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FTNT vs SHOP
Which Stock Would AI Choose? Fortinet (FTNT) vs. Shopify (SHOP) Stock Comparison
Key Takeaways
- FTNT (Fortinet) beat third-quarter earnings and revenue estimates, but shares sold off sharply as services revenue growth slowed and margins came under pressure.
- SHOP (Shopify) continues to grow revenue at a 30%+ pace and is demonstrating pricing power through merchant plan increases, though its valuation remains elevated.
- Both stocks pulled back from recent 52-week highs in late October amid broader technology-sector volatility.
- Tickeron AI Verdict: SHOP, reflecting a more intact uptrend, stronger top-line momentum, and a comparatively more favorable analyst consensus.
- For deeper detail on each name's news and daily price action, visit FTNT Major News, FTNT Today's Price Move, SHOP Major News, and SHOP Today's Price Move.
- To see which automated strategies are currently leading, explore Trending AI Robots.
Introduction
Fortinet (FTNT) and Shopify (SHOP) are two high-profile growth names in the technology sector, yet they operate in very different markets — cybersecurity versus commerce software. Both have delivered strong fundamental results over the past year and both have recently experienced sharp share-price moves, making them a natural pairing for a comparative stock review. This analysis is most relevant to growth-oriented investors and active traders evaluating relative performance, momentum, and risk across two leaders in their respective categories. By examining recent market activity, business drivers, and technical positioning, this article aims to clarify how these two stocks compare in the current market environment.
FTNT Overview and Recent Performance
Fortinet is a global cybersecurity leader focused on the convergence of networking and security, best known for its FortiGate firewall platform and the unified FortiOS operating system. The company has positioned itself around the idea that network security is foundational to AI security, and recent product announcements — including new AI-focused security services and a collaboration with Oracle — underscore that emphasis.
In recent weeks, FTNT delivered third-quarter results that beat consensus estimates for both earnings per share (EPS) and revenue. Revenue rose roughly 20% year over year, product revenue grew about 37%, and billings increased 29%. Despite the headline beats, the stock sold off sharply. Investors focused on slower service revenue growth, a modest cut to full-year service revenue guidance, and gross margin contraction, with much of the billings growth attributed to price increases rather than volume. The shares, which had traded near a 52-week high, pulled back materially in a single session and remain well below that peak, even as the stock has retained a substantial gain over the trailing 12 months.
SHOP Overview and Recent Performance
Shopify is a commerce technology company that provides merchants with tools to build online stores, manage payments, and sell across multiple channels. Its platform spans subscription software and merchant solutions such as payments and shipping, and it has leaned into AI and "agentic commerce" through initiatives like integrating Shop Pay with Meta's Muse shopping agent.
In recent market activity, SHOP has demonstrated strong momentum. Revenue grew roughly 34% year over year in both the first and second quarters of 2026, and gross merchandise volume (GMV) — the total value of goods sold across its platform — also rose at a double-digit pace. The company recently raised prices on certain subscription plans, a move analysts viewed as evidence of pricing power with limited expected churn. The stock climbed to a record high in early October before pulling back roughly 10% or more as elevated valuation and pre-earnings caution set in. On a year-to-date basis, gains have been more modest, reflecting a stock that has re-rated significantly even as fundamentals improve.
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Head-to-Head Comparison
The two companies diverge sharply in business model and risk profile. Fortinet generates a meaningful portion of growth from hardware and security appliances, where product cyclicality and component costs can pressure margins. Shopify, by contrast, is a software and payments platform with a more recurring, transaction-linked revenue stream and higher operating leverage, but it carries a materially richer valuation — its trailing price-to-earnings (P/E) ratio is far above Fortinet's.
On growth, Shopify holds the advantage, with revenue expanding at a 30%+ clip versus Fortinet's roughly 20% growth. However, Fortinet offers higher operating margins and stronger free cash flow, along with an active share repurchase program. On momentum and sentiment, both stocks pulled back in recent weeks, but Shopify's technical structure — trading above key moving averages with an intact longer-term uptrend — appears more resilient than Fortinet's, which broke below a rising trendline following its post-earnings gap down. Sector exposure also differs: Fortinet is tied to cybersecurity spending cycles, while Shopify is linked to consumer commerce and merchant adoption of AI tools.
Tickeron AI Verdict
Based on observable factors such as trend consistency, growth momentum, technical structure, and analyst positioning, Tickeron's AI would currently lean toward SHOP as the comparatively stronger candidate. Shopify's uptrend has remained more intact despite recent profit-taking, its revenue growth is substantially faster, and it enjoys a predominantly favorable analyst consensus, whereas Fortinet's recent post-earnings breakdown, services revenue slowdown, and price-driven growth introduce greater near-term uncertainty. This verdict is probabilistic in nature and reflects relative positioning rather than a definitive forecast of future returns.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
To compare these two companies we present long-term analysis, their fundamental ratings and make comparative short-term technical analysis which are presented below. The conclusion is FTNT is a StrongBuy and SHOP is a Hold.
