WallStSmart

Fortinet Inc (FTNT)vsWisekey International Holding AG (WKEY)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Fortinet Inc generates 36758% more annual revenue ($7.11B vs $19.29M). FTNT leads profitability with a 27.5% profit margin vs -31.5%. 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

WKEY

Avoid

31

out of 100

Grade: F

Growth: 5.3Profit: 2.0Value: 4.0Quality: 9.0
Piotroski: 4/9Altman Z: 5.13
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
WKEYSignificantly Overvalued (-52.9%)

Margin of Safety

-52.9%

Fair Value

$4.61

Current Price

$8.87

$4.26 premium

UndervaluedFair: $4.61Overvalued

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

WKEY4 strengths · Avg: 9.8/10
Price/BookValuation
1.2x10/10

Reasonable price relative to book value

Revenue GrowthGrowth
108.9%10/10

Revenue surging 108.9% year-over-year

Altman Z-ScoreHealth
5.1310/10

Safe zone — low bankruptcy risk

Debt/EquityHealth
0.219/10

Conservative balance sheet, low leverage

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

WKEY4 concerns · Avg: 2.8/10
EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Market CapQuality
$85.79M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
-62.7%2/10

ROE of -62.7% — below average capital efficiency

Free Cash FlowQuality
$-17.79M2/10

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 : WKEY

The strongest argument for WKEY centers on Price/Book, Revenue Growth, Altman Z-Score. Revenue growth of 108.9% 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 : WKEY

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

Key Dynamics to Monitor

FTNT profiles as a growth stock while WKEY is a hypergrowth play — different risk/reward profiles.

FTNT carries more volatility with a beta of 0.92 — expect wider price swings.

WKEY is growing revenue faster at 108.9% — sustainability is the question.

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

Bottom Line

FTNT scores higher overall (67/100 vs 31/100), backed by strong 27.5% margins and 20.1% revenue growth. 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.

Wisekey International Holding AG

TECHNOLOGY · SEMICONDUCTORS · USA

WISeKey International Holding AG, a cybersecurity company, offers integrated security solutions for the Internet of Things (IoT) and digital identity ecosystems in Switzerland, the rest of Europe, the Middle East, Africa, North America, Asia Pacific and Latin America. The company is headquartered in Zug, Switzerland.

Want to dig deeper into these stocks?