WallStSmart

Fortinet Inc (FTNT)vsWestern Digital Corporation (WDC)

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Smart Verdict

WallStSmart Research — data-driven comparison

Western Digital Corporation generates 84% more annual revenue ($14.48B vs $7.88B). WDC leads profitability with a 69.2% profit margin vs 29.0%. WDC appears more attractively valued with a PEG of 0.53. WDC earns a higher WallStSmart Score of 79/100 (B+).

FTNT

Strong Buy

75

out of 100

Grade: B+

Growth: 8.7Profit: 10.0Value: 6.7Quality: 6.0
Piotroski: 5/9Altman Z: 1.50

WDC

Strong Buy

79

out of 100

Grade: B+

Growth: 10.0Profit: 10.0Value: 7.0Quality: 7.5
Piotroski: 5/9Altman Z: 5.49
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

FTNTUndervalued (+52.5%)

Margin of Safety

+52.5%

Fair Value

$286.50

Current Price

$129.39

$157.11 discount

UndervaluedFair: $286.50Overvalued

Intrinsic value data unavailable for WDC.

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
33.8%10/10

Strong operational efficiency at 33.8%

Market CapQuality
$99.98B9/10

Large-cap with strong market position

Profit MarginProfitability
29.0%9/10

Keeps 29 of every $100 in revenue as profit

Revenue GrowthGrowth
20.5%8/10

Revenue surging 20.5% year-over-year

EPS GrowthGrowth
38.7%8/10

Earnings expanding 38.7% YoY

WDC6 strengths · Avg: 10.0/10
Return on EquityProfitability
106.3%10/10

Every $100 of equity generates 106 in profit

Profit MarginProfitability
69.2%10/10

Keeps 69 of every $100 in revenue as profit

Operating MarginProfitability
47.7%10/10

Strong operational efficiency at 47.7%

Revenue GrowthGrowth
55.5%10/10

Revenue surging 55.5% year-over-year

EPS GrowthGrowth
50.9%10/10

Earnings expanding 50.9% YoY

Debt/EquityHealth
0.0810/10

Conservative balance sheet, low leverage

Areas to Watch

FTNT3 concerns · Avg: 2.7/10
Altman Z-ScoreHealth
1.504/10

Distress zone — elevated risk

P/E RatioValuation
44.5x2/10

Premium valuation, high expectations priced in

Price/BookValuation
42.3x2/10

Trading at 42.3x book value

WDC1 concerns · Avg: 4.0/10
Price/BookValuation
13.0x4/10

Trading at 13.0x book value

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 29.0% and operating margin at 33.8%. Revenue growth of 20.5% demonstrates continued momentum.

Bull Case : WDC

The strongest argument for WDC centers on Return on Equity, Profit Margin, Operating Margin. Profitability is solid with margins at 69.2% and operating margin at 47.7%. Revenue growth of 55.5% demonstrates continued momentum.

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 : WDC

The primary concerns for WDC are Price/Book.

Key Dynamics to Monitor

WDC carries more volatility with a beta of 2.17 — expect wider price swings.

WDC is growing revenue faster at 55.5% — sustainability is the question.

WDC generates stronger free cash flow (1.4B), providing more financial flexibility.

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

Bottom Line

WDC scores higher overall (79/100 vs 75/100), backed by strong 69.2% margins and 55.5% revenue growth. FTNT offers better value entry with a 52.5% 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.

Western Digital Corporation

TECHNOLOGY · COMPUTER HARDWARE · USA

Western Digital Corporation (WDC, commonly known as Western Digital or WD) is an American computer hard disk drive manufacturer and data storage company, headquartered in San Jose, California. It designs, manufactures and sells data technology products, including storage devices, data center systems and cloud storage services.

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