CRNC vs. BLZE, BBAI, MIXT, AMSWA, PRCH, CTV, MTLS, LAW, DDD, and DOMO
Should you be buying Cerence stock or one of its competitors? The main competitors of Cerence include Backblaze (BLZE), BigBear.ai (BBAI), MiX Telematics (MIXT), American Software (AMSWA), Porch Group (PRCH), Innovid (CTV), Materialise (MTLS), CS Disco (LAW), 3D Systems (DDD), and Domo (DOMO). These companies are all part of the "prepackaged software" industry.
Backblaze (NASDAQ:BLZE) and Cerence (NASDAQ:CRNC) are both small-cap computer and technology companies, but which is the superior business? We will compare the two companies based on the strength of their media sentiment, risk, community ranking, institutional ownership, earnings, profitability, dividends, valuation and analyst recommendations.
In the previous week, Cerence had 4 more articles in the media than Backblaze. MarketBeat recorded 18 mentions for Cerence and 14 mentions for Backblaze. Cerence's average media sentiment score of 0.49 beat Backblaze's score of 0.26 indicating that Backblaze is being referred to more favorably in the media.
Cerence received 63 more outperform votes than Backblaze when rated by MarketBeat users. Likewise, 57.72% of users gave Cerence an outperform vote while only 57.50% of users gave Backblaze an outperform vote.
Cerence has higher revenue and earnings than Backblaze. Backblaze is trading at a lower price-to-earnings ratio than Cerence, indicating that it is currently the more affordable of the two stocks.
Backblaze has a beta of 1.21, indicating that its share price is 21% more volatile than the S&P 500. Comparatively, Cerence has a beta of 2.57, indicating that its share price is 157% more volatile than the S&P 500.
54.0% of Backblaze shares are held by institutional investors. Comparatively, 91.4% of Cerence shares are held by institutional investors. 5.2% of Backblaze shares are held by insiders. Comparatively, 1.2% of Cerence shares are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.
Backblaze has a net margin of -48.62% compared to Backblaze's net margin of -80.93%. Backblaze's return on equity of 3.66% beat Cerence's return on equity.
Backblaze presently has a consensus target price of $14.00, indicating a potential upside of 95.80%. Cerence has a consensus target price of $10.08, indicating a potential upside of 102.07%. Given Backblaze's higher probable upside, analysts clearly believe Cerence is more favorable than Backblaze.
Summary
Cerence beats Backblaze 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 CRNC 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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