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Fortinet (FTNT) Competitors

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$97.20 +2.97 (+3.15%)
As of 01/21/2025 04:00 PM Eastern

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 investment? We will contrast the two companies based on the strength of their media sentiment, risk, valuation, profitability, community ranking, analyst recommendations, dividends, earnings and institutional ownership.

Fortinet currently has a consensus target price of $96.33, indicating a potential downside of 0.89%. ServiceNow has a consensus target price of $1,090.72, indicating a potential downside of 0.62%. Given ServiceNow's stronger consensus rating and higher possible 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)
17 Hold rating(s)
13 Buy rating(s)
1 Strong Buy rating(s)
2.44
ServiceNow
1 Sell rating(s)
3 Hold rating(s)
24 Buy rating(s)
2 Strong Buy rating(s)
2.90

ServiceNow received 73 more outperform votes than Fortinet when rated by MarketBeat users. Likewise, 75.19% of users gave ServiceNow an outperform vote while only 66.16% of users gave Fortinet an outperform vote.

CompanyUnderperformOutperform
FortinetOutperform Votes
1306
66.16%
Underperform Votes
668
33.84%
ServiceNowOutperform Votes
1379
75.19%
Underperform Votes
455
24.81%

ServiceNow has higher revenue and earnings than Fortinet. 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$5.30B14.04$1.15B$1.9849.09
ServiceNow$8.97B25.20$1.73B$6.43170.69

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, hedge funds and large money managers believe a stock will outperform the market over the long term.

In the previous week, ServiceNow had 26 more articles in the media than Fortinet. MarketBeat recorded 76 mentions for ServiceNow and 50 mentions for Fortinet. ServiceNow's average media sentiment score of 1.24 beat Fortinet's score of 1.01 indicating that ServiceNow is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Fortinet
34 Very Positive mention(s)
6 Positive mention(s)
5 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive
ServiceNow
54 Very Positive mention(s)
4 Positive mention(s)
12 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive

Fortinet has a net margin of 26.79% compared to ServiceNow's net margin of 12.77%. Fortinet's return on equity of 973.30% beat ServiceNow's return on equity.

Company Net Margins Return on Equity Return on Assets
Fortinet26.79% 973.30% 18.21%
ServiceNow 12.77%16.03%7.54%

Fortinet has a beta of 1, suggesting that its stock price has a similar volatility profile to the S&P 500.Comparatively, ServiceNow has a beta of 0.99, suggesting that its stock price is 1% less volatile than the S&P 500.

Summary

ServiceNow beats Fortinet on 14 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$74.50B$14.29B$26.72B$9.13B
Dividend YieldN/A6.40%2.74%4.00%
P/E Ratio49.0928.51236.3517.53
Price / Sales14.044.183,627.1580.28
Price / Cash48.0121.7735.9232.90
Price / Book-162.003.058.614.69
Net Income$1.15B$243.45M$670.02M$224.57M
7 Day Performance5.09%4.21%4.08%3.33%
1 Month Performance0.01%4.35%7.01%5.33%
1 Year Performance59.61%-7.80%27.62%22.97%

Fortinet Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
FTNT
Fortinet
4.5724 of 5 stars
$97.20
+3.2%
$96.33
-0.9%
+59.6%$74.50B$5.30B49.0913,568Analyst Forecast
Positive News
NOW
ServiceNow
4.4646 of 5 stars
$1,072.02
+1.4%
$1,080.38
+0.8%
+46.5%$220.84B$8.97B166.7222,668Analyst Forecast
News Coverage
Positive News
AXON
Axon Enterprise
3.2524 of 5 stars
$593.89
+1.4%
$504.92
-15.0%
+135.8%$45.28B$1.56B153.464,260Positive News
CVLT
Commvault Systems
4.1762 of 5 stars
$161.28
-0.3%
$154.56
-4.2%
+107.6%$7.05B$839.25M40.832,882Analyst Revision
News Coverage
QLYS
Qualys
1.8116 of 5 stars
$136.96
+0.3%
$152.80
+11.6%
-28.8%$5.01B$554.46M30.172,188
AI
C3.ai
3.3521 of 5 stars
$31.98
-1.0%
$35.00
+9.5%
+32.2%$4.13B$310.58M-14.47700
PRGS
Progress Software
3.7541 of 5 stars
$62.94
-1.2%
$71.71
+13.9%
+9.7%$2.70B$694.44M33.662,284News Coverage
MSFT
Microsoft
4.9451 of 5 stars
$429.03
+1.0%
$512.93
+19.6%
+7.5%$3.19T$245.12B35.40228,000Positive News
ORCL
Oracle
4.7986 of 5 stars
$161.05
+0.9%
$182.73
+13.5%
+57.6%$450.44B$52.96B39.38159,000Options Volume
News Coverage
Positive News
PANW
Palo Alto Networks
4.4769 of 5 stars
$177.11
0.0%
$199.77
+12.8%
+8.7%$116.22B$8.03B46.1215,289Analyst Forecast
News Coverage
Gap Up
LOGI
Logitech International
3.0091 of 5 stars
$87.22
-1.1%
$92.88
+6.5%
-4.7%$13.79B$4.30B19.432,700Upcoming Earnings
Analyst Forecast
News Coverage
High Trading Volume

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This page (NASDAQ:FTNT) was last updated on 1/22/2025 by MarketBeat.com Staff
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