AXON vs. FTNT, QLYS, CVLT, AI, PRGS, MSFT, ORCL, NOW, VSTO, and RGR
Should you be buying Axon Enterprise stock or one of its competitors? The main competitors of Axon Enterprise include Fortinet (FTNT), Qualys (QLYS), Commvault Systems (CVLT), C3.ai (AI), Progress Software (PRGS), Microsoft (MSFT), Oracle (ORCL), ServiceNow (NOW), Vista Outdoor (VSTO), and Sturm, Ruger & Company, Inc. (RGR).
Fortinet (NASDAQ:FTNT) and Axon Enterprise (NASDAQ:AXON) are both large-cap computer and technology companies, but which is the better stock? We will contrast the two businesses based on the strength of their analyst recommendations, community ranking, valuation, earnings, risk, dividends, institutional ownership, media sentiment and profitability.
83.7% of Fortinet shares are held by institutional investors. Comparatively, 79.1% of Axon Enterprise shares are held by institutional investors. 18.0% of Fortinet shares are held by company insiders. Comparatively, 6.1% of Axon Enterprise shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.
Fortinet has a beta of 0.98, indicating that its stock price is 2% less volatile than the S&P 500. Comparatively, Axon Enterprise has a beta of 0.91, indicating that its stock price is 9% less volatile than the S&P 500.
Fortinet presently has a consensus target price of $70.10, indicating a potential upside of 17.38%. Axon Enterprise has a consensus target price of $335.27, indicating a potential upside of 19.53%. Given Fortinet's stronger consensus rating and higher probable upside, analysts plainly believe Axon Enterprise is more favorable than Fortinet.
Fortinet received 837 more outperform votes than Axon Enterprise when rated by MarketBeat users. Likewise, 67.07% of users gave Fortinet an outperform vote while only 64.11% of users gave Axon Enterprise an outperform vote.
In the previous week, Fortinet had 8 more articles in the media than Axon Enterprise. MarketBeat recorded 17 mentions for Fortinet and 9 mentions for Axon Enterprise. Fortinet's average media sentiment score of 1.31 beat Axon Enterprise's score of 1.01 indicating that Axon Enterprise is being referred to more favorably in the news media.
Fortinet has a net margin of 22.23% compared to Fortinet's net margin of 15.60%. Fortinet's return on equity of 11.71% beat Axon Enterprise's return on equity.
Fortinet has higher revenue and earnings than Axon Enterprise. Fortinet is trading at a lower price-to-earnings ratio than Axon Enterprise, indicating that it is currently the more affordable of the two stocks.
Summary
Fortinet beats Axon Enterprise 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 AXON and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
Skip ChartThis 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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