FTNT in upward trend: price may ascend as a result of having broken its lower Bollinger Band on October 29, 2026
FTNT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In 34 of 41 cases where FTNT's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are 83%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator shows that the ticker has stayed in the oversold zone for 5 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an Uptrend is expected.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 4 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a +2.52% 3-day Advance, the price is estimated to grow further. Considering data from situations where FTNT advanced for three days, in 226 of 329 cases, the price rose further within the following month. The odds of a continued upward trend are 69%.
The Aroon Indicator entered an Uptrend today. In 169 of 221 cases where FTNT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 76%.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on October 16, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on FTNT as a result. In 60 of 87 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 69%.
The Moving Average Convergence Divergence Histogram (MACD) for FTNT turned negative on October 15, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 56 similar instances when the indicator turned negative. In 38 of the 56 cases the stock turned lower in the days that followed. This puts the odds of success at 68%.
FTNT moved below its 50-day moving average on October 29, 2026 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for FTNT crossed bearishly below the 50-day moving average on October 30, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 14 of 19 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 74%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where FTNT declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 64%.
Fundamental Analysis (Ratings)
The Tickeron SMR rating for this company is 12 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is 19 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Seasonality Score of 36 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Profit vs. Risk Rating rating for this company is 48 (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 92, placing this stock slightly better than average.
The Tickeron Price Growth Rating for this company is 61 (best 1 - 100 worst), indicating steady price growth. FTNT’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of 94 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (57.951) is normal, around the industry mean (16.722). P/E Ratio (42.836) is within average values for comparable stocks, (53.333). Projected Growth (PEG Ratio) (1.939) is also within normal values, averaging (3.648). Dividend Yield (0.000) settles around the average of (0.371) among similar stocks. P/S Ratio (17.065) is also within normal values, averaging (103.889).
SHOP in -9.47% downward trend, sliding for three consecutive days on November 03, 2026
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where SHOP declined for three days, in 228 of 308 cases, the price declined further within the following month. The odds of a continued downward trend are 74%.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on October 23, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on SHOP as a result. In 65 of 90 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 72%.
The Moving Average Convergence Divergence Histogram (MACD) for SHOP turned negative on October 22, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 52 similar instances when the indicator turned negative. In 38 of the 52 cases the stock turned lower in the days that followed. This puts the odds of success at 73%.
SHOP moved below its 50-day moving average on November 05, 2026 date and that indicates a change from an upward trend to a downward trend.
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where SHOP's RSI Oscillator exited the oversold zone, 27 of 30 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 90%.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 7 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a +1.89% 3-day Advance, the price is estimated to grow further. Considering data from situations where SHOP advanced for three days, in 253 of 311 cases, the price rose further within the following month. The odds of a continued upward trend are 81%.
SHOP may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In 181 of 210 cases where SHOP Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 86%.
Fundamental Analysis (Ratings)
The Tickeron Seasonality Score of 39 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Price Growth Rating for this company is 47 (best 1 - 100 worst), indicating steady price growth. SHOP’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 55 (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is 73 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of 92 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (14.582) is normal, around the industry mean (-2.526). P/E Ratio (96.477) is within average values for comparable stocks, (15.160). Projected Growth (PEG Ratio) (1.734) is also within normal values, averaging (2.824). Dividend Yield (0.000) settles around the average of (0.069) among similar stocks. P/S Ratio (12.755) is also within normal values, averaging (70.854).
The Tickeron Profit vs. Risk Rating rating for this company is 96 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. SHOP’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 94, placing this stock worse than average.
FTNT | SHOP | ||
|---|---|---|---|
OUTLOOK RATING 1..100 | 64 | 73 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 94 Overvalued | 92 Overvalued | |
PROFIT vs RISK RATING 1..100 | 48 | 96 | |
SMR RATING 1..100 | 12 | 55 | |
PRICE GROWTH RATING 1..100 | 61 | 47 | |
P/E GROWTH RATING 1..100 | 19 | 73 | |
SEASONALITY SCORE 1..100 | 36 | 39 |
Tickeron ratings are formulated such that a rating of 1 designates the most successful stocks in a given industry, while a rating of 100 points to the least successful stocks for that industry.
SHOP's Valuation (92) in the Information Technology Services industry is in the same range as FTNT (94) in the Computer Communications industry. This means that SHOP’s stock grew similarly to FTNT’s over the last 12 months.
FTNT's Profit vs Risk Rating (48) in the Computer Communications industry is somewhat better than the same rating for SHOP (96) in the Information Technology Services industry. This means that FTNT’s stock grew somewhat faster than SHOP’s over the last 12 months.
FTNT's SMR Rating (12) in the Computer Communications industry is somewhat better than the same rating for SHOP (55) in the Information Technology Services industry. This means that FTNT’s stock grew somewhat faster than SHOP’s over the last 12 months.
SHOP's Price Growth Rating (47) in the Information Technology Services industry is in the same range as FTNT (61) in the Computer Communications industry. This means that SHOP’s stock grew similarly to FTNT’s over the last 12 months.
