PSTG vs. NTAP, WDC, ERIC, VRSN, OKTA, TER, NTNX, CHKP, GDDY, and BSY
Should you be buying Pure Storage stock or one of its competitors? The main competitors of Pure Storage include NetApp (NTAP), Western Digital (WDC), Telefonaktiebolaget LM Ericsson (publ) (ERIC), VeriSign (VRSN), Okta (OKTA), Teradyne (TER), Nutanix (NTNX), Check Point Software Technologies (CHKP), GoDaddy (GDDY), and Bentley Systems (BSY). These companies are all part of the "computer and technology" sector.
NetApp (NASDAQ:NTAP) and Pure Storage (NYSE:PSTG) are both large-cap computer and technology companies, but which is the better business? We will compare the two companies based on the strength of their community ranking, valuation, institutional ownership, analyst recommendations, dividends, earnings, profitability, risk and media sentiment.
NetApp currently has a consensus target price of $100.60, indicating a potential downside of 7.28%. Pure Storage has a consensus target price of $51.63, indicating a potential downside of 5.14%. Given NetApp's stronger consensus rating and higher probable upside, analysts clearly believe Pure Storage is more favorable than NetApp.
In the previous week, Pure Storage had 6 more articles in the media than NetApp. MarketBeat recorded 13 mentions for Pure Storage and 7 mentions for NetApp. Pure Storage's average media sentiment score of 0.95 beat NetApp's score of 0.47 indicating that NetApp is being referred to more favorably in the media.
NetApp received 399 more outperform votes than Pure Storage when rated by MarketBeat users. However, 71.33% of users gave Pure Storage an outperform vote while only 53.94% of users gave NetApp an outperform vote.
NetApp has a beta of 1.27, meaning that its stock price is 27% more volatile than the S&P 500. Comparatively, Pure Storage has a beta of 1.15, meaning that its stock price is 15% more volatile than the S&P 500.
92.2% of NetApp shares are owned by institutional investors. Comparatively, 83.4% of Pure Storage shares are owned by institutional investors. 0.4% of NetApp shares are owned by company insiders. Comparatively, 6.5% of Pure Storage shares are owned by company 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.
NetApp has higher revenue and earnings than Pure Storage. NetApp is trading at a lower price-to-earnings ratio than Pure Storage, indicating that it is currently the more affordable of the two stocks.
NetApp has a net margin of 15.21% compared to NetApp's net margin of 2.17%. Pure Storage's return on equity of 109.49% beat NetApp's return on equity.
Summary
NetApp beats Pure Storage on 10 of the 18 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding PSTG 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 NYSE 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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