SNOW vs. TEAM, ADSK, NTES, DDOG, SHOP, VEEV, CDNS, CRWD, HUBS, and ANSS
Should you be buying Snowflake stock or one of its competitors? The main competitors of Snowflake include Atlassian (TEAM), Autodesk (ADSK), NetEase (NTES), Datadog (DDOG), Shopify (SHOP), Veeva Systems (VEEV), Cadence Design Systems (CDNS), CrowdStrike (CRWD), HubSpot (HUBS), and ANSYS (ANSS). These companies are all part of the "prepackaged software" industry.
Atlassian (NASDAQ:TEAM) and Snowflake (NYSE:SNOW) are both large-cap computer and technology companies, but which is the better business? We will compare the two businesses based on the strength of their analyst recommendations, dividends, media sentiment, earnings, risk, community ranking, valuation, institutional ownership and profitability.
Atlassian has a beta of 0.67, indicating that its share price is 33% less volatile than the S&P 500. Comparatively, Snowflake has a beta of 0.9, indicating that its share price is 10% less volatile than the S&P 500.
In the previous week, Snowflake had 30 more articles in the media than Atlassian. MarketBeat recorded 47 mentions for Snowflake and 17 mentions for Atlassian. Atlassian's average media sentiment score of 0.38 beat Snowflake's score of -0.03 indicating that Snowflake is being referred to more favorably in the news media.
Atlassian currently has a consensus target price of $223.22, indicating a potential upside of 24.21%. Snowflake has a consensus target price of $202.43, indicating a potential upside of 25.06%. Given Atlassian's stronger consensus rating and higher possible upside, analysts clearly believe Snowflake is more favorable than Atlassian.
Atlassian received 445 more outperform votes than Snowflake when rated by MarketBeat users. Likewise, 64.77% of users gave Atlassian an outperform vote while only 45.24% of users gave Snowflake an outperform vote.
Atlassian has a net margin of -3.90% compared to Atlassian's net margin of -29.79%. Atlassian's return on equity of -13.79% beat Snowflake's return on equity.
Atlassian has higher revenue and earnings than Snowflake. Atlassian is trading at a lower price-to-earnings ratio than Snowflake, indicating that it is currently the more affordable of the two stocks.
93.0% of Atlassian shares are held by institutional investors. Comparatively, 65.1% of Snowflake shares are held by institutional investors. 40.5% of Atlassian shares are held by company insiders. Comparatively, 8.3% of Snowflake shares are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.
Summary
Atlassian and Snowflake 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 SNOW 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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