IRDM vs. CCOI, LITE, ESE, VCRA, NSSC, ORBC, PWFL, HEAR, ITI, and REKR
Should you be buying Iridium Communications stock or one of its competitors? The main competitors of Iridium Communications include Cogent Communications (CCOI), Lumentum (LITE), ESCO Technologies (ESE), Vocera Communications (VCRA), Napco Security Technologies (NSSC), ORBCOMM (ORBC), PowerFleet (PWFL), Turtle Beach (HEAR), Iteris (ITI), and Rekor Systems (REKR).
Cogent Communications (NASDAQ:CCOI) and Iridium Communications (NASDAQ:IRDM) are both mid-cap computer and technology companies, but which is the superior business? We will contrast the two companies based on the strength of their risk, dividends, profitability, valuation, community ranking, institutional ownership, earnings, media sentiment and analyst recommendations.
Cogent Communications received 10 more outperform votes than Iridium Communications when rated by MarketBeat users. Likewise, 61.63% of users gave Cogent Communications an outperform vote while only 58.76% of users gave Iridium Communications an outperform vote.
92.4% of Cogent Communications shares are owned by institutional investors. Comparatively, 84.4% of Iridium Communications shares are owned by institutional investors. 11.4% of Cogent Communications shares are owned by company insiders. Comparatively, 2.0% of Iridium Communications shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.
Cogent Communications has a net margin of 114.09% compared to Cogent Communications' net margin of 3.20%. Cogent Communications' return on equity of 2.76% beat Iridium Communications' return on equity.
Cogent Communications has higher revenue and earnings than Iridium Communications. Cogent Communications is trading at a lower price-to-earnings ratio than Iridium Communications, indicating that it is currently the more affordable of the two stocks.
Cogent Communications pays an annual dividend of $3.90 per share and has a dividend yield of 6.6%. Iridium Communications pays an annual dividend of $0.52 per share and has a dividend yield of 1.7%. Cogent Communications pays out 15.5% of its earnings in the form of a dividend. Iridium Communications pays out 247.6% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Cogent Communications has raised its dividend for 13 consecutive years. Cogent Communications is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.
Cogent Communications has a beta of 0.39, meaning that its stock price is 61% less volatile than the S&P 500. Comparatively, Iridium Communications has a beta of 0.78, meaning that its stock price is 22% less volatile than the S&P 500.
In the previous week, Cogent Communications had 1 more articles in the media than Iridium Communications. MarketBeat recorded 4 mentions for Cogent Communications and 3 mentions for Iridium Communications. Cogent Communications' average media sentiment score of 1.32 beat Iridium Communications' score of 0.95 indicating that Iridium Communications is being referred to more favorably in the news media.
Cogent Communications currently has a consensus target price of $75.14, suggesting a potential upside of 26.89%. Iridium Communications has a consensus target price of $44.75, suggesting a potential upside of 48.62%. Given Cogent Communications' stronger consensus rating and higher possible upside, analysts plainly believe Iridium Communications is more favorable than Cogent Communications.
Summary
Cogent Communications beats Iridium Communications on 13 of the 22 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding IRDM and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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