Fortinet vs Datadog
Global cybersecurity company offering firewalls and cloud security services vs Enterprise cloud monitoring and analytics platform. Which is the better buy for your portfolio in July 2026? Plain-English answer below.
Fortinet sells integrated network security hardware and software to enterprises that value control and consolidation, while Datadog built a cloud-native observability platform that developers and ops teams can't seem to stop expanding usage of. Both are chasing the same corporate IT budget, and both post impressive revenue retention metrics that make their growth stories credible. The Fortinet vs Datadog comparison digs into how each company's go-to-market model, margin structure, and competitive positioning play out in the current spending environment.
Fortinet sells integrated network security hardware and software to enterprises that value control and consolidation, while Datadog built a cloud-native observability platform that developers and ops ...
Why It’s Moving
Fortinet is moving as analysts weigh strong execution against a still-cautious consensus.
- Analyst sentiment remains mixed, with most firms still rating Fortinet around Hold even as a few recent target hikes show confidence in its execution and market position.
- The stock’s move is being driven more by the gap between share performance and analyst expectations than by a fresh company-specific catalyst in the past week.
- Recent guidance and margin strength from the latest earnings cycle continue to frame the debate, keeping investors focused on whether growth can stay strong enough to justify the valuation.
Datadog stays in the spotlight as analysts back its growth story despite a mixed target range.
- Analyst sentiment remains broadly constructive, with multiple firms maintaining or upgrading Datadog in recent weeks, signaling confidence in its cloud-monitoring demand and recurring software revenue.
- Recent price-target moves have been mixed, but several bullish calls from June and early July suggest investors are still focused on Datadog’s ability to sustain growth and convert AI-driven cloud activity into higher usage.
- The stock is trading against a wide range of analyst targets, which keeps it sensitive to any fresh earnings surprises, guidance updates, or sector rotations in infrastructure software.
Fortinet is moving as analysts weigh strong execution against a still-cautious consensus.
- Analyst sentiment remains mixed, with most firms still rating Fortinet around Hold even as a few recent target hikes show confidence in its execution and market position.
- The stock’s move is being driven more by the gap between share performance and analyst expectations than by a fresh company-specific catalyst in the past week.
- Recent guidance and margin strength from the latest earnings cycle continue to frame the debate, keeping investors focused on whether growth can stay strong enough to justify the valuation.
Datadog stays in the spotlight as analysts back its growth story despite a mixed target range.
- Analyst sentiment remains broadly constructive, with multiple firms maintaining or upgrading Datadog in recent weeks, signaling confidence in its cloud-monitoring demand and recurring software revenue.
- Recent price-target moves have been mixed, but several bullish calls from June and early July suggest investors are still focused on Datadog’s ability to sustain growth and convert AI-driven cloud activity into higher usage.
- The stock is trading against a wide range of analyst targets, which keeps it sensitive to any fresh earnings surprises, guidance updates, or sector rotations in infrastructure software.
Investment Analysis
Fortinet
FTNT
Pros
- Fortinet has a strong market capitalisation of approximately $61 billion and reported annual revenue of $6.55 billion, reflecting solid business scale.
- The company specializes in converged networking and cybersecurity solutions, positioning it well in a critical and growing market segment.
- Fortinet maintains a relatively moderate stock volatility of about 6.49%, indicating lower share price fluctuation compared to peers like Datadog.
Considerations
- The stock currently has an analyst consensus of 'Hold' with limited upside potential, reflecting moderate market expectations.
- Its price-to-earnings ratio around 32.8 suggests the stock might be fairly valued or slightly expensive relative to earnings.
- Fortinet’s stock has seen a significant drawdown historically, with past declines over 50%, indicating potential downside risk during adverse market conditions.
Datadog
DDOG
Pros
- Datadog operates as a leading provider of observability and security for cloud-based applications, a rapidly expanding technology area.
- Despite higher volatility than Fortinet, Datadog's recent year-to-date performance has been strong, showing robust investor interest and growth potential.
- The company benefits from industry trends towards cloud migration and increasing IT infrastructure complexity, supporting long-term growth.
Considerations
- Datadog’s stock exhibits significantly higher volatility, about 11.87%, creating greater investment risk from price swings.
- The company has experienced large historical drawdowns exceeding 65%, highlighting possible vulnerability to market corrections or sector shifts.
- Its stock price is negatively impacted by recent market sentiment and technical indicators, suggesting some current weakness or uncertainty.
Fortinet (FTNT) Next Earnings Date
Fortinet’s next earnings date is expected on July 29, 2026. The upcoming report should cover Q2 2026 results. This date is based on the company’s announced earnings call schedule and aligns with the usual late-July reporting pattern for Fortinet.
Datadog (DDOG) Next Earnings Date
Datadog’s next earnings date is estimated for August 6, 2026. Based on the company’s normal reporting schedule, this release should cover Q2 2026. The company has not formally confirmed the date yet, but current market calendars consistently point to early August.
Fortinet (FTNT) Next Earnings Date
Fortinet’s next earnings date is expected on July 29, 2026. The upcoming report should cover Q2 2026 results. This date is based on the company’s announced earnings call schedule and aligns with the usual late-July reporting pattern for Fortinet.
Datadog (DDOG) Next Earnings Date
Datadog’s next earnings date is estimated for August 6, 2026. Based on the company’s normal reporting schedule, this release should cover Q2 2026. The company has not formally confirmed the date yet, but current market calendars consistently point to early August.
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