FTNT vs NET

Fortinet and Cloudflare, Inc., both Technology

Fortinet is the larger company at $106B against $80B. Over the past year FTNT returned +140% against +60% for NET. The RyuScore puts FTNT ahead, 67 against 16 out of 100.

Fortinet and Cloudflare, Inc. compared on valuation, return and the RyuScore
FigureFTNTNET
Last close$195$361
Market cap$106B$80B
Trailing P/Elower is cheaper for the same earnings, not automatically better68.8n/a
1-year return+140%+60%
5-year return+228%+185%
RyuScoresector-relative, 1–1067/10016/100

Figures from SEC filings and end-of-day closes. Highlighting marks the higher or lower number, which is not the same as the better investment, a low P/E can be a warning and a high one can be deserved.

Fortinet

Revenue of $2.0B in Q2 2026, net income $606M. Its largest reported line is EMEA, 43% of the disclosed total.

Cloudflare, Inc.

Revenue of $696M in Q2 2026, net income null. Its largest reported line is United States, 51% of the disclosed total.

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