IRDM vs. CCOI, LITE, ESE, VCRA, NSSC, ORBC, PWFL, HEAR, ITI, and REKR
Should you be buying Iridium Communications stock or one of its competitors? The main competitors of Iridium Communications include Cogent Communications (CCOI), Lumentum (LITE), ESCO Technologies (ESE), Vocera Communications (VCRA), Napco Security Technologies (NSSC), ORBCOMM (ORBC), PowerFleet (PWFL), Turtle Beach (HEAR), Iteris (ITI), and Rekor Systems (REKR).
Iridium Communications (NASDAQ:IRDM) and Cogent Communications (NASDAQ:CCOI) are both mid-cap computer and technology companies, but which is the better stock? We will contrast the two companies based on the strength of their valuation, risk, earnings, institutional ownership, media sentiment, profitability, community ranking, dividends and analyst recommendations.
Iridium Communications has a beta of 0.68, indicating that its stock price is 32% less volatile than the S&P 500. Comparatively, Cogent Communications has a beta of 0.41, indicating that its stock price is 59% less volatile than the S&P 500.
Iridium Communications currently has a consensus price target of $44.75, indicating a potential upside of 59.88%. Cogent Communications has a consensus price target of $75.14, indicating a potential upside of 36.35%. Given Iridium Communications' stronger consensus rating and higher probable upside, analysts plainly believe Iridium Communications is more favorable than Cogent Communications.
Cogent Communications has a net margin of 114.09% compared to Iridium Communications' net margin of 3.20%. Iridium Communications' return on equity of 2.76% beat Cogent Communications' return on equity.
Iridium Communications pays an annual dividend of $0.52 per share and has a dividend yield of 1.9%. Cogent Communications pays an annual dividend of $3.90 per share and has a dividend yield of 7.1%. Iridium Communications pays out 247.6% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Cogent Communications pays out 15.5% of its earnings in the form of a dividend. Cogent Communications is clearly the better dividend stock, given its higher yield and lower payout ratio.
84.4% of Iridium Communications shares are held by institutional investors. Comparatively, 92.5% of Cogent Communications shares are held by institutional investors. 2.0% of Iridium Communications shares are held by insiders. Comparatively, 11.4% of Cogent Communications shares are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.
Cogent Communications has higher revenue and earnings than Iridium Communications. Cogent Communications is trading at a lower price-to-earnings ratio than Iridium Communications, indicating that it is currently the more affordable of the two stocks.
In the previous week, Cogent Communications had 1 more articles in the media than Iridium Communications. MarketBeat recorded 9 mentions for Cogent Communications and 8 mentions for Iridium Communications. Iridium Communications' average media sentiment score of 0.90 beat Cogent Communications' score of 0.73 indicating that Iridium Communications is being referred to more favorably in the media.
Cogent Communications received 10 more outperform votes than Iridium Communications when rated by MarketBeat users. Likewise, 61.63% of users gave Cogent Communications an outperform vote while only 58.76% of users gave Iridium Communications an outperform vote.
Summary
Cogent Communications beats Iridium Communications on 12 of the 21 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding IRDM 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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