BAND vs. MGIC, WEAV, CGNT, SCWX, DDD, LAW, WKME, BLZE, CRNC, and KC
Should you be buying Bandwidth stock or one of its competitors? The main competitors of Bandwidth include Magic Software Enterprises (MGIC), Weave Communications (WEAV), Cognyte Software (CGNT), SecureWorks (SCWX), 3D Systems (DDD), CS Disco (LAW), WalkMe (WKME), Backblaze (BLZE), Cerence (CRNC), and Kingsoft Cloud (KC). These companies are all part of the "prepackaged software" industry.
Bandwidth (NASDAQ:BAND) and Magic Software Enterprises (NASDAQ:MGIC) are both small-cap computer and technology companies, but which is the superior stock? We will compare the two companies based on the strength of their analyst recommendations, media sentiment, earnings, profitability, valuation, risk, institutional ownership, community ranking and dividends.
Bandwidth has a beta of 1.44, meaning that its stock price is 44% more volatile than the S&P 500. Comparatively, Magic Software Enterprises has a beta of 1.12, meaning that its stock price is 12% more volatile than the S&P 500.
In the previous week, Bandwidth had 37 more articles in the media than Magic Software Enterprises. MarketBeat recorded 40 mentions for Bandwidth and 3 mentions for Magic Software Enterprises. Magic Software Enterprises' average media sentiment score of 0.96 beat Bandwidth's score of 0.58 indicating that Magic Software Enterprises is being referred to more favorably in the news media.
Bandwidth currently has a consensus target price of $25.38, indicating a potential upside of 15.29%. Magic Software Enterprises has a consensus target price of $14.00, indicating a potential upside of 12.81%. Given Bandwidth's higher possible upside, equities analysts clearly believe Bandwidth is more favorable than Magic Software Enterprises.
Magic Software Enterprises has lower revenue, but higher earnings than Bandwidth. Bandwidth is trading at a lower price-to-earnings ratio than Magic Software Enterprises, indicating that it is currently the more affordable of the two stocks.
Bandwidth received 133 more outperform votes than Magic Software Enterprises when rated by MarketBeat users. However, 60.21% of users gave Magic Software Enterprises an outperform vote while only 58.69% of users gave Bandwidth an outperform vote.
Magic Software Enterprises has a net margin of 6.92% compared to Bandwidth's net margin of -4.60%. Magic Software Enterprises' return on equity of 17.33% beat Bandwidth's return on equity.
68.5% of Bandwidth shares are owned by institutional investors. Comparatively, 24.7% of Magic Software Enterprises shares are owned by institutional investors. 6.2% of Bandwidth shares are owned by insiders. Comparatively, 4.5% of Magic Software Enterprises shares are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.
Summary
Magic Software Enterprises beats Bandwidth 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 BAND 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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