CGNT vs. SCWX, DDD, BAND, MGIC, WEAV, LAW, BBAI, CCSI, WKME, and MIXT
Should you be buying Cognyte Software stock or one of its competitors? The main competitors of Cognyte Software include SecureWorks (SCWX), 3D Systems (DDD), Bandwidth (BAND), Magic Software Enterprises (MGIC), Weave Communications (WEAV), CS Disco (LAW), BigBear.ai (BBAI), Consensus Cloud Solutions (CCSI), WalkMe (WKME), and MiX Telematics (MIXT). These companies are all part of the "prepackaged software" industry.
Cognyte Software (NASDAQ:CGNT) and SecureWorks (NASDAQ:SCWX) are both small-cap computer and technology companies, but which is the better investment? We will compare the two businesses based on the strength of their earnings, analyst recommendations, valuation, institutional ownership, media sentiment, community ranking, dividends, risk and profitability.
Cognyte Software has a beta of 1.72, suggesting that its share price is 72% more volatile than the S&P 500. Comparatively, SecureWorks has a beta of 0.99, suggesting that its share price is 1% less volatile than the S&P 500.
In the previous week, Cognyte Software had 1 more articles in the media than SecureWorks. MarketBeat recorded 3 mentions for Cognyte Software and 2 mentions for SecureWorks. SecureWorks' average media sentiment score of 0.53 beat Cognyte Software's score of 0.51 indicating that SecureWorks is being referred to more favorably in the news media.
Cognyte Software presently has a consensus target price of $7.75, suggesting a potential upside of 0.91%. SecureWorks has a consensus target price of $7.08, suggesting a potential upside of 15.36%. Given SecureWorks' higher probable upside, analysts clearly believe SecureWorks is more favorable than Cognyte Software.
SecureWorks received 89 more outperform votes than Cognyte Software when rated by MarketBeat users. Likewise, 57.14% of users gave SecureWorks an outperform vote while only 56.25% of users gave Cognyte Software an outperform vote.
72.9% of Cognyte Software shares are owned by institutional investors. Comparatively, 14.4% of SecureWorks shares are owned by institutional investors. 81.5% of SecureWorks shares are owned by 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.
Cognyte Software has higher earnings, but lower revenue than SecureWorks. Cognyte Software is trading at a lower price-to-earnings ratio than SecureWorks, indicating that it is currently the more affordable of the two stocks.
Cognyte Software has a net margin of -4.97% compared to SecureWorks' net margin of -23.52%. SecureWorks' return on equity of -9.56% beat Cognyte Software's return on equity.
Summary
Cognyte Software beats SecureWorks on 9 of the 17 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding CGNT 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.
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