CDNS vs. SNPS, PLTR, ADSK, EA, ANSS, MSTR, TYL, OKTA, PAYC, and INTU
Should you be buying Cadence Design Systems stock or one of its competitors? The main competitors of Cadence Design Systems include Synopsys (SNPS), Palantir Technologies (PLTR), Autodesk (ADSK), Electronic Arts (EA), ANSYS (ANSS), MicroStrategy (MSTR), Tyler Technologies (TYL), Okta (OKTA), Paycom Software (PAYC), and Intuit (INTU). These companies are all part of the "prepackaged software" industry.
Synopsys (NASDAQ:SNPS) and Cadence Design Systems (NASDAQ:CDNS) are both large-cap computer and technology companies, but which is the better investment? We will compare the two businesses based on the strength of their earnings, community ranking, dividends, media sentiment, valuation, profitability, institutional ownership, risk and analyst recommendations.
In the previous week, Cadence Design Systems had 4 more articles in the media than Synopsys. MarketBeat recorded 16 mentions for Cadence Design Systems and 12 mentions for Synopsys. Cadence Design Systems' average media sentiment score of 1.03 beat Synopsys' score of 0.59 indicating that Synopsys is being referred to more favorably in the media.
Synopsys currently has a consensus target price of $601.00, suggesting a potential upside of 5.57%. Cadence Design Systems has a consensus target price of $326.11, suggesting a potential upside of 12.87%. Given Synopsys' higher possible upside, analysts plainly believe Cadence Design Systems is more favorable than Synopsys.
Synopsys received 244 more outperform votes than Cadence Design Systems when rated by MarketBeat users. Likewise, 72.09% of users gave Synopsys an outperform vote while only 71.14% of users gave Cadence Design Systems an outperform vote.
Synopsys has higher revenue and earnings than Cadence Design Systems. Synopsys is trading at a lower price-to-earnings ratio than Cadence Design Systems, indicating that it is currently the more affordable of the two stocks.
85.5% of Synopsys shares are held by institutional investors. Comparatively, 84.9% of Cadence Design Systems shares are held by institutional investors. 0.7% of Synopsys shares are held by insiders. Comparatively, 0.6% of Cadence Design Systems shares are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.
Cadence Design Systems has a net margin of 25.68% compared to Cadence Design Systems' net margin of 22.96%. Synopsys' return on equity of 32.44% beat Cadence Design Systems' return on equity.
Synopsys has a beta of 1.07, meaning that its stock price is 7% more volatile than the S&P 500. Comparatively, Cadence Design Systems has a beta of 1.06, meaning that its stock price is 6% more volatile than the S&P 500.
Summary
Synopsys beats Cadence Design Systems on 11 of the 18 factors compared between the two stocks.
Get Cadence Design Systems News Delivered to You Automatically
Sign up to receive the latest news and ratings for CDNS and its competitors with MarketBeat's FREE daily newsletter.
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.
This 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.
Cadence Design Systems Competitors List
Related Companies and Tools
