SNPS vs. CDNS, PLTR, ADSK, EA, ANSS, MSTR, IBM, OKTA, DOCU, and INTU
Should you be buying Synopsys stock or one of its competitors? The main competitors of Synopsys include Cadence Design Systems (CDNS), Palantir Technologies (PLTR), Autodesk (ADSK), Electronic Arts (EA), ANSYS (ANSS), MicroStrategy (MSTR), International Business Machines (IBM), Okta (OKTA), DocuSign (DOCU), and Intuit (INTU).
Synopsys (NASDAQ:SNPS) and Cadence Design Systems (NASDAQ:CDNS) are both large-cap computer and technology companies, but which is the superior stock? We will compare the two companies based on the strength of their media sentiment, analyst recommendations, profitability, earnings, dividends, valuation, risk, institutional ownership and community ranking.
Synopsys has a beta of 1.07, meaning that its share price is 7% more volatile than the S&P 500. Comparatively, Cadence Design Systems has a beta of 1.06, meaning that its share price is 6% more volatile than the S&P 500.
Synopsys has higher revenue and earnings than Cadence Design Systems. Synopsys is trading at a lower price-to-earnings ratio than Cadence Design Systems, indicating that it is currently the more affordable of the two stocks.
Synopsys received 243 more outperform votes than Cadence Design Systems when rated by MarketBeat users. Likewise, 72.09% of users gave Synopsys an outperform vote while only 71.18% of users gave Cadence Design Systems an outperform vote.
In the previous week, Cadence Design Systems had 12 more articles in the media than Synopsys. MarketBeat recorded 26 mentions for Cadence Design Systems and 14 mentions for Synopsys. Synopsys' average media sentiment score of 0.85 beat Cadence Design Systems' score of 0.47 indicating that Synopsys is being referred to more favorably in the media.
Cadence Design Systems has a net margin of 25.68% compared to Synopsys' net margin of 22.96%. Cadence Design Systems' return on equity of 32.44% beat Synopsys' return on equity.
Synopsys currently has a consensus price target of $601.00, suggesting a potential upside of 6.05%. Cadence Design Systems has a consensus price target of $326.11, suggesting a potential upside of 12.92%. Given Cadence Design Systems' higher possible upside, analysts plainly believe Cadence Design Systems is more favorable than Synopsys.
85.5% of Synopsys shares are owned by institutional investors. Comparatively, 84.9% of Cadence Design Systems shares are owned by institutional investors. 0.7% of Synopsys shares are owned by company insiders. Comparatively, 2.0% of Cadence Design Systems shares are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.
Summary
Synopsys beats Cadence Design Systems 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 SNPS 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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