Fortinet Inc (FTNT)vsImpinj Inc (PI)
FTNT
Fortinet Inc
$149.67
+0.85%
TECHNOLOGY · Cap: $109.06B
PI
Impinj Inc
$120.93
-11.20%
TECHNOLOGY · Cap: $4.04B
Smart Verdict
WallStSmart Research — data-driven comparison
Fortinet Inc generates 1869% more annual revenue ($7.11B vs $361.05M). FTNT leads profitability with a 27.5% profit margin vs -7.7%. FTNT earns a higher WallStSmart Score of 67/100 (B-).
FTNT
Strong Buy67
out of 100
Grade: B-
PI
Avoid26
out of 100
Grade: F
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
+45.4%
Fair Value
$265.15
Current Price
$149.67
$115.48 discount
Margin of Safety
-30.8%
Fair Value
$81.75
Current Price
$120.93
$39.18 premium
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Every $100 of equity generates 197 in profit
Strong operational efficiency at 31.3%
Large-cap with strong market position
Keeps 28 of every $100 in revenue as profit
Revenue surging 20.1% year-over-year
Earnings expanding 28.6% YoY
No standout strengths identified
Areas to Watch
Distress zone — elevated risk
Expensive relative to growth rate
Premium valuation, high expectations priced in
Trading at 110.9x book value
Trading at 18.1x book value
0.0% revenue growth
Elevated debt levels
ROE of -13.6% — below average capital efficiency
Comparative Analysis Report
WallStSmart ResearchBull 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 : PI
PI has a balanced fundamental profile.
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 : PI
The primary concerns for PI are Price/Book, Revenue Growth, Debt/Equity.
Key Dynamics to Monitor
FTNT profiles as a growth stock while PI is a turnaround play — different risk/reward profiles.
PI carries more volatility with a beta of 1.92 — 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
FTNT scores higher overall (67/100 vs 26/100), backed by strong 27.5% margins and 20.1% revenue growth. Both earn "Strong Buy" and "Avoid" 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.
Impinj Inc
TECHNOLOGY · SEMICONDUCTORS · USA
Impinj, Inc. operates a cloud connectivity platform. The company is headquartered in Seattle, Washington.
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