VEEV vs. SNPS, CDNS, SHOP, CRWD, NTES, PLTR, SNOW, ADSK, TEAM, and SQ
Should you be buying Veeva Systems stock or one of its competitors? The main competitors of Veeva Systems include Synopsys (SNPS), Cadence Design Systems (CDNS), Shopify (SHOP), CrowdStrike (CRWD), NetEase (NTES), Palantir Technologies (PLTR), Snowflake (SNOW), Autodesk (ADSK), Atlassian (TEAM), and Block (SQ). These companies are all part of the "prepackaged software" industry.
Veeva Systems (NYSE:VEEV) and Synopsys (NASDAQ:SNPS) are both large-cap computer and technology companies, but which is the superior stock? We will compare the two companies based on the strength of their earnings, analyst recommendations, community ranking, media sentiment, institutional ownership, risk, valuation, profitability and dividends.
Veeva Systems has a beta of 0.76, indicating that its share price is 24% less volatile than the S&P 500. Comparatively, Synopsys has a beta of 1.07, indicating that its share price is 7% more volatile than the S&P 500.
Synopsys received 112 more outperform votes than Veeva Systems when rated by MarketBeat users. Likewise, 72.21% of users gave Synopsys an outperform vote while only 69.63% of users gave Veeva Systems an outperform vote.
In the previous week, Veeva Systems had 22 more articles in the media than Synopsys. MarketBeat recorded 41 mentions for Veeva Systems and 19 mentions for Synopsys. Synopsys' average media sentiment score of 0.52 beat Veeva Systems' score of 0.19 indicating that Synopsys is being referred to more favorably in the news media.
Veeva Systems currently has a consensus price target of $228.65, indicating a potential upside of 31.22%. Synopsys has a consensus price target of $616.18, indicating a potential upside of 9.88%. Given Veeva Systems' higher probable upside, research analysts clearly believe Veeva Systems is more favorable than Synopsys.
88.2% of Veeva Systems shares are held by institutional investors. Comparatively, 85.5% of Synopsys shares are held by institutional investors. 10.5% of Veeva Systems 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 stock is poised for long-term growth.
Synopsys has a net margin of 23.05% compared to Veeva Systems' net margin of 22.34%. Synopsys' return on equity of 22.66% beat Veeva Systems' return on equity.
Synopsys has higher revenue and earnings than Veeva Systems. Veeva Systems is trading at a lower price-to-earnings ratio than Synopsys, indicating that it is currently the more affordable of the two stocks.
Summary
Synopsys beats Veeva Systems on 13 of the 18 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding VEEV 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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