Novanta (NOVT) Competitors

$159.41
+3.16 (+2.02%)
(As of 04/26/2024 ET)

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 vs.

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.

Company Net Margins Return on Equity Return on Assets
Novanta8.27% 17.15% 8.94%
Frontier Communications Parent 0.50%0.56%0.15%

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.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Novanta
2 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Very Positive
Frontier Communications Parent
3 Very Positive mention(s)
1 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

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.

CompanyUnderperformOutperform
NovantaOutperform Votes
303
72.14%
Underperform Votes
117
27.86%
Frontier Communications ParentOutperform Votes
32
55.17%
Underperform Votes
26
44.83%

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.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Novanta
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
N/A
Frontier Communications Parent
1 Sell rating(s)
0 Hold rating(s)
6 Buy rating(s)
0 Strong Buy rating(s)
2.71

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.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Novanta$881.66M6.48$72.88M$2.0378.53
Frontier Communications Parent$5.68B1.00$29M$0.12191.08

Summary

Novanta beats Frontier Communications Parent on 11 of the 17 factors compared between the two stocks.

New MarketBeat Followers Over Time

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.
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Media Sentiment Over Time

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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NOVT vs. The Competition

MetricNovantaelectrical machinery, equipment, & supplies IndustryComputer SectorNASDAQ Exchange
Market Cap$5.71B$1.01B$18.11B$7.56B
Dividend YieldN/A1.99%2.77%3.94%
P/E Ratio78.5316.40270.5820.93
Price / Sales6.489.93520.5182.53
Price / Cash36.3210.2028.1435.09
Price / Book8.472.976.754.38
Net Income$72.88M-$9.20M$567.53M$214.13M
7 Day Performance6.69%2.34%2.95%1.86%
1 Month Performance-8.28%-7.04%-2.77%-5.24%
1 Year Performance3.03%-13.06%16.90%8.38%

Novanta Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
FYBR
Frontier Communications Parent
0.4594 of 5 stars
$22.87
+4.9%
$27.43
+19.9%
+8.4%$5.68B$5.75B190.5813,300Upcoming Earnings
LFUS
Littelfuse
4.7826 of 5 stars
$231.19
+1.0%
$271.67
+17.5%
-3.0%$5.76B$2.36B22.3617,000Upcoming Earnings
Short Interest ↑
HCP
HashiCorp
1.3552 of 5 stars
$29.15
+18.7%
$28.77
-1.3%
+18.6%$5.82B$583.14M-29.742,200Analyst Downgrade
Insider Selling
Options Volume
News Coverage
High Trading Volume
TENB
Tenable
4.2456 of 5 stars
$46.15
+2.5%
$56.63
+22.7%
+24.3%$5.48B$798.71M-67.871,999Upcoming Earnings
Analyst Report
News Coverage
BMI
Badger Meter
3.6163 of 5 stars
$186.55
+3.0%
$162.50
-12.9%
+42.7%$5.48B$703.59M53.762,140Dividend Announcement
FRSH
Freshworks
2.459 of 5 stars
$18.35
+1.0%
$25.29
+37.8%
+34.6%$5.47B$596.43M-39.044,900Upcoming Earnings
FN
Fabrinet
1.771 of 5 stars
$168.74
+2.8%
$159.57
-5.4%
+84.9%$5.96B$2.72B24.3814,663Short Interest ↑
ZI
ZoomInfo Technologies
4.2516 of 5 stars
$15.84
+1.1%
$21.43
+35.3%
-23.1%$6.01B$1.24B58.673,516Positive News
RMBS
Rambus
3.891 of 5 stars
$56.44
+3.1%
$73.20
+29.7%
+28.9%$6.13B$461.12M18.81623Upcoming Earnings
SMAR
Smartsheet
4.6216 of 5 stars
$38.29
+1.1%
$49.75
+29.9%
-6.6%$5.26B$958.34M-48.473,330

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This page (NASDAQ:NOVT) was last updated on 4/27/2024 by MarketBeat.com Staff

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