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Fortinet (FTNT) Competitors

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$97.19 +2.34 (+2.47%)
(As of 12/20/2024 05:40 PM ET)

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.

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

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
ServiceNow12.77% 16.03% 7.54%
Fortinet 26.79%973.30%18.21%

ServiceNow received 69 more outperform votes than Fortinet when rated by MarketBeat users. Likewise, 75.10% of users gave ServiceNow an outperform vote while only 66.18% of users gave Fortinet an outperform vote.

CompanyUnderperformOutperform
ServiceNowOutperform Votes
1372
75.10%
Underperform Votes
455
24.90%
FortinetOutperform Votes
1303
66.18%
Underperform Votes
666
33.82%

87.2% of ServiceNow shares are held by institutional investors. Comparatively, 83.7% of Fortinet shares are held by institutional investors. 0.3% of ServiceNow shares are held by insiders. Comparatively, 18.0% of Fortinet shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.

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

ServiceNow currently has a consensus price target of $1,042.37, indicating a potential downside of 4.48%. Fortinet has a consensus price target of $92.77, indicating a potential downside of 4.54%. Given ServiceNow's stronger consensus rating and higher probable upside, equities research analysts clearly believe ServiceNow is more favorable than Fortinet.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
ServiceNow
1 Sell rating(s)
3 Hold rating(s)
23 Buy rating(s)
1 Strong Buy rating(s)
2.86
Fortinet
1 Sell rating(s)
19 Hold rating(s)
13 Buy rating(s)
1 Strong Buy rating(s)
2.41

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
ServiceNow$10.46B21.48$1.73B$6.43169.71
Fortinet$5.71B13.04$1.15B$1.9849.09

In the previous week, Fortinet had 14 more articles in the media than ServiceNow. MarketBeat recorded 29 mentions for Fortinet and 15 mentions for ServiceNow. Fortinet's average media sentiment score of 0.68 beat ServiceNow's score of 0.47 indicating that Fortinet is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
ServiceNow
4 Very Positive mention(s)
1 Positive mention(s)
7 Neutral mention(s)
2 Negative mention(s)
0 Very Negative mention(s)
Neutral
Fortinet
11 Very Positive mention(s)
4 Positive mention(s)
8 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive

Summary

ServiceNow beats Fortinet on 11 of the 18 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$74.49B$13.43B$26.02B$9.08B
Dividend YieldN/A4.98%2.78%4.23%
P/E Ratio49.0911.51237.6917.18
Price / Sales13.043.373,348.48116.99
Price / Cash49.9522.0835.7437.86
Price / Book-161.982.178.134.78
Net Income$1.15B$230.65M$681.78M$225.60M
7 Day Performance-0.78%-5.55%0.41%-1.23%
1 Month Performance3.25%-0.55%7.02%3.36%
1 Year Performance66.11%-9.27%23.11%16.60%

Fortinet Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
FTNT
Fortinet
4.2129 of 5 stars
$97.19
+2.5%
$92.77
-4.5%
+66.1%$74.49B$5.71B49.0913,568Analyst Forecast
Insider Trade
High Trading Volume
NOW
ServiceNow
4.1255 of 5 stars
$1,122.37
+0.1%
$1,034.96
-7.8%
+55.7%$231.21B$10.46B174.3522,668Analyst Forecast
AXON
Axon Enterprise
3.3277 of 5 stars
$638.96
-0.9%
$488.67
-23.5%
+145.9%$48.72B$1.56B166.644,260Insider Trade
CVLT
Commvault Systems
4.0302 of 5 stars
$169.81
+0.7%
$151.25
-10.9%
+99.9%$7.43B$898.05M42.712,882Positive News
QLYS
Qualys
1.3554 of 5 stars
$147.40
-0.1%
$152.80
+3.7%
-30.9%$5.39B$554.46M32.502,188
AI
C3.ai
2.9665 of 5 stars
$41.59
+5.4%
$35.55
-14.5%
+23.7%$5.28B$346.54M-17.86700Analyst Upgrade
Insider Trade
Analyst Revision
PRGS
Progress Software
3.8538 of 5 stars
$68.77
-0.2%
$67.67
-1.6%
+20.7%$2.95B$715.42M36.842,284
MSFT
Microsoft
4.8624 of 5 stars
$447.06
0.0%
$505.43
+13.1%
+16.9%$3.32T$254.19B36.86228,000Analyst Forecast
Positive News
ORCL
Oracle
4.5273 of 5 stars
$171.52
-1.1%
$183.63
+7.1%
+60.4%$479.73B$52.96B42.11159,000Analyst Downgrade
PANW
Palo Alto Networks
4.5414 of 5 stars
$198.08
+0.8%
$201.01
+1.5%
+24.8%$64.99B$8.29B51.1915,289Analyst Forecast
Analyst Revision
News Coverage
LOGI
Logitech International
3.8429 of 5 stars
$82.96
-1.7%
$92.88
+12.0%
-12.3%$13.12B$4.47B18.802,700Analyst Downgrade
Positive News
Gap Down

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This page (NASDAQ:FTNT) was last updated on 12/22/2024 by MarketBeat.com Staff
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