Fortinet Inc (FTNT)vsTD SYNNEX Corporation (SNX)
FTNT
Fortinet Inc
$118.84
-3.00%
TECHNOLOGY · Cap: $99.98B
SNX
TD SYNNEX Corporation
$218.73
+1.56%
TECHNOLOGY · Cap: $20.48B
Smart Verdict
WallStSmart Research — data-driven comparison
TD SYNNEX Corporation generates 860% more annual revenue ($75.67B vs $7.88B). FTNT leads profitability with a 29.0% profit margin vs 1.8%. SNX appears more attractively valued with a PEG of 0.50. FTNT earns a higher WallStSmart Score of 75/100 (B+).
FTNT
Strong Buy75
out of 100
Grade: B+
SNX
Strong Buy72
out of 100
Grade: B
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
+52.5%
Fair Value
$286.50
Current Price
$118.84
$167.66 discount
Margin of Safety
+40.4%
Fair Value
$285.02
Current Price
$218.73
$66.29 discount
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Every $100 of equity generates 137 in profit
Strong operational efficiency at 33.8%
Large-cap with strong market position
Keeps 29 of every $100 in revenue as profit
Revenue surging 20.5% year-over-year
Earnings expanding 38.7% YoY
Growing faster than its price suggests
Revenue surging 37.7% year-over-year
Earnings expanding 88.9% YoY
Attractively priced relative to earnings
Reasonable price relative to book value
Areas to Watch
Distress zone — elevated risk
Premium valuation, high expectations priced in
Trading at 38.8x book value
1.8% margin — thin
Operating margin of 3.0%
Negative free cash flow — burning cash
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 29.0% and operating margin at 33.8%. Revenue growth of 20.5% demonstrates continued momentum.
Bull Case : SNX
The strongest argument for SNX centers on PEG Ratio, Revenue Growth, EPS Growth. Revenue growth of 37.7% demonstrates continued momentum. PEG of 0.50 suggests the stock is reasonably priced for its growth.
Bear Case : FTNT
The primary concerns for FTNT are Altman Z-Score, P/E Ratio, Price/Book. A P/E of 44.5x leaves little room for execution misses.
Bear Case : SNX
The primary concerns for SNX are Profit Margin, Operating Margin, Free Cash Flow. Thin 1.8% margins leave little buffer for downturns.
Key Dynamics to Monitor
FTNT profiles as a growth stock while SNX is a hypergrowth play — different risk/reward profiles.
SNX carries more volatility with a beta of 1.37 — expect wider price swings.
SNX is growing revenue faster at 37.7% — sustainability is the question.
FTNT generates stronger free cash flow (966M), providing more financial flexibility.
Bottom Line
FTNT scores higher overall (75/100 vs 72/100), backed by strong 29.0% margins and 20.5% revenue growth. SNX offers better value entry with a 40.4% margin of safety. Both earn "Strong Buy" and "Strong 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.
TD SYNNEX Corporation
TECHNOLOGY · ELECTRONICS & COMPUTER DISTRIBUTION · USA
SYNNEX Corporation provides business process services in the United States and internationally. The company is headquartered in Fremont, California.
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