Backblaze Inc (BLZE)vsFortinet Inc (FTNT)
BLZE
Backblaze Inc
$8.79
-0.45%
TECHNOLOGY · Cap: $469.82M
FTNT
Fortinet Inc
$129.54
+1.12%
TECHNOLOGY · Cap: $99.98B
Smart Verdict
WallStSmart Research — data-driven comparison
Fortinet Inc generates 4942% more annual revenue ($7.88B vs $156.30M). FTNT leads profitability with a 29.0% profit margin vs -13.1%. FTNT earns a higher WallStSmart Score of 75/100 (B+).
BLZE
Avoid28
out of 100
Grade: F
FTNT
Strong Buy75
out of 100
Grade: B+
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Intrinsic value data unavailable for BLZE.
Margin of Safety
+58.4%
Fair Value
$285.80
Current Price
$129.54
$156.26 discount
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
17.7% revenue growth
Every $100 of equity generates 102 in profit
Strong operational efficiency at 33.8%
Large-cap with strong market position
Keeps 29 of every $100 in revenue as profit
Conservative balance sheet, low leverage
Revenue surging 20.5% year-over-year
Areas to Watch
0.0% earnings growth
Smaller company, higher risk/reward
ROE of -23.4% — below average capital efficiency
Distress zone — elevated risk
Distress zone — elevated risk
Premium valuation, high expectations priced in
Trading at 42.3x book value
Comparative Analysis Report
WallStSmart ResearchBull Case : BLZE
The strongest argument for BLZE centers on Revenue Growth. Revenue growth of 17.7% demonstrates continued momentum.
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.
Bear Case : BLZE
The primary concerns for BLZE are EPS Growth, Market Cap, Return on Equity. Debt-to-equity of 3.53 is elevated, increasing financial risk.
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.
Key Dynamics to Monitor
BLZE carries more volatility with a beta of 1.57 — expect wider price swings.
FTNT is growing revenue faster at 20.5% — sustainability is the question.
FTNT generates stronger free cash flow (882M), providing more financial flexibility.
Monitor SOFTWARE - INFRASTRUCTURE industry trends, competitive dynamics, and regulatory changes.
Bottom Line
FTNT scores higher overall (75/100 vs 28/100), backed by strong 29.0% margins and 20.5% 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.
Backblaze Inc
TECHNOLOGY · SOFTWARE - INFRASTRUCTURE · USA
Backblaze, Inc., a cloud storage platform, provides businesses and consumers with solutions to store, use, and protect data globally. The company is headquartered in San Mateo, California.
Visit Website →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.
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