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Fortinet (FTNT) Competitors

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$110.02 -4.19 (-3.67%)
Closing price 04:00 PM Eastern
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$109.86 -0.16 (-0.15%)
As of 07:58 PM Eastern
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FTNT vs. NOW, AXON, CVLT, QLYS, AI, PRGS, MSFT, ORCL, PANW, and LOGI

Should you be buying Fortinet stock or one of its competitors? The main competitors of Fortinet include ServiceNow (NOW), Axon Enterprise (AXON), Commvault Systems (CVLT), Qualys (QLYS), C3.ai (AI), Progress Software (PRGS), Microsoft (MSFT), Oracle (ORCL), Palo Alto Networks (PANW), and Logitech International (LOGI).

Fortinet vs.

Fortinet (NASDAQ:FTNT) and ServiceNow (NYSE:NOW) are both large-cap computer and technology companies, but which is the superior business? We will contrast the two businesses based on the strength of their valuation, institutional ownership, analyst recommendations, dividends, media sentiment, profitability, risk, earnings and community ranking.

Fortinet has a beta of 1.01, indicating that its share price is 1% more volatile than the S&P 500. Comparatively, ServiceNow has a beta of 0.99, indicating that its share price is 1% less volatile than the S&P 500.

In the previous week, ServiceNow had 41 more articles in the media than Fortinet. MarketBeat recorded 77 mentions for ServiceNow and 36 mentions for Fortinet. Fortinet's average media sentiment score of 1.28 beat ServiceNow's score of 1.24 indicating that Fortinet is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Fortinet
30 Very Positive mention(s)
2 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
ServiceNow
56 Very Positive mention(s)
11 Positive mention(s)
5 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

83.7% of Fortinet shares are owned by institutional investors. Comparatively, 87.2% of ServiceNow shares are owned by institutional investors. 18.0% of Fortinet shares are owned by insiders. Comparatively, 0.3% of ServiceNow shares are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.

Fortinet currently has a consensus price target of $103.72, indicating a potential downside of 5.72%. ServiceNow has a consensus price target of $1,129.72, indicating a potential upside of 20.47%. Given ServiceNow's stronger consensus rating and higher probable upside, analysts clearly believe ServiceNow is more favorable than Fortinet.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Fortinet
1 Sell rating(s)
19 Hold rating(s)
11 Buy rating(s)
1 Strong Buy rating(s)
2.38
ServiceNow
1 Sell rating(s)
3 Hold rating(s)
25 Buy rating(s)
2 Strong Buy rating(s)
2.90

ServiceNow received 79 more outperform votes than Fortinet when rated by MarketBeat users. Likewise, 75.22% of users gave ServiceNow an outperform vote while only 65.91% of users gave Fortinet an outperform vote.

CompanyUnderperformOutperform
FortinetOutperform Votes
1311
65.91%
Underperform Votes
678
34.09%
ServiceNowOutperform Votes
1390
75.22%
Underperform Votes
458
24.78%

Fortinet has higher earnings, but lower revenue than ServiceNow. Fortinet is trading at a lower price-to-earnings ratio than ServiceNow, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Fortinet$5.96B14.16$1.75B$2.2648.68
ServiceNow$10.98B17.59$1.43B$6.83137.30

Fortinet has a net margin of 29.30% compared to ServiceNow's net margin of 12.97%. Fortinet's return on equity of 256.53% beat ServiceNow's return on equity.

Company Net Margins Return on Equity Return on Assets
Fortinet29.30% 256.53% 19.07%
ServiceNow 12.97%17.11%8.18%

Summary

ServiceNow beats Fortinet on 12 of the 19 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding {thisCompany.Symbol} and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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FTNT vs. The Competition

MetricFortinetComputer peripheral equipment IndustryComputer SectorNASDAQ Exchange
Market Cap$84.33B$15.50B$26.21B$8.98B
Dividend YieldN/A7.26%2.75%3.85%
P/E Ratio48.6828.3746.3418.82
Price / Sales14.163.962,534.8680.74
Price / Cash44.2528.5235.5737.47
Price / Book56.426.326.864.64
Net Income$1.75B$188.53M$731.18M$245.69M
7 Day Performance-1.45%-3.88%-2.01%-2.63%
1 Month Performance13.19%-0.32%0.09%-2.37%
1 Year Performance68.38%-6.37%20.24%13.65%

Fortinet Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
FTNT
Fortinet
4.3569 of 5 stars
$110.02
-3.7%
$103.72
-5.7%
+68.1%$84.33B$5.96B48.6813,568Insider Trade
Positive News
NOW
ServiceNow
4.7802 of 5 stars
$985.67
-0.4%
$1,129.72
+14.6%
+28.6%$203.05B$10.98B144.3126,293Analyst Forecast
Insider Trade
Positive News
AXON
Axon Enterprise
3.3742 of 5 stars
$683.41
+2.8%
$542.15
-20.7%
+101.7%$52.11B$1.56B176.594,260Analyst Downgrade
CVLT
Commvault Systems
4.03 of 5 stars
$184.91
+0.7%
$156.44
-15.4%
+100.3%$8.14B$839.25M48.532,882Insider Trade
Positive News
QLYS
Qualys
2.4536 of 5 stars
$143.76
+1.9%
$146.57
+2.0%
-15.0%$5.26B$607.57M30.922,188Insider Trade
AI
C3.ai
3.9527 of 5 stars
$31.60
-4.0%
$35.00
+10.8%
+10.7%$4.08B$310.58M-14.30700Upcoming Earnings
PRGS
Progress Software
4.2871 of 5 stars
$57.32
-1.0%
$72.43
+26.4%
+1.8%$2.49B$753.41M36.742,815
MSFT
Microsoft
4.9702 of 5 stars
$408.43
-0.5%
$510.96
+25.1%
+3.3%$3.04T$245.12B32.88228,000Options Volume
Analyst Revision
Positive News
ORCL
Oracle
4.5497 of 5 stars
$173.50
-0.2%
$182.73
+5.3%
+62.3%$485.27B$52.96B42.42159,000Analyst Downgrade
Positive News
PANW
Palo Alto Networks
4.4048 of 5 stars
$200.03
-0.9%
$202.40
+1.2%
+8.6%$131.26B$8.03B52.0915,289Analyst Forecast
Options Volume
News Coverage
Positive News
High Trading Volume
LOGI
Logitech International
3.3681 of 5 stars
$105.06
+1.7%
$97.13
-7.6%
+17.6%$16.62B$4.30B24.662,700

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This page (NASDAQ:FTNT) was last updated on 2/21/2025 by MarketBeat.com Staff
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