WallStSmart

Fortinet Inc (FTNT)vsRiskified Ltd (RSKD)

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Smart Verdict

WallStSmart Research — data-driven comparison

Fortinet Inc generates 1945% more annual revenue ($7.53B vs $368.15M). FTNT leads profitability with a 28.2% profit margin vs -4.2%. 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

RSKD

Avoid

32

out of 100

Grade: F

Growth: 6.0Profit: 2.0Value: 6.7Quality: 7.5
Piotroski: 4/9Altman Z: 1.41
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

FTNTUndervalued (+35.2%)

Margin of Safety

+35.2%

Fair Value

$275.55

Current Price

$173.46

$102.09 discount

UndervaluedFair: $275.55Overvalued
RSKDUndervalued (+56.2%)

Margin of Safety

+56.2%

Fair Value

$10.04

Current Price

$7.78

$2.26 discount

UndervaluedFair: $10.04Overvalued

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
$131.14B9/10

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

RSKD2 strengths · Avg: 8.5/10
Debt/EquityHealth
0.119/10

Conservative balance sheet, low leverage

Revenue GrowthGrowth
21.8%8/10

Revenue surging 21.8% year-over-year

Areas to Watch

FTNT4 concerns · Avg: 3.0/10
PEG RatioValuation
1.924/10

Expensive relative to growth rate

Altman Z-ScoreHealth
1.504/10

Distress zone — elevated risk

P/E RatioValuation
61.6x2/10

Premium valuation, high expectations priced in

Price/BookValuation
82.2x2/10

Trading at 82.2x book value

RSKD4 concerns · Avg: 2.8/10
EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Market CapQuality
$819.95M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
-7.5%2/10

ROE of -7.5% — below average capital efficiency

Altman Z-ScoreHealth
1.412/10

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 : RSKD

The strongest argument for RSKD centers on Debt/Equity, Revenue Growth. Revenue growth of 21.8% demonstrates continued momentum.

Bear Case : FTNT

The primary concerns for FTNT are PEG Ratio, Altman Z-Score, P/E Ratio. A P/E of 61.6x leaves little room for execution misses.

Bear Case : RSKD

The primary concerns for RSKD are EPS Growth, Market Cap, Return on Equity.

Key Dynamics to Monitor

RSKD carries more volatility with a beta of 1.38 — 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 32/100), backed by strong 28.2% margins and 25.6% revenue growth. RSKD offers better value entry with a 56.2% 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.

Riskified Ltd

TECHNOLOGY · SOFTWARE - APPLICATION · USA

Riskified Ltd. is a leading player in the fraud prevention industry, specializing in advanced machine learning and data analytics solutions designed for eCommerce merchants. By improving transaction approval rates and reducing fraud-related losses, the company helps safeguard merchant revenues while enhancing customer experiences. With a strong foothold in the rapidly evolving digital payments sector, Riskified is well-positioned for sustained growth and innovation, continually leveraging its technological expertise to strengthen its competitive advantage in the dynamic eCommerce landscape.

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