VEEV vs. SNPS, CDNS, SHOP, NTES, SNOW, PLTR, ADSK, TEAM, DDOG, 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), NetEase (NTES), Snowflake (SNOW), Palantir Technologies (PLTR), Autodesk (ADSK), Atlassian (TEAM), Datadog (DDOG), 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 better investment? We will contrast the two companies based on the strength of their earnings, valuation, profitability, media sentiment, institutional ownership, analyst recommendations, community ranking, dividends and risk.
Synopsys received 117 more outperform votes than Veeva Systems when rated by MarketBeat users. Likewise, 72.21% of users gave Synopsys an outperform vote while only 69.83% of users gave Veeva Systems an outperform vote.
Veeva Systems has a beta of 0.76, meaning that its share price is 24% less volatile than the S&P 500. Comparatively, Synopsys has a beta of 1.07, meaning that its share price is 7% more volatile than the S&P 500.
Synopsys has a net margin of 23.05% compared to Veeva Systems' net margin of 22.24%. 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.
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 company insiders. Comparatively, 0.7% of Synopsys shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.
In the previous week, Synopsys had 40 more articles in the media than Veeva Systems. MarketBeat recorded 62 mentions for Synopsys and 22 mentions for Veeva Systems. Veeva Systems' average media sentiment score of 0.44 beat Synopsys' score of 0.39 indicating that Veeva Systems is being referred to more favorably in the media.
Veeva Systems currently has a consensus price target of $234.90, suggesting a potential upside of 15.18%. Synopsys has a consensus price target of $616.18, suggesting a potential upside of 4.39%. Given Veeva Systems' higher probable upside, analysts clearly believe Veeva Systems is more favorable than Synopsys.
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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