WallStSmart

Fortinet Inc (FTNT)vsNVE Corporation (NVEC)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Fortinet Inc generates 26900% more annual revenue ($7.11B vs $26.33M). NVEC leads profitability with a 57.7% profit margin vs 27.5%. NVEC appears more attractively valued with a PEG of 0.84. NVEC earns a higher WallStSmart Score of 68/100 (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

NVEC

Strong Buy

68

out of 100

Grade: B-

Growth: 5.3Profit: 10.0Value: 4.7Quality: 8.5
Piotroski: 3/9Altman Z: 16.15
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

FTNTUndervalued (+45.4%)

Margin of Safety

+45.4%

Fair Value

$265.15

Current Price

$149.67

$115.48 discount

UndervaluedFair: $265.15Overvalued
NVECSignificantly Overvalued (-36.1%)

Margin of Safety

-36.1%

Fair Value

$49.70

Current Price

$109.08

$59.38 premium

UndervaluedFair: $49.70Overvalued

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
$109.06B9/10

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

NVEC6 strengths · Avg: 9.5/10
Profit MarginProfitability
57.7%10/10

Keeps 58 of every $100 in revenue as profit

Operating MarginProfitability
61.9%10/10

Strong operational efficiency at 61.9%

Debt/EquityHealth
0.0210/10

Conservative balance sheet, low leverage

Altman Z-ScoreHealth
16.1510/10

Safe zone — low bankruptcy risk

Return on EquityProfitability
26.1%9/10

Every $100 of equity generates 26 in profit

PEG RatioValuation
0.848/10

Growing faster than its price suggests

Areas to Watch

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

Distress zone — elevated risk

PEG RatioValuation
3.322/10

Expensive relative to growth rate

P/E RatioValuation
57.7x2/10

Premium valuation, high expectations priced in

Price/BookValuation
110.9x2/10

Trading at 110.9x book value

NVEC4 concerns · Avg: 3.5/10
P/E RatioValuation
33.5x4/10

Premium valuation, high expectations priced in

Price/BookValuation
9.1x4/10

Trading at 9.1x book value

Market CapQuality
$508.73M3/10

Smaller company, higher risk/reward

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

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 : NVEC

The strongest argument for NVEC centers on Profit Margin, Operating Margin, Debt/Equity. Profitability is solid with margins at 57.7% and operating margin at 61.9%. PEG of 0.84 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 57.7x leaves little room for execution misses.

Bear Case : NVEC

The primary concerns for NVEC are P/E Ratio, Price/Book, Market Cap.

Key Dynamics to Monitor

FTNT profiles as a growth stock while NVEC is a mature play — different risk/reward profiles.

NVEC carries more volatility with a beta of 1.35 — expect wider price swings.

FTNT is growing revenue faster at 20.1% — sustainability is the question.

FTNT generates stronger free cash flow (1.0B), providing more financial flexibility.

Bottom Line

NVEC scores higher overall (68/100 vs 67/100), backed by strong 57.7% margins. FTNT offers better value entry with a 45.4% margin of safety. 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.

NVE Corporation

TECHNOLOGY · SEMICONDUCTORS · USA

NVE Corporation develops and sells devices that use spintronics, a nanotechnology that relies on the spin of the electron to acquire, store, and transmit information in the United States and internationally. The company is headquartered in Eden Prairie, Minnesota.

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