Fortinet Inc (FTNT)vsTenable Holdings Inc (TENB)
FTNT
Fortinet Inc
$156.07
-1.75%
TECHNOLOGY · Cap: $114.51B
TENB
Tenable Holdings Inc
$30.11
-5.99%
TECHNOLOGY · Cap: $4.15B
Smart Verdict
WallStSmart Research — data-driven comparison
Fortinet Inc generates 621% more annual revenue ($7.53B vs $1.04B). FTNT leads profitability with a 28.2% profit margin vs 0.7%. TENB appears more attractively valued with a PEG of 1.28. FTNT earns a higher WallStSmart Score of 73/100 (B).
FTNT
Strong Buy73
out of 100
Grade: B
TENB
Hold41
out of 100
Grade: D
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
+43.5%
Fair Value
$276.16
Current Price
$156.07
$120.09 discount
Margin of Safety
+55.6%
Fair Value
$50.74
Current Price
$30.11
$20.63 discount
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Every $100 of equity generates 137 in profit
Strong operational efficiency at 33.6%
Large-cap with strong market position
Keeps 28 of every $100 in revenue as profit
Revenue surging 25.6% year-over-year
Earnings expanding 43.9% YoY
No standout strengths identified
Areas to Watch
Expensive relative to growth rate
Distress zone — elevated risk
Premium valuation, high expectations priced in
Trading at 74.0x book value
Trading at 16.7x book value
0.0% earnings growth
0.7% margin — thin
Operating margin of 4.8%
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 28.2% and operating margin at 33.6%. Revenue growth of 25.6% demonstrates continued momentum.
Bull Case : TENB
PEG of 1.28 suggests the stock is reasonably priced for its growth.
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 : TENB
The primary concerns for TENB are Price/Book, EPS Growth, Profit Margin. A P/E of 627.0x leaves little room for execution misses. Debt-to-equity of 2.12 is elevated, increasing financial risk.
Key Dynamics to Monitor
FTNT profiles as a growth stock while TENB is a value play — different risk/reward profiles.
FTNT carries more volatility with a beta of 1.06 — 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.
Bottom Line
FTNT scores higher overall (73/100 vs 41/100), backed by strong 28.2% margins and 25.6% revenue growth. TENB offers better value entry with a 55.6% margin of safety. Both earn "Strong Buy" and "Hold" 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.
Tenable Holdings Inc
TECHNOLOGY · SOFTWARE - INFRASTRUCTURE · USA
Tenable Holdings, Inc. offers cyber exposure solutions in the Americas, Europe, the Middle East, Africa, Asia Pacific, and Japan. The company is headquartered in Columbia, Maryland.
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