SNOW vs. TEAM, ADSK, NTES, DDOG, SHOP, VEEV, CDNS, CRWD, HUBS, and ANSS
Should you be buying Snowflake stock or one of its competitors? The main competitors of Snowflake include Atlassian (TEAM), Autodesk (ADSK), NetEase (NTES), Datadog (DDOG), Shopify (SHOP), Veeva Systems (VEEV), Cadence Design Systems (CDNS), CrowdStrike (CRWD), HubSpot (HUBS), and ANSYS (ANSS). These companies are all part of the "prepackaged software" industry.
Snowflake (NYSE:SNOW) and Atlassian (NASDAQ:TEAM) are both large-cap computer and technology companies, but which is the better business? We will contrast the two businesses based on the strength of their media sentiment, institutional ownership, risk, analyst recommendations, community ranking, dividends, valuation, earnings and profitability.
Atlassian has a net margin of -3.90% compared to Snowflake's net margin of -29.79%. Snowflake's return on equity of -13.79% beat Atlassian's return on equity.
65.1% of Snowflake shares are held by institutional investors. Comparatively, 93.0% of Atlassian shares are held by institutional investors. 8.3% of Snowflake shares are held by insiders. Comparatively, 40.5% of Atlassian 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.
Atlassian has higher revenue and earnings than Snowflake. Atlassian is trading at a lower price-to-earnings ratio than Snowflake, indicating that it is currently the more affordable of the two stocks.
Snowflake has a beta of 0.9, meaning that its share price is 10% less volatile than the S&P 500. Comparatively, Atlassian has a beta of 0.67, meaning that its share price is 33% less volatile than the S&P 500.
Snowflake presently has a consensus target price of $202.43, indicating a potential upside of 25.06%. Atlassian has a consensus target price of $223.22, indicating a potential upside of 24.21%. Given Snowflake's stronger consensus rating and higher possible upside, analysts plainly believe Snowflake is more favorable than Atlassian.
In the previous week, Snowflake had 32 more articles in the media than Atlassian. MarketBeat recorded 50 mentions for Snowflake and 18 mentions for Atlassian. Snowflake's average media sentiment score of 0.35 beat Atlassian's score of 0.06 indicating that Snowflake is being referred to more favorably in the media.
Atlassian received 445 more outperform votes than Snowflake when rated by MarketBeat users. Likewise, 64.77% of users gave Atlassian an outperform vote while only 45.24% of users gave Snowflake an outperform vote.
Summary
Snowflake and Atlassian tied by winning 9 of the 18 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding SNOW 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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