NOVT vs. FYBR, LFUS, HCP, TENB, BMI, FRSH, FN, ZI, RMBS, and SMAR
Should you be buying Novanta stock or one of its competitors? The main competitors of Novanta include Frontier Communications Parent (FYBR), Littelfuse (LFUS), HashiCorp (HCP), Tenable (TENB), Badger Meter (BMI), Freshworks (FRSH), Fabrinet (FN), ZoomInfo Technologies (ZI), Rambus (RMBS), and Smartsheet (SMAR). These companies are all part of the "computer and technology" sector.
Novanta (NASDAQ:NOVT) and Frontier Communications Parent (NASDAQ:FYBR) are both mid-cap computer and technology companies, but which is the better investment? We will contrast the two companies based on the strength of their community ranking, dividends, earnings, media sentiment, analyst recommendations, institutional ownership, profitability, valuation and risk.
98.4% of Novanta shares are held by institutional investors. 1.2% of Novanta shares are held by insiders. Comparatively, 1.4% of Frontier Communications Parent shares are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.
Novanta has a net margin of 8.27% compared to Frontier Communications Parent's net margin of 0.50%. Novanta's return on equity of 17.15% beat Frontier Communications Parent's return on equity.
In the previous week, Frontier Communications Parent had 5 more articles in the media than Novanta. MarketBeat recorded 7 mentions for Frontier Communications Parent and 2 mentions for Novanta. Novanta's average media sentiment score of 1.77 beat Frontier Communications Parent's score of 0.91 indicating that Novanta is being referred to more favorably in the media.
Novanta received 271 more outperform votes than Frontier Communications Parent when rated by MarketBeat users. Likewise, 72.14% of users gave Novanta an outperform vote while only 55.17% of users gave Frontier Communications Parent an outperform vote.
Novanta has a beta of 1.33, indicating that its stock price is 33% more volatile than the S&P 500. Comparatively, Frontier Communications Parent has a beta of 1.05, indicating that its stock price is 5% more volatile than the S&P 500.
Novanta currently has a consensus target price of $161.00, suggesting a potential upside of 1.00%. Frontier Communications Parent has a consensus target price of $27.43, suggesting a potential upside of 19.62%. Given Frontier Communications Parent's higher possible upside, analysts plainly believe Frontier Communications Parent is more favorable than Novanta.
Novanta has higher earnings, but lower revenue than Frontier Communications Parent. Novanta is trading at a lower price-to-earnings ratio than Frontier Communications Parent, indicating that it is currently the more affordable of the two stocks.
Summary
Novanta beats Frontier Communications Parent on 11 of the 17 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding NOVT and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
Skip ChartThis 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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