MGIC vs. SCWX, KC, CGNT, WKME, LAW, CRNC, DDD, BAND, BBAI, and BLZE
Should you be buying Magic Software Enterprises stock or one of its competitors? The main competitors of Magic Software Enterprises include SecureWorks (SCWX), Kingsoft Cloud (KC), Cognyte Software (CGNT), WalkMe (WKME), CS Disco (LAW), Cerence (CRNC), 3D Systems (DDD), Bandwidth (BAND), BigBear.ai (BBAI), and Backblaze (BLZE). These companies are all part of the "prepackaged software" industry.
Magic Software Enterprises (NASDAQ:MGIC) and SecureWorks (NASDAQ:SCWX) are both small-cap computer and technology companies, but which is the better investment? We will contrast the two companies based on the strength of their profitability, media sentiment, earnings, dividends, analyst recommendations, community ranking, risk, valuation and institutional ownership.
SecureWorks received 7 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 57.14% of users gave SecureWorks an outperform vote.
Magic Software Enterprises has a beta of 1.17, meaning that its share price is 17% more volatile than the S&P 500. Comparatively, SecureWorks has a beta of 0.99, meaning that its share price is 1% less volatile than the S&P 500.
Magic Software Enterprises has higher revenue and earnings than SecureWorks. SecureWorks 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.
24.7% of Magic Software Enterprises shares are held by institutional investors. Comparatively, 14.4% of SecureWorks shares are held by institutional investors. 4.5% of Magic Software Enterprises shares are held by company insiders. Comparatively, 83.1% of SecureWorks shares are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.
In the previous week, SecureWorks had 6 more articles in the media than Magic Software Enterprises. MarketBeat recorded 9 mentions for SecureWorks and 3 mentions for Magic Software Enterprises. SecureWorks' average media sentiment score of 0.59 beat Magic Software Enterprises' score of -0.14 indicating that SecureWorks is being referred to more favorably in the news media.
Magic Software Enterprises has a net margin of 6.92% compared to SecureWorks' net margin of -23.52%. Magic Software Enterprises' return on equity of 17.33% beat SecureWorks' return on equity.
Magic Software Enterprises currently has a consensus target price of $14.00, indicating a potential upside of 20.27%. SecureWorks has a consensus target price of $7.08, indicating a potential upside of 18.06%. Given Magic Software Enterprises' stronger consensus rating and higher probable upside, analysts clearly believe Magic Software Enterprises is more favorable than SecureWorks.
Summary
Magic Software Enterprises beats SecureWorks on 13 of the 18 factors compared between the two stocks.
Get Magic Software Enterprises News Delivered to You Automatically
Sign up to receive the latest news and ratings for MGIC and its competitors with MarketBeat's FREE daily newsletter.
This chart shows the number of new MarketBeat users adding MGIC 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.
Magic Software Enterprises Competitors List
Related Companies and Tools
