CDNS vs. CRWD, PLTR, DDOG, EA, CRM, ADBE, INTU, SNPS, WDAY, and ADSK
Should you be buying Cadence Design Systems stock or one of its competitors? The main competitors of Cadence Design Systems include CrowdStrike (CRWD), Palantir Technologies (PLTR), Datadog (DDOG), Electronic Arts (EA), Salesforce (CRM), Adobe (ADBE), Intuit (INTU), Synopsys (SNPS), Workday (WDAY), and Autodesk (ADSK).
Cadence Design Systems (NASDAQ:CDNS) and CrowdStrike (NASDAQ:CRWD) are both large-cap computer and technology companies, but which is the superior investment? We will contrast the two companies based on the strength of their profitability, media sentiment, institutional ownership, risk, dividends, community ranking, analyst recommendations, earnings and valuation.
Cadence Design Systems received 121 more outperform votes than CrowdStrike when rated by MarketBeat users. Likewise, 71.21% of users gave Cadence Design Systems an outperform vote while only 67.67% of users gave CrowdStrike an outperform vote.
In the previous week, CrowdStrike had 37 more articles in the media than Cadence Design Systems. MarketBeat recorded 52 mentions for CrowdStrike and 15 mentions for Cadence Design Systems. Cadence Design Systems' average media sentiment score of 0.82 beat CrowdStrike's score of 0.60 indicating that Cadence Design Systems is being referred to more favorably in the media.
Cadence Design Systems currently has a consensus price target of $331.11, suggesting a potential upside of 15.65%. CrowdStrike has a consensus price target of $373.95, suggesting a potential upside of 19.22%. Given CrowdStrike's stronger consensus rating and higher possible upside, analysts clearly believe CrowdStrike is more favorable than Cadence Design Systems.
84.8% of Cadence Design Systems shares are held by institutional investors. Comparatively, 71.2% of CrowdStrike shares are held by institutional investors. 2.0% of Cadence Design Systems shares are held by insiders. Comparatively, 4.3% of CrowdStrike shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.
Cadence Design Systems has a beta of 1.06, indicating that its stock price is 6% more volatile than the S&P 500. Comparatively, CrowdStrike has a beta of 1.08, indicating that its stock price is 8% more volatile than the S&P 500.
Cadence Design Systems has a net margin of 25.68% compared to CrowdStrike's net margin of 2.92%. Cadence Design Systems' return on equity of 32.44% beat CrowdStrike's return on equity.
Cadence Design Systems has higher revenue and earnings than CrowdStrike. Cadence Design Systems is trading at a lower price-to-earnings ratio than CrowdStrike, indicating that it is currently the more affordable of the two stocks.
Summary
Cadence Design Systems beats CrowdStrike on 10 of the 18 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding CDNS and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
Skip ChartThis 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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