Dropbox Inc (DBX)vsFortinet Inc (FTNT)
DBX
Dropbox Inc
$33.90
-5.86%
TECHNOLOGY · Cap: $7.83B
FTNT
Fortinet Inc
$174.26
-0.55%
TECHNOLOGY · Cap: $114.51B
Smart Verdict
WallStSmart Research — data-driven comparison
Fortinet Inc generates 197% more annual revenue ($7.53B vs $2.53B). FTNT leads profitability with a 28.2% profit margin vs 17.5%. FTNT appears more attractively valued with a PEG of 1.74. FTNT earns a higher WallStSmart Score of 73/100 (B).
DBX
Hold50
out of 100
Grade: D+
FTNT
Strong Buy73
out of 100
Grade: B
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
+23.1%
Fair Value
$31.76
Current Price
$33.90
$2.14 discount
Margin of Safety
+37.4%
Fair Value
$275.55
Current Price
$174.26
$101.29 discount
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Conservative balance sheet, low leverage
Strong operational efficiency at 26.1%
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
Areas to Watch
0.9% revenue growth
Expensive relative to growth rate
Earnings declined 6.7%
Distress zone — elevated risk
Expensive relative to growth rate
Distress zone — elevated risk
Premium valuation, high expectations priced in
Trading at 82.6x book value
Comparative Analysis Report
WallStSmart ResearchBull Case : DBX
The strongest argument for DBX centers on Debt/Equity, Operating Margin. Profitability is solid with margins at 17.5% and operating margin at 26.1%.
Bull 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.
Bear Case : DBX
The primary concerns for DBX are Revenue Growth, PEG Ratio, EPS 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.
Key Dynamics to Monitor
DBX profiles as a value stock while FTNT is a growth 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 50/100), backed by strong 28.2% margins and 25.6% revenue growth. DBX offers better value entry with a 23.1% 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.
Dropbox Inc
TECHNOLOGY · SOFTWARE - INFRASTRUCTURE · USA
Dropbox, Inc. provides a worldwide collaboration platform. The company is headquartered in San Francisco, California.
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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