VEEV vs. SNPS, CDNS, SHOP, CRWD, NTES, PLTR, SNOW, ADSK, TEAM, and SQ
Should you be buying Veeva Systems stock or one of its competitors? The main competitors of Veeva Systems include Synopsys (SNPS), Cadence Design Systems (CDNS), Shopify (SHOP), CrowdStrike (CRWD), NetEase (NTES), Palantir Technologies (PLTR), Snowflake (SNOW), Autodesk (ADSK), Atlassian (TEAM), and Block (SQ). These companies are all part of the "prepackaged software" industry.
Veeva Systems (NYSE:VEEV) and Synopsys (NASDAQ:SNPS) are both large-cap computer and technology companies, but which is the superior investment? We will compare the two businesses based on the strength of their community ranking, dividends, valuation, media sentiment, earnings, analyst recommendations, institutional ownership, profitability and risk.
Veeva Systems has a beta of 0.8, suggesting that its share price is 20% less volatile than the S&P 500. Comparatively, Synopsys has a beta of 1.08, suggesting that its share price is 8% more volatile than the S&P 500.
88.2% of Veeva Systems shares are owned by institutional investors. Comparatively, 85.5% of Synopsys shares are owned by institutional investors. 10.5% of Veeva Systems shares are owned by insiders. Comparatively, 0.7% of Synopsys shares are owned by 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.
Synopsys received 111 more outperform votes than Veeva Systems when rated by MarketBeat users. Likewise, 72.21% of users gave Synopsys an outperform vote while only 69.66% of users gave Veeva Systems an outperform vote.
In the previous week, Veeva Systems had 21 more articles in the media than Synopsys. MarketBeat recorded 31 mentions for Veeva Systems and 10 mentions for Synopsys. Synopsys' average media sentiment score of 1.30 beat Veeva Systems' score of 0.21 indicating that Synopsys is being referred to more favorably in the news media.
Veeva Systems presently has a consensus target price of $228.25, indicating a potential upside of 23.87%. Synopsys has a consensus target price of $616.18, indicating a potential upside of 6.98%. Given Veeva Systems' higher possible upside, equities analysts plainly believe Veeva Systems is more favorable than Synopsys.
Synopsys has a net margin of 23.05% compared to Veeva Systems' net margin of 22.34%. Synopsys' return on equity of 22.66% beat Veeva Systems' return on equity.
Synopsys has higher revenue and earnings than Veeva Systems. Veeva Systems is trading at a lower price-to-earnings ratio than Synopsys, indicating that it is currently the more affordable of the two stocks.
Summary
Synopsys beats Veeva Systems on 13 of the 18 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding VEEV 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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