CFLT vs. PCOR, FFIV, ESTC, PATH, DUOL, SPSC, DOCU, TOST, KVYO, and DT
Should you be buying Confluent stock or one of its competitors? The main competitors of Confluent include Procore Technologies (PCOR), F5 (FFIV), Elastic (ESTC), UiPath (PATH), Duolingo (DUOL), SPS Commerce (SPSC), DocuSign (DOCU), Toast (TOST), Klaviyo (KVYO), and Dynatrace (DT).
Procore Technologies (NYSE:PCOR) and Confluent (NASDAQ:CFLT) are both business services companies, but which is the better investment? We will contrast the two businesses based on the strength of their profitability, risk, earnings, valuation, community ranking, analyst recommendations, media sentiment, dividends and institutional ownership.
81.1% of Procore Technologies shares are held by institutional investors. Comparatively, 78.1% of Confluent shares are held by institutional investors. 39.2% of Procore Technologies shares are held by company insiders. Comparatively, 13.8% of Confluent shares are held by company 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.
Procore Technologies has a net margin of -13.64% compared to Procore Technologies' net margin of -46.73%. Confluent's return on equity of -8.25% beat Procore Technologies' return on equity.
Procore Technologies has higher revenue and earnings than Confluent. Procore Technologies is trading at a lower price-to-earnings ratio than Confluent, indicating that it is currently the more affordable of the two stocks.
Procore Technologies has a beta of 0.78, meaning that its stock price is 22% less volatile than the S&P 500. Comparatively, Confluent has a beta of 0.93, meaning that its stock price is 7% less volatile than the S&P 500.
In the previous week, Confluent had 43 more articles in the media than Procore Technologies. MarketBeat recorded 48 mentions for Confluent and 5 mentions for Procore Technologies. Confluent's average media sentiment score of 1.27 beat Procore Technologies' score of 0.70 indicating that Procore Technologies is being referred to more favorably in the media.
Procore Technologies presently has a consensus price target of $81.79, suggesting a potential upside of 15.71%. Confluent has a consensus price target of $32.88, suggesting a potential upside of 3.18%. Given Confluent's stronger consensus rating and higher possible upside, research analysts clearly believe Procore Technologies is more favorable than Confluent.
Confluent received 5 more outperform votes than Procore Technologies when rated by MarketBeat users. However, 57.69% of users gave Procore Technologies an outperform vote while only 44.94% of users gave Confluent an outperform vote.
Summary
Procore Technologies beats Confluent on 12 of the 18 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding CFLT 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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