SNPS vs. CDNS, PLTR, ADSK, EA, ANSS, MSTR, IBM, OKTA, DOCU, and INTU
Should you be buying Synopsys stock or one of its competitors? The main competitors of Synopsys include Cadence Design Systems (CDNS), Palantir Technologies (PLTR), Autodesk (ADSK), Electronic Arts (EA), ANSYS (ANSS), MicroStrategy (MSTR), International Business Machines (IBM), Okta (OKTA), DocuSign (DOCU), and Intuit (INTU).
Cadence Design Systems (NASDAQ:CDNS) and Synopsys (NASDAQ:SNPS) are both large-cap computer and technology companies, but which is the better investment? We will contrast the two businesses based on the strength of their valuation, earnings, dividends, community ranking, media sentiment, profitability, risk, institutional ownership and analyst recommendations.
84.9% of Cadence Design Systems shares are held by institutional investors. Comparatively, 85.5% of Synopsys shares are held by institutional investors. 2.0% of Cadence Design Systems shares are held by insiders. Comparatively, 0.7% of Synopsys shares are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.
Synopsys received 243 more outperform votes than Cadence Design Systems when rated by MarketBeat users. Likewise, 72.09% of users gave Synopsys an outperform vote while only 71.18% of users gave Cadence Design Systems an outperform vote.
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 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.
In the previous week, Cadence Design Systems had 14 more articles in the media than Synopsys. MarketBeat recorded 29 mentions for Cadence Design Systems and 15 mentions for Synopsys. Cadence Design Systems' average media sentiment score of 0.89 beat Synopsys' score of 0.54 indicating that Synopsys is being referred to more favorably in the news media.
Cadence Design Systems has a beta of 1.06, indicating that its stock price is 6% more volatile than the S&P 500. Comparatively, Synopsys has a beta of 1.07, indicating that its stock price is 7% more volatile than the S&P 500.
Cadence Design Systems currently has a consensus target price of $326.11, indicating a potential upside of 12.92%. Synopsys has a consensus target price of $601.00, indicating a potential upside of 6.05%. Given Synopsys' higher probable upside, equities research analysts plainly believe Cadence Design Systems is more favorable than Synopsys.
Summary
Synopsys beats Cadence Design Systems 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 SNPS 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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