WallStSmart

Fortinet Inc (FTNT)vsNetApp Inc (NTAP)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Fortinet Inc generates 2% more annual revenue ($7.53B vs $7.39B). FTNT leads profitability with a 28.2% profit margin vs 19.2%. FTNT appears more attractively valued with a PEG of 1.74. FTNT earns a higher WallStSmart Score of 73/100 (B).

FTNT

Strong Buy

73

out of 100

Grade: B

Growth: 8.7Profit: 9.5Value: 5.3Quality: 6.0
Piotroski: 5/9Altman Z: 1.50

NTAP

Strong Buy

70

out of 100

Grade: B-

Growth: 7.3Profit: 9.0Value: 5.0Quality: 5.0
Piotroski: 6/9Altman Z: 1.48
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

FTNTUndervalued (+37.4%)

Margin of Safety

+37.4%

Fair Value

$275.55

Current Price

$174.26

$101.29 discount

UndervaluedFair: $275.55Overvalued

Intrinsic value data unavailable for NTAP.

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

FTNT6 strengths · Avg: 9.0/10
Return on EquityProfitability
136.7%10/10

Every $100 of equity generates 137 in profit

Operating MarginProfitability
33.6%10/10

Strong operational efficiency at 33.6%

Market CapQuality
$114.51B9/10

Large-cap with strong market position

Profit MarginProfitability
28.2%9/10

Keeps 28 of every $100 in revenue as profit

Revenue GrowthGrowth
25.6%8/10

Revenue surging 25.6% year-over-year

EPS GrowthGrowth
43.9%8/10

Earnings expanding 43.9% YoY

NTAP4 strengths · Avg: 9.0/10
Return on EquityProfitability
94.8%10/10

Every $100 of equity generates 95 in profit

EPS GrowthGrowth
63.5%10/10

Earnings expanding 63.5% YoY

Operating MarginProfitability
26.7%8/10

Strong operational efficiency at 26.7%

Revenue GrowthGrowth
29.9%8/10

Revenue surging 29.9% year-over-year

Areas to Watch

FTNT4 concerns · Avg: 3.0/10
PEG RatioValuation
1.744/10

Expensive relative to growth rate

Altman Z-ScoreHealth
1.504/10

Distress zone — elevated risk

P/E RatioValuation
56.1x2/10

Premium valuation, high expectations priced in

Price/BookValuation
82.6x2/10

Trading at 82.6x book value

NTAP4 concerns · Avg: 3.3/10
PEG RatioValuation
2.194/10

Expensive relative to growth rate

P/E RatioValuation
28.0x4/10

Moderate valuation

Debt/EquityHealth
1.693/10

Elevated debt levels

Price/BookValuation
25.3x2/10

Trading at 25.3x book value

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 28.2% and operating margin at 33.6%. Revenue growth of 25.6% demonstrates continued momentum.

Bull Case : NTAP

The strongest argument for NTAP centers on Return on Equity, EPS Growth, Operating Margin. Profitability is solid with margins at 19.2% and operating margin at 26.7%. Revenue growth of 29.9% demonstrates continued momentum.

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.

Bear Case : NTAP

The primary concerns for NTAP are PEG Ratio, P/E Ratio, Debt/Equity. Debt-to-equity of 1.69 is elevated, increasing financial risk.

Key Dynamics to Monitor

NTAP carries more volatility with a beta of 1.43 — expect wider price swings.

NTAP is growing revenue faster at 29.9% — sustainability is the question.

FTNT generates stronger free cash flow (966M), providing more financial flexibility.

Monitor SOFTWARE - INFRASTRUCTURE industry trends, competitive dynamics, and regulatory changes.

Bottom Line

FTNT scores higher overall (73/100 vs 70/100), backed by strong 28.2% margins and 25.6% revenue growth. Both earn "Strong Buy" and "Strong 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.

NetApp Inc

TECHNOLOGY · SOFTWARE - INFRASTRUCTURE · USA

NetApp, Inc. is an American hybrid cloud data services and data management company headquartered in Sunnyvale, California. Founded in 1992 with an IPO in 1995, NetApp offers cloud data services for management of applications and data both online and physically.

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