WallStSmart

Fortinet Inc (FTNT)vsNokia Corp ADR (NOK)

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Smart Verdict

WallStSmart Research — data-driven comparison

Nokia Corp ADR generates 165% more annual revenue ($20.85B vs $7.88B). FTNT leads profitability with a 29.0% profit margin vs 3.8%. NOK appears more attractively valued with a PEG of 0.64. FTNT earns a higher WallStSmart Score of 75/100 (B+).

FTNT

Strong Buy

75

out of 100

Grade: B+

Growth: 8.7Profit: 10.0Value: 6.7Quality: 6.5
Piotroski: 5/9Altman Z: 1.50

NOK

Buy

56

out of 100

Grade: C

Growth: 6.0Profit: 5.0Value: 4.0Quality: 6.5
Piotroski: 4/9Altman Z: 1.65
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

FTNTUndervalued (+58.4%)

Margin of Safety

+58.4%

Fair Value

$285.80

Current Price

$118.84

$166.96 discount

UndervaluedFair: $285.80Overvalued
NOKSignificantly Overvalued (-46.7%)

Margin of Safety

-46.7%

Fair Value

$5.22

Current Price

$7.66

$2.44 premium

UndervaluedFair: $5.22Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

FTNT6 strengths · Avg: 9.2/10
Return on EquityProfitability
101.6%10/10

Every $100 of equity generates 102 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

Debt/EquityHealth
0.229/10

Conservative balance sheet, low leverage

Revenue GrowthGrowth
20.5%8/10

Revenue surging 20.5% year-over-year

NOK4 strengths · Avg: 8.8/10
EPS GrowthGrowth
222.1%10/10

Earnings expanding 222.1% YoY

Debt/EquityHealth
0.169/10

Conservative balance sheet, low leverage

PEG RatioValuation
0.648/10

Growing faster than its price suggests

Price/BookValuation
1.8x8/10

Reasonable price relative to book value

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
38.8x2/10

Trading at 38.8x book value

NOK4 concerns · Avg: 3.0/10
Altman Z-ScoreHealth
1.654/10

Distress zone — elevated risk

Return on EquityProfitability
3.6%3/10

ROE of 3.6% — below average capital efficiency

Profit MarginProfitability
3.8%3/10

3.8% margin — thin

P/E RatioValuation
53.5x2/10

Premium valuation, high expectations priced in

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 : NOK

The strongest argument for NOK centers on EPS Growth, Debt/Equity, PEG Ratio. PEG of 0.64 suggests the stock is reasonably priced for its growth.

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 : NOK

The primary concerns for NOK are Altman Z-Score, Return on Equity, Profit Margin. A P/E of 53.5x leaves little room for execution misses. Thin 3.8% margins leave little buffer for downturns.

Key Dynamics to Monitor

FTNT profiles as a growth stock while NOK is a value play — different risk/reward profiles.

FTNT carries more volatility with a beta of 1.04 — 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.

Bottom Line

FTNT scores higher overall (75/100 vs 56/100), backed by strong 29.0% margins and 20.5% revenue growth. Both earn "Strong Buy" and "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.

Nokia Corp ADR

TECHNOLOGY · COMMUNICATION EQUIPMENT · USA

Nokia Corporation offers fixed and mobile network solutions globally. The company is headquartered in Espoo, Finland.

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