WallStSmart

Fortinet Inc (FTNT)vsMaxLinear Inc (MXL)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Fortinet Inc generates 1297% more annual revenue ($7.11B vs $508.90M). FTNT leads profitability with a 27.5% profit margin vs -26.0%. MXL appears more attractively valued with a PEG of 0.39. 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

MXL

Hold

38

out of 100

Grade: F

Growth: 4.7Profit: 2.0Value: 6.7Quality: 5.5
Piotroski: 4/9Altman Z: 0.17
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

FTNTUndervalued (+43.0%)

Margin of Safety

+43.0%

Fair Value

$262.87

Current Price

$153.22

$109.65 discount

UndervaluedFair: $262.87Overvalued

Intrinsic value data unavailable for MXL.

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
$113.60B9/10

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

MXL2 strengths · Avg: 10.0/10
PEG RatioValuation
0.3910/10

Growing faster than its price suggests

Revenue GrowthGrowth
43.0%10/10

Revenue surging 43.0% year-over-year

Areas to Watch

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

Distress zone — elevated risk

PEG RatioValuation
3.572/10

Expensive relative to growth rate

P/E RatioValuation
61.3x2/10

Premium valuation, high expectations priced in

Price/BookValuation
113.5x2/10

Trading at 113.5x book value

MXL4 concerns · Avg: 2.5/10
Price/BookValuation
11.3x4/10

Trading at 11.3x book value

Return on EquityProfitability
-29.1%2/10

ROE of -29.1% — below average capital efficiency

EPS GrowthGrowth
-71.4%2/10

Earnings declined 71.4%

Free Cash FlowQuality
$-10.26M2/10

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 : MXL

The strongest argument for MXL centers on PEG Ratio, Revenue Growth. Revenue growth of 43.0% demonstrates continued momentum. PEG of 0.39 suggests the stock is reasonably priced for its growth.

Bear Case : FTNT

The primary concerns for FTNT are Altman Z-Score, PEG Ratio, P/E Ratio. A P/E of 61.3x leaves little room for execution misses.

Bear Case : MXL

The primary concerns for MXL are Price/Book, Return on Equity, EPS Growth.

Key Dynamics to Monitor

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

MXL carries more volatility with a beta of 3.93 — expect wider price swings.

MXL is growing revenue faster at 43.0% — 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 38/100), backed by strong 27.5% margins and 20.1% revenue growth. 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.

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.

MaxLinear Inc

TECHNOLOGY · SEMICONDUCTORS · USA

MaxLinear, Inc. provides high-performance analog, radio frequency (RF) and mixed signal communications-on-chip (SoC) solutions for the connected home, wired and wireless infrastructure, and multi-market and industrial applications to world level. The company is headquartered in Carlsbad, California.

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