FTNT's P/E Growth Rating (19) in the Computer Communications industry is somewhat better than the same rating for SHOP (73) in the Information Technology Services industry. This means that FTNT’s stock grew somewhat faster than SHOP’s over the last 12 months.
| FTNT | SHOP | |
|---|---|---|
| RSI ODDS (%) | 2 days ago 78% | 2 days ago 90% |
| Stochastic ODDS (%) | 2 days ago 74% | 2 days ago 82% |
| Momentum ODDS (%) | 2 days ago 69% | 2 days ago 72% |
| MACD ODDS (%) | 2 days ago 68% | 2 days ago 73% |
| TrendWeek ODDS (%) | 2 days ago 63% | 2 days ago 75% |
| TrendMonth ODDS (%) | 2 days ago 66% | 2 days ago 74% |
| Advances ODDS (%) | 3 days ago 69% | 17 days ago 81% |
| Declines ODDS (%) | 5 days ago 64% | 4 days ago 74% |
| BollingerBands ODDS (%) | 2 days ago 83% | 2 days ago 90% |
| Aroon ODDS (%) | 2 days ago 76% | 2 days ago 86% |
Long-Term Analysis
It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is overvalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).
FTNT’s FA Score shows that 2 FA rating(s) are green while SHOP’s FA Score has 0 green FA rating(s).
- FTNT’s FA Score: 2 green, 3 red.
- SHOP’s FA Score: 0 green, 5 red.
Short-Term Analysis
It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.
If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.
FTNT’s TA Score shows that 5 TA indicator(s) are bullish while SHOP’s TA Score has 5 bullish TA indicator(s).
- FTNT’s TA Score: 5 bullish, 5 bearish.
- SHOP’s TA Score: 5 bullish, 4 bearish.
Price Growth
FTNT (@Computer Communications) experienced а -11.93% price change this week, while SHOP (@Packaged Software) price change was -13.87% for the same time period.
The average weekly price growth across all stocks in the @Computer Communications industry was +1.07%. For the same industry, the average monthly price growth was -10.70%, and the average quarterly price growth was -3.77%.
The average weekly price growth across all stocks in the @Packaged Software industry was -2.46%. For the same industry, the average monthly price growth was -5.68%, and the average quarterly price growth was -4.64%.
Reported Earning Dates
FTNT is expected to report earnings on Feb 09, 2027.
SHOP is expected to report earnings on Feb 17, 2027.
Industries' Descriptions
@Computer Communications (+1.07% weekly)Computer communications industry develops technology that allows computing devices to exchange data with each other using connections/data links between nodes. Common types of computer network include Cloud (IAN), Internet, Wide (WAN, Local (LAN)/Wireless(WLAN) etc. The industry is an ever-more important part of technology, and is set to become even bigger as the Internet of Things (IoT) rapidly forays into the various aspects of our lives. Cisco Systems, Inc., Palo Alto Networks, Inc. and Arista Networks, Inc., Fortinet, Inc. are some of the major computer communications companies.
@Packaged Software (-2.46% weekly)Packaged software comprises multiple software programs bundled together and sold as a group. For example, Microsoft Office includes multiple applications such as Excel, Word, and PowerPoint. In some cases, buying a bundled product is cheaper than purchasing each item individually[s20] . Microsoft Corporation, Oracle Corp. and Adobe are some major American packaged software makers.
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FTNT and
Correlation & Price change
A.I.dvisor indicates that over the last year, FTNT has been closely correlated with CRWD. These tickers have moved in lockstep 75% of the time. This A.I.-generated data suggests there is a high statistical probability that if FTNT jumps, then CRWD could also see price increases.
| Ticker / NAME | Correlation To FTNT | 1D Price Change % | ||
|---|---|---|---|---|
| FTNT | 100% | -5.32% | ||
| CRWD - FTNT | 75% Closely correlated | -9.88% | ||
| PANW - FTNT | 71% Closely correlated | -9.59% | ||
| SHOP - FTNT | 65% Loosely correlated | -6.06% | ||
| DT - FTNT | 64% Loosely correlated | -6.58% | ||
| RBRK - FTNT | 60% Loosely correlated | -11.14% | ||
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SHOP and
Correlation & Price change
A.I.dvisor indicates that over the last year, SHOP has been closely correlated with COIN. These tickers have moved in lockstep 67% of the time. This A.I.-generated data suggests there is a high statistical probability that if SHOP jumps, then COIN could also see price increases.
| Ticker / NAME | Correlation To SHOP | 1D Price Change % | ||
|---|---|---|---|---|
| SHOP | 100% | -6.06% | ||
| COIN - SHOP | 67% Closely correlated | -9.69% | ||
| CLSK - SHOP | 64% Loosely correlated | -16.47% | ||
| RIOT - SHOP | 62% Loosely correlated | -3.97% | ||
| FTNT - SHOP | 62% Loosely correlated | -5.32% | ||
| PAYO - SHOP | 58% Loosely correlated | +0.14% | ||
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