WallStSmart

Fortinet Inc (FTNT)vsRigetti Computing Inc (RGTI)

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Smart Verdict

WallStSmart Research — data-driven comparison

Fortinet Inc generates 58920% more annual revenue ($7.88B vs $13.35M). FTNT leads profitability with a 29.0% profit margin vs 0.0%. 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: 6.0
Piotroski: 5/9Altman Z: 1.50

RGTI

Avoid

30

out of 100

Grade: F

Growth: 5.3Profit: 2.5Value: 4.7Quality: 6.5
Piotroski: 3/9Altman Z: 0.84
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

FTNTUndervalued (+52.5%)

Margin of Safety

+52.5%

Fair Value

$286.50

Current Price

$118.84

$167.66 discount

UndervaluedFair: $286.50Overvalued
RGTIOvervalued (-9.0%)

Margin of Safety

-9.0%

Fair Value

$11.06

Current Price

$11.75

$0.69 premium

UndervaluedFair: $11.06Overvalued

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
33.8%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

Revenue GrowthGrowth
20.5%8/10

Revenue surging 20.5% year-over-year

EPS GrowthGrowth
38.7%8/10

Earnings expanding 38.7% YoY

RGTI2 strengths · Avg: 10.0/10
Revenue GrowthGrowth
185.3%10/10

Revenue surging 185.3% year-over-year

Debt/EquityHealth
0.0110/10

Conservative balance sheet, low leverage

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

RGTI4 concerns · Avg: 3.0/10
EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Profit MarginProfitability
0.0%3/10

0.0% margin — thin

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

Return on EquityProfitability
-38.7%2/10

ROE of -38.7% — below average capital efficiency

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 : RGTI

The strongest argument for RGTI centers on Revenue Growth, Debt/Equity. Revenue growth of 185.3% demonstrates continued momentum.

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 : RGTI

The primary concerns for RGTI are EPS Growth, Profit Margin, Piotroski F-Score.

Key Dynamics to Monitor

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

RGTI carries more volatility with a beta of 2.03 — expect wider price swings.

RGTI is growing revenue faster at 185.3% — sustainability is the question.

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

Bottom Line

FTNT scores higher overall (75/100 vs 30/100), backed by strong 29.0% margins and 20.5% 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.

Rigetti Computing Inc

TECHNOLOGY · COMPUTER HARDWARE · USA

Rigetti Computing Inc. (RGTI) is at the forefront of the quantum computing revolution, committed to democratizing access to groundbreaking quantum technologies across a variety of industries, including finance, pharmaceuticals, and logistics. With a portfolio that includes cutting-edge quantum processors and a sophisticated cloud platform, Rigetti enables organizations to integrate quantum algorithms with existing computing infrastructures, significantly enhancing their computational abilities. The company's robust focus on research and development ensures its continued leadership in the sector, positioning Rigetti to play a pivotal role in the advancement of high-performance computing solutions for a diverse range of applications.

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