SCWX vs. CGNT, BAND, DDD, MGIC, WEAV, LAW, WKME, BBAI, CCSI, and MIXT
Should you be buying SecureWorks stock or one of its competitors? The main competitors of SecureWorks include Cognyte Software (CGNT), Bandwidth (BAND), 3D Systems (DDD), Magic Software Enterprises (MGIC), Weave Communications (WEAV), CS Disco (LAW), WalkMe (WKME), BigBear.ai (BBAI), Consensus Cloud Solutions (CCSI), and MiX Telematics (MIXT). These companies are all part of the "prepackaged software" industry.
SecureWorks (NASDAQ:SCWX) and Cognyte Software (NASDAQ:CGNT) are both small-cap computer and technology companies, but which is the better stock? We will compare the two companies based on the strength of their community ranking, valuation, dividends, media sentiment, analyst recommendations, institutional ownership, earnings, risk and profitability.
SecureWorks has a beta of 0.99, suggesting that its share price is 1% less volatile than the S&P 500. Comparatively, Cognyte Software has a beta of 1.72, suggesting that its share price is 72% more volatile than the S&P 500.
SecureWorks currently has a consensus target price of $7.08, indicating a potential upside of 13.33%. Cognyte Software has a consensus target price of $7.75, indicating a potential upside of 0.00%. Given SecureWorks' higher possible upside, research analysts plainly believe SecureWorks is more favorable than Cognyte Software.
Cognyte Software has a net margin of -4.97% compared to SecureWorks' net margin of -23.52%. SecureWorks' return on equity of -9.56% beat Cognyte Software's return on equity.
14.4% of SecureWorks shares are held by institutional investors. Comparatively, 72.9% of Cognyte Software shares are held by institutional investors. 83.1% of SecureWorks 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.
Cognyte Software has lower revenue, but higher earnings than SecureWorks. Cognyte Software is trading at a lower price-to-earnings ratio than SecureWorks, indicating that it is currently the more affordable of the two stocks.
In the previous week, Cognyte Software had 1 more articles in the media than SecureWorks. MarketBeat recorded 4 mentions for Cognyte Software and 3 mentions for SecureWorks. Cognyte Software's average media sentiment score of 0.88 beat SecureWorks' score of 0.58 indicating that Cognyte Software is being referred to more favorably in the news media.
SecureWorks received 89 more outperform votes than Cognyte Software when rated by MarketBeat users. Likewise, 57.14% of users gave SecureWorks an outperform vote while only 56.40% of users gave Cognyte Software an outperform vote.
Summary
Cognyte Software beats SecureWorks on 10 of the 17 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding SCWX 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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