NET vs. SNPS, CRWD, CDNS, SHOP, NTES, SNOW, PLTR, ADSK, TEAM, and DDOG
Should you be buying Cloudflare stock or one of its competitors? The main competitors of Cloudflare include Synopsys (SNPS), CrowdStrike (CRWD), Cadence Design Systems (CDNS), Shopify (SHOP), NetEase (NTES), Snowflake (SNOW), Palantir Technologies (PLTR), Autodesk (ADSK), Atlassian (TEAM), and Datadog (DDOG). These companies are all part of the "prepackaged software" industry.
Cloudflare (NYSE:NET) and Synopsys (NASDAQ:SNPS) are both large-cap computer and technology companies, but which is the better investment? We will compare the two companies based on the strength of their earnings, valuation, community ranking, media sentiment, institutional ownership, risk, profitability, analyst recommendations and dividends.
Cloudflare has a beta of 1.15, suggesting that its stock price is 15% more volatile than the S&P 500. Comparatively, Synopsys has a beta of 1.07, suggesting that its stock price is 7% more volatile than the S&P 500.
Synopsys has higher revenue and earnings than Cloudflare. Cloudflare is trading at a lower price-to-earnings ratio than Synopsys, indicating that it is currently the more affordable of the two stocks.
Synopsys has a net margin of 23.05% compared to Cloudflare's net margin of -13.10%. Synopsys' return on equity of 22.66% beat Cloudflare's return on equity.
Cloudflare currently has a consensus price target of $91.09, indicating a potential upside of 34.56%. Synopsys has a consensus price target of $616.18, indicating a potential upside of 9.88%. Given Cloudflare's higher possible upside, analysts plainly believe Cloudflare is more favorable than Synopsys.
Synopsys received 642 more outperform votes than Cloudflare when rated by MarketBeat users. Likewise, 72.21% of users gave Synopsys an outperform vote while only 51.18% of users gave Cloudflare an outperform vote.
82.7% of Cloudflare shares are held by institutional investors. Comparatively, 85.5% of Synopsys shares are held by institutional investors. 12.8% of Cloudflare shares are held by insiders. Comparatively, 0.7% of Synopsys shares are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.
In the previous week, Cloudflare had 1 more articles in the media than Synopsys. MarketBeat recorded 21 mentions for Cloudflare and 20 mentions for Synopsys. Synopsys' average media sentiment score of 0.43 beat Cloudflare's score of 0.38 indicating that Synopsys is being referred to more favorably in the news media.
Summary
Synopsys beats Cloudflare on 12 of the 17 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding NET 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 NYSE 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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