CCOI vs. IRDM, ORBC, WIFI, SATS, CALX, ASTS, GSAT, GOGO, SLAM, and SPIR
Should you be buying Cogent Communications stock or one of its competitors? The main competitors of Cogent Communications include Iridium Communications (IRDM), ORBCOMM (ORBC), Boingo Wireless (WIFI), EchoStar (SATS), Calix (CALX), AST SpaceMobile (ASTS), Globalstar (GSAT), Gogo (GOGO), Slam (SLAM), and Spire Global (SPIR).
Cogent Communications (NASDAQ:CCOI) and Iridium Communications (NASDAQ:IRDM) are both mid-cap computer and technology companies, but which is the better stock? We will compare the two businesses based on the strength of their risk, profitability, analyst recommendations, institutional ownership, media sentiment, community ranking, dividends, valuation and earnings.
Cogent Communications has a net margin of 114.09% compared to Iridium Communications' net margin of 3.20%. Iridium Communications' return on equity of 2.76% beat Cogent Communications' return on equity.
Cogent Communications presently has a consensus price target of $75.14, suggesting a potential upside of 26.89%. Iridium Communications has a consensus price target of $44.75, suggesting a potential upside of 48.62%. Given Iridium Communications' stronger consensus rating and higher possible upside, analysts plainly believe Iridium Communications is more favorable than Cogent Communications.
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 is clearly the better dividend stock, given its higher yield and lower payout ratio.
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 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.
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. Iridium Communications' average media sentiment score of 1.32 beat Cogent Communications' score of 0.95 indicating that Iridium Communications is being referred to more favorably in the news media.
92.4% of Cogent Communications shares are held by institutional investors. Comparatively, 84.4% of Iridium Communications shares are held by institutional investors. 11.4% of Cogent Communications shares are held by company insiders. Comparatively, 2.0% of Iridium Communications shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.
Cogent Communications has a beta of 0.39, indicating that its stock price is 61% less volatile than the S&P 500. Comparatively, Iridium Communications has a beta of 0.78, indicating that its stock price is 22% less volatile than the S&P 500.
Summary
Cogent Communications beats Iridium Communications on 12 of the 21 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding CCOI and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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