expect wider price swings.

FTNT is growing revenue faster at 25.6% — sustainability is the question.

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

Monitor SOFTWARE - INFRASTRUCTURE industry trends, competitive dynamics, and regulatory changes.

Bottom Line

FTNT scores higher overall (73/100 vs 56/100), backed by strong 28.2% margins and 25.6% revenue growth. 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.

Red Violet Inc

TECHNOLOGY · SOFTWARE - APPLICATION · USA

Red Violet, Inc., a software and services company, specializes in proprietary technologies and applies analytical capabilities to deliver identity intelligence in the United States. The company is headquartered in Boca Raton, Florida.

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