WallStSmart

Fortinet Inc (FTNT)vsVicor Corporation (VICR)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Fortinet Inc generates 1566% more annual revenue ($7.11B vs $426.70M). VICR leads profitability with a 32.0% profit margin vs 27.5%. FTNT trades at a lower P/E of 57.7x. FTNT earns a higher WallStSmart Score of 67/100 (B-).

FTNT

Strong Buy

67

out of 100

Grade: B-

Growth: 8.0Profit: 9.5Value: 4.7Quality: 5.5
Piotroski: 5/9Altman Z: 1.50

VICR

Buy

59

out of 100

Grade: C

Growth: 7.3Profit: 7.5Value: 4.0Quality: 9.0
Piotroski: 5/9Altman Z: 8.23
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

FTNTUndervalued (+45.4%)

Margin of Safety

+45.4%

Fair Value

$265.15

Current Price

$149.67

$115.48 discount

UndervaluedFair: $265.15Overvalued

Intrinsic value data unavailable for VICR.

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

FTNT6 strengths · Avg: 9.0/10
Return on EquityProfitability
197.5%10/10

Every $100 of equity generates 197 in profit

Operating MarginProfitability
31.3%10/10

Strong operational efficiency at 31.3%

Market CapQuality
$109.06B9/10

Large-cap with strong market position

Profit MarginProfitability
27.5%9/10

Keeps 28 of every $100 in revenue as profit

Revenue GrowthGrowth
20.1%8/10

Revenue surging 20.1% year-over-year

EPS GrowthGrowth
28.6%8/10

Earnings expanding 28.6% YoY

VICR5 strengths · Avg: 9.6/10
Profit MarginProfitability
32.0%10/10

Keeps 32 of every $100 in revenue as profit

EPS GrowthGrowth
701.0%10/10

Earnings expanding 701.0% YoY

Debt/EquityHealth
0.0110/10

Conservative balance sheet, low leverage

Altman Z-ScoreHealth
8.2310/10

Safe zone — low bankruptcy risk

Revenue GrowthGrowth
20.2%8/10

Revenue surging 20.2% year-over-year

Areas to Watch

FTNT4 concerns · Avg: 2.5/10
Altman Z-ScoreHealth
1.504/10

Distress zone — elevated risk

PEG RatioValuation
3.322/10

Expensive relative to growth rate

P/E RatioValuation
57.7x2/10

Premium valuation, high expectations priced in

Price/BookValuation
110.9x2/10

Trading at 110.9x book value

VICR3 concerns · Avg: 2.7/10
Price/BookValuation
17.2x4/10

Trading at 17.2x book value

P/E RatioValuation
101.9x2/10

Premium valuation, high expectations priced in

Free Cash FlowQuality
$-16.33M2/10

Negative free cash flow — burning cash

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 27.5% and operating margin at 31.3%. Revenue growth of 20.1% demonstrates continued momentum.

Bull Case : VICR

The strongest argument for VICR centers on Profit Margin, EPS Growth, Debt/Equity. Profitability is solid with margins at 32.0% and operating margin at 14.9%. Revenue growth of 20.2% demonstrates continued momentum.

Bear Case : FTNT

The primary concerns for FTNT are Altman Z-Score, PEG Ratio, P/E Ratio. A P/E of 57.7x leaves little room for execution misses.

Bear Case : VICR

The primary concerns for VICR are Price/Book, P/E Ratio, Free Cash Flow. A P/E of 101.9x leaves little room for execution misses.

Key Dynamics to Monitor

VICR carries more volatility with a beta of 2.36 — expect wider price swings.

VICR is growing revenue faster at 20.2% — sustainability is the question.

FTNT generates stronger free cash flow (1.0B), providing more financial flexibility.

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

Bottom Line

FTNT scores higher overall (67/100 vs 59/100), backed by strong 27.5% margins and 20.1% 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.

Vicor Corporation

TECHNOLOGY · ELECTRONIC COMPONENTS · USA

Vicor Corporation designs, develops, manufactures, and markets modular power components and power systems to convert electrical power in the United States, Europe, Asia Pacific, and internationally. The company is headquartered in Andover, Massachusetts.

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