WDC vs. NTAP, STX, PSTG, GIB, VOD, NET, MSTR, ASX, HPE, and TME
Should you be buying Western Digital stock or one of its competitors? The main competitors of Western Digital include NetApp (NTAP), Seagate Technology (STX), Pure Storage (PSTG), CGI (GIB), Vodafone Group Public (VOD), Cloudflare (NET), MicroStrategy (MSTR), ASE Technology (ASX), Hewlett Packard Enterprise (HPE), and Tencent Music Entertainment Group (TME).
Western Digital (NASDAQ:WDC) and NetApp (NASDAQ:NTAP) are both large-cap computer and technology companies, but which is the superior investment? We will contrast the two businesses based on the strength of their profitability, valuation, dividends, community ranking, earnings, risk, media sentiment, analyst recommendations and institutional ownership.
Western Digital received 906 more outperform votes than NetApp when rated by MarketBeat users. Likewise, 74.16% of users gave Western Digital an outperform vote while only 53.94% of users gave NetApp an outperform vote.
Western Digital presently has a consensus target price of $78.32, indicating a potential upside of 8.62%. NetApp has a consensus target price of $100.60, indicating a potential downside of 8.93%. Given Western Digital's stronger consensus rating and higher possible upside, equities analysts clearly believe Western Digital is more favorable than NetApp.
NetApp has a net margin of 15.21% compared to Western Digital's net margin of -12.87%. NetApp's return on equity of 109.49% beat Western Digital's return on equity.
NetApp has lower revenue, but higher earnings than Western Digital. Western Digital is trading at a lower price-to-earnings ratio than NetApp, indicating that it is currently the more affordable of the two stocks.
In the previous week, Western Digital had 7 more articles in the media than NetApp. MarketBeat recorded 21 mentions for Western Digital and 14 mentions for NetApp. NetApp's average media sentiment score of 0.74 beat Western Digital's score of 0.61 indicating that NetApp is being referred to more favorably in the news media.
Western Digital has a beta of 1.53, suggesting that its stock price is 53% more volatile than the S&P 500. Comparatively, NetApp has a beta of 1.27, suggesting that its stock price is 27% more volatile than the S&P 500.
92.5% of Western Digital shares are owned by institutional investors. Comparatively, 92.2% of NetApp shares are owned by institutional investors. 0.3% of Western Digital shares are owned by company insiders. Comparatively, 0.4% of NetApp shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.
Summary
Western Digital and NetApp tied by winning 9 of the 18 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding WDC 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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