CDNS vs. SNPS, PLTR, ADSK, EA, ANSS, SPLK, MSTR, OKTA, PAYC, and INTU
Should you be buying Cadence Design Systems stock or one of its competitors? The main competitors of Cadence Design Systems include Synopsys (SNPS), Palantir Technologies (PLTR), Autodesk (ADSK), Electronic Arts (EA), ANSYS (ANSS), Splunk (SPLK), MicroStrategy (MSTR), Okta (OKTA), Paycom Software (PAYC), and Intuit (INTU).
Cadence Design Systems (NASDAQ:CDNS) and Synopsys (NASDAQ:SNPS) are both large-cap computer and technology companies, but which is the superior business? We will contrast the two companies based on the strength of their community ranking, risk, analyst recommendations, media sentiment, earnings, valuation, institutional ownership, dividends and profitability.
In the previous week, Cadence Design Systems had 13 more articles in the media than Synopsys. MarketBeat recorded 27 mentions for Cadence Design Systems and 14 mentions for Synopsys. Synopsys' average media sentiment score of 0.87 beat Cadence Design Systems' score of 0.60 indicating that Synopsys is being referred to more favorably in the news media.
Cadence Design Systems has a net margin of 25.68% compared to Synopsys' net margin of 22.96%. Cadence Design Systems' return on equity of 32.44% beat Synopsys' return on equity.
Cadence Design Systems has a beta of 1.04, suggesting that its stock price is 4% more volatile than the S&P 500. Comparatively, Synopsys has a beta of 1.06, suggesting that its stock price is 6% more volatile than the S&P 500.
84.9% of Cadence Design Systems shares are held by institutional investors. Comparatively, 85.5% of Synopsys shares are held by institutional investors. 0.6% of Cadence Design Systems shares are held by company insiders. Comparatively, 0.7% of Synopsys shares are held by company 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.
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.
Synopsys received 244 more outperform votes than Cadence Design Systems when rated by MarketBeat users. Likewise, 72.09% of users gave Synopsys an outperform vote while only 71.23% of users gave Cadence Design Systems an outperform vote.
Cadence Design Systems presently has a consensus target price of $326.11, indicating a potential upside of 18.94%. Synopsys has a consensus target price of $601.00, indicating a potential upside of 14.89%. Given Cadence Design Systems' higher possible upside, research analysts plainly believe Cadence Design Systems is more favorable than Synopsys.
Summary
Synopsys beats Cadence Design Systems on 11 of the 18 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding CDNS 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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