Fortinet vs Okta Which Performs Better?

Fortinet and Okta are two companies operating in the cybersecurity sector, providing solutions that help protect organizations from cyber threats. Fortinet is a leading provider of network security appliances and services, while Okta specializes in identity and access management solutions. Both companies have experienced growth in recent years as the demand for cybersecurity products and services has increased. Investors looking to capitalize on the growing cybersecurity market may consider investing in either Fortinet or Okta stocks, each offering unique strengths and opportunities for growth.

Fortinet or Okta?

When comparing Fortinet and Okta, different investors may prioritize various metrics based on their investment strategies and goals. So, ask yourself what type of investor you are. This will guide you in determining which metrics are most important for your investment decision between Fortinet and Okta.

Dividend Investors:

Dividend investors look for stable and growing income streams, using dividend metrics to assess potential investments. A company's dividend yield essentially measures the size of its dividend relative to the total market value of the company. Fortinet has a dividend yield of -%, while Okta has a dividend yield of -%. Beyond the yield itself, considering the growth and sustainability of these dividends is also crucial. Fortinet reports a 5-year dividend growth of 0.00% year and a payout ratio of 0.00%. On the other hand, Okta reports a 5-year dividend growth of 0.00% year and a payout ratio of 0.00%.

Value Investors:

Value investors focus on financial metrics to determine a stock's intrinsic value compared to its market value. The Price-to-Earnings (P/E) Ratio links stock price to a company's earnings per share, with Fortinet P/E ratio at 49.02 and Okta's P/E ratio at -370.99. Another crucial valuation metric is the Price-to-Book (P/B) Ratio, which compares stock price with book value per share. Fortinet P/B ratio is 82.59 while Okta's P/B ratio is 2.31.

Growth Investors:

Growth investors prioritize metrics indicative of a company's expansion potential. Focusing on top-line growth, Fortinet has seen a 5-year revenue growth of 2.20%, while Okta's is 2.75%. Return on Equity (ROE) measures how effectively a company uses equity investment to generate earnings, with Fortinet's ROE at 1027.81% and Okta's ROE at -0.64%.

Retail Investors:

Retail investors often consider stock affordability and company familiarity. For example, day low prices are $97.08 for Fortinet and $82.81 for Okta. Over the past year, Fortinet's prices ranged from $54.57 to $100.59, with a yearly change of 84.33%. Okta's prices fluctuated between $70.56 and $114.50, with a yearly change of 62.27%. Brand recognition also plays a role, as familiarity with a company can influence investment decisions.