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.
Synopsys (NASDAQ:SNPS) and Cloudflare (NYSE:NET) are both large-cap computer and technology companies, but which is the superior investment? We will compare the two businesses based on the strength of their valuation, institutional ownership, analyst recommendations, media sentiment, community ranking, profitability, earnings, dividends and risk.
Synopsys has a beta of 1.07, indicating that its stock price is 7% more volatile than the S&P 500. Comparatively, Cloudflare has a beta of 1.15, indicating that its stock price is 15% more volatile than the S&P 500.
In the previous week, Cloudflare had 1 more articles in the media than Synopsys. MarketBeat recorded 20 mentions for Cloudflare and 19 mentions for Synopsys. Cloudflare's average media sentiment score of 0.52 beat Synopsys' score of 0.28 indicating that Synopsys is being referred to more favorably in the media.
85.5% of Synopsys shares are held by institutional investors. Comparatively, 82.7% of Cloudflare shares are held by institutional investors. 0.7% of Synopsys shares are held by company insiders. Comparatively, 12.8% of Cloudflare shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.
Synopsys currently has a consensus target price of $616.18, suggesting a potential upside of 9.88%. Cloudflare has a consensus target price of $91.09, suggesting a potential upside of 34.56%. Given Synopsys' 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.
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 Synopsys' net margin of -13.10%. Cloudflare's return on equity of 22.66% beat Synopsys' return on equity.
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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