WDC vs. NTAP, SYNA, IMMR, IVAC, PSTG, STX, QMCO, PANW, DELL, and ABNB
Should you be buying Western Digital stock or one of its competitors? The main competitors of Western Digital include NetApp (NTAP), Synaptics (SYNA), Immersion (IMMR), Intevac (IVAC), Pure Storage (PSTG), Seagate Technology (STX), Quantum (QMCO), Palo Alto Networks (PANW), Dell Technologies (DELL), and Airbnb (ABNB).
NetApp (NASDAQ:NTAP) and Western Digital (NASDAQ:WDC) are both large-cap computer and technology companies, but which is the better investment? We will contrast the two businesses based on the strength of their profitability, earnings, valuation, risk, institutional ownership, dividends, analyst recommendations, community ranking and media sentiment.
92.2% of NetApp shares are owned by institutional investors. Comparatively, 92.5% of Western Digital shares are owned by institutional investors. 0.4% of NetApp shares are owned by company insiders. Comparatively, 0.3% of Western Digital shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.
Western Digital received 905 more outperform votes than NetApp when rated by MarketBeat users. Likewise, 74.12% of users gave Western Digital an outperform vote while only 53.87% of users gave NetApp an outperform vote.
In the previous week, Western Digital had 5 more articles in the media than NetApp. MarketBeat recorded 22 mentions for Western Digital and 17 mentions for NetApp. Western Digital's average media sentiment score of 0.99 beat NetApp's score of 0.82 indicating that NetApp is being referred to more favorably in the media.
NetApp presently has a consensus target price of $113.38, indicating a potential downside of 9.64%. Western Digital has a consensus target price of $82.09, indicating a potential upside of 7.28%. Given NetApp's stronger consensus rating and higher possible upside, analysts clearly believe Western Digital is more favorable than NetApp.
NetApp has a net margin of 15.73% compared to NetApp's net margin of -12.87%. Western Digital's return on equity of 114.54% beat NetApp's return on equity.
NetApp has higher earnings, but lower revenue than Western Digital. Western Digital is trading at a lower price-to-earnings ratio than NetApp, indicating that it is currently the more affordable of the two stocks.
NetApp has a beta of 1.25, meaning that its stock price is 25% more volatile than the S&P 500. Comparatively, Western Digital has a beta of 1.45, meaning that its stock price is 45% more volatile than the S&P 500.
Summary
NetApp and Western Digital 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 WDC 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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