Full disclosure : I hold Fortinet shares. In fact, it has grown to be my largest position.
Both are valuable business models in my view - I rate them both as a HOLD atm
But I can't wrap my head around the fact that the market cap of Crowdstrike is double that of Fortinet. In a head to head comparison, FTNT is winning on all fronts but growth pretty much.
Is there a cyber security expert around here that can explain the valuation dispersion? Why Crowdstrike revenues are worth twice as much according to the market?
This questioning always made me favor one over the other (maybe wrongfully)...