FTNT vs PANW
Fortinet, Inc. (FTNT) and Palo Alto Networks, Inc. Common Stock (PANW) compared on valuation, profitability, price performance and market sentiment. FTNT sentiment is positive; PANW is neutral. Last analyzed Jul 30, 2026 and Jul 30, 2026.
Performance
Each rebased to 0% at the start of its recent history — the gap is relative out/under-performance.
- Last close
- $153.22$314.15
- Market cap
- $113.11B$262.02B
- P/E (TTM)
- Stronger: 54.6277.2
- Forward P/E
- Stronger: 41.677.9
- Price / book
- 114.5Stronger: 9.4
- Net margin
- Stronger: 27.49%7.95%
- Revenue growth
- +20.10%Stronger: +31.10%
- Beta
- 1.090.91
- 52-week high
- $170.35$368.80
- 52-week low
- $70.12$139.57
marks the stronger side on ratios, margins, growth and yield. Levels like price and market cap aren’t scored.
Where they differ
Fortinet, Inc.
Technology · Software - Infrastructure
Fortinet, Inc. develops cybersecurity products that converge networking and security, serving customers worldwide. Its platform centers on FortiOS, a unified operating system, and FortiGate firewalls for data centers, distributed offices, and hyperscale environments, supported by custom FortiASIC security processing units. The portfolio extends across secure networking — wireless LAN, secure connectivity, and SD-WAN — and unified SASE offerings that combine firewall, secure web gateway, cloud access security broker, data loss prevention, and zero trust network access. Cloud and application security products include web application firewalls, virtualized and cloud-native firewalls, application protection, and code security. The company also sells security operations tools spanning endpoint, extended, and network detection and response, sandboxing, deception, data loss prevention, and digital risk protection, along with endpoint and operational technology security. Threat intelligence and security services come from FortiGuard Labs, its research organization, and FortiCare provides technical support. Fortinet was incorporated in 2000 and is headquartered in Sunnyvale, California.
Full FTNT overview →Palo Alto Networks, Inc. Common Stock
Technology · Software - Infrastructure
Palo Alto Networks is a cybersecurity company headquartered in Santa Clara, California, serving customers across the Americas, EMEA, and Asia Pacific. Its portfolio spans three broad areas: network security, including hardware and virtual firewalls, the Prisma Access secure access service edge offering, and centralized management through Strata Cloud Manager; cloud security, covering protection for applications and workloads across multi-cloud and hybrid environments; and security operations, delivered through the Cortex platform, which includes XSIAM for AI-driven security operations, XDR for threat detection and response, XSOAR for orchestration and automation, and Xpanse for attack surface management. The company also offers security for AI deployments and provides threat intelligence and incident response services under the Unit 42 name. Much of the business is subscription-based, with services covering areas such as threat prevention, URL filtering, DNS security, data loss prevention, IoT security, and SaaS application security, alongside support, professional services, and training and certification programs. Palo Alto Networks was incorporated in 2005 and sells through channel partners as well as directly to enterprises, service providers, and government organizations across industries including financial services, healthcare, energy, manufacturing, telecommunications, education, and the public sector.
Full PANW overview →FTNT vs PANW: frequently asked questions
Which has the higher market cap, FTNT or PANW?
PANW has the higher market capitalization. FTNT is about $113.11B, compared with about $262.02B for PANW.
Which has the lower trailing P/E, FTNT or PANW?
FTNT has the lower trailing P/E. FTNT trades at 54.6 times trailing earnings, versus 277.2 for PANW.
Which has stronger market sentiment, FTNT or PANW?
FTNT has the stronger composite sentiment score. FTNT scores 23 and PANW scores 12 on a −100 to +100 scale.
Go deeper on FTNT and PANW
Line up margins, growth, valuation and shared ETF exposure side by side — then read the full thesis, signals and risk levels behind each name.