Bytes Technology Group (BYIT) Competitors

GBX 508
+7.50 (+1.50%)
(As of 05/10/2024 ET)

BYIT vs. SPT, BOKU, WPS, PAY, NETW, DARK, KNOS, OXIG, AWE, and TRST

Should you be buying Bytes Technology Group stock or one of its competitors? The main competitors of Bytes Technology Group include Spirent Communications (SPT), Boku (BOKU), W.A.G payment solutions (WPS), PayPoint (PAY), Network International (NETW), Darktrace (DARK), Kainos Group (KNOS), Oxford Instruments (OXIG), Alphawave IP Group (AWE), and Trustpilot Group (TRST). These companies are all part of the "computer and technology" sector.

Bytes Technology Group vs.

Spirent Communications (LON:SPT) and Bytes Technology Group (LON:BYIT) are both small-cap computer and technology companies, but which is the better business? We will compare the two businesses based on the strength of their dividends, earnings, valuation, community ranking, media sentiment, analyst recommendations, profitability, institutional ownership and risk.

Bytes Technology Group has lower revenue, but higher earnings than Spirent Communications. Bytes Technology Group is trading at a lower price-to-earnings ratio than Spirent Communications, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Spirent Communications£474.30M2.30£25.20M£0.036,366.67
Bytes Technology Group£199.59M6.12£44.10M£0.182,822.22

Spirent Communications received 580 more outperform votes than Bytes Technology Group when rated by MarketBeat users. However, 93.33% of users gave Bytes Technology Group an outperform vote while only 58.99% of users gave Spirent Communications an outperform vote.

CompanyUnderperformOutperform
Spirent CommunicationsOutperform Votes
594
58.99%
Underperform Votes
413
41.01%
Bytes Technology GroupOutperform Votes
14
93.33%
Underperform Votes
1
6.67%

Spirent Communications currently has a consensus target price of GBX 219.50, indicating a potential upside of 14.92%. Bytes Technology Group has a consensus target price of GBX 642.67, indicating a potential upside of 26.51%. Given Spirent Communications' stronger consensus rating and higher possible upside, analysts clearly believe Bytes Technology Group is more favorable than Spirent Communications.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Spirent Communications
0 Sell rating(s)
1 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.50
Bytes Technology Group
0 Sell rating(s)
1 Hold rating(s)
2 Buy rating(s)
0 Strong Buy rating(s)
2.67

In the previous week, Spirent Communications had 4 more articles in the media than Bytes Technology Group. MarketBeat recorded 4 mentions for Spirent Communications and 0 mentions for Bytes Technology Group. Bytes Technology Group's average media sentiment score of 0.83 beat Spirent Communications' score of 0.00 indicating that Spirent Communications is being referred to more favorably in the media.

Company Overall Sentiment
Spirent Communications Positive
Bytes Technology Group Neutral

Spirent Communications has a beta of 0.53, suggesting that its stock price is 47% less volatile than the S&P 500. Comparatively, Bytes Technology Group has a beta of 0.69, suggesting that its stock price is 31% less volatile than the S&P 500.

Bytes Technology Group has a net margin of 22.10% compared to Bytes Technology Group's net margin of 5.31%. Spirent Communications' return on equity of 83.16% beat Bytes Technology Group's return on equity.

Company Net Margins Return on Equity Return on Assets
Spirent Communications5.31% 5.99% 3.22%
Bytes Technology Group 22.10%83.16%11.86%

Spirent Communications pays an annual dividend of GBX 6 per share and has a dividend yield of 3.1%. Bytes Technology Group pays an annual dividend of GBX 8 per share and has a dividend yield of 1.6%. Spirent Communications pays out 20,000.0% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Bytes Technology Group pays out 4,444.4% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future.

125.0% of Spirent Communications shares are held by institutional investors. Comparatively, 70.3% of Bytes Technology Group shares are held by institutional investors. 4.1% of Spirent Communications shares are held by insiders. Comparatively, 9.2% of Bytes Technology Group shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.

Summary

Bytes Technology Group beats Spirent Communications on 13 of the 20 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding BYIT and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of LON 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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BYIT vs. The Competition

MetricBytes Technology GroupSoftware IndustryComputer SectorLON Exchange
Market Cap£1.22B£1.00B£20.95B£1.70B
Dividend Yield1.53%2.99%2.74%7.64%
P/E Ratio2,822.22714.76258.651,949.67
Price / Sales6.12212.18535.26412,360.05
Price / Cash26.6721.2029.3235.02
Price / Book33.875.496.572.72
Net Income£44.10M£2.88M£638.31M£180.67M
7 Day Performance4.06%-0.07%0.42%1.34%
1 Month Performance3.21%-0.84%0.82%3.07%
1 Year Performance20.03%16.57%32.20%10.46%

Bytes Technology Group Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
SPT
Spirent Communications
1.2961 of 5 stars
GBX 193.40
-0.1%
GBX 219.50
+13.5%
+6.5%£1.11B£474.30M6,446.671,656News Coverage
BOKU
Boku
0.7542 of 5 stars
GBX 172
-0.3%
GBX 210
+22.1%
+13.9%£517.19M£82.72M5,733.33305
WPS
W.A.G payment solutions
0 of 5 stars
GBX 66
-1.5%
N/A-26.0%£455.42M£2.09B-1,100.001,329
PAY
PayPoint
1.7595 of 5 stars
GBX 550
+0.4%
GBX 675
+22.7%
+26.7%£399.85M£213.56M1,279.07944Dividend Increase
NETW
Network International
0 of 5 stars
GBX 393
+0.2%
N/A+5.8%£2.09B£490.13M3,930.002,133
DARK
Darktrace
0.2115 of 5 stars
GBX 596.40
-0.8%
GBX 575
-3.6%
+102.3%£4.18B£616.47M4,587.692,300High Trading Volume
KNOS
Kainos Group
0.8442 of 5 stars
GBX 997
+0.4%
GBX 1,280
+28.4%
-17.3%£1.25B£388.28M3,021.213,028Analyst Forecast
OXIG
Oxford Instruments
0.3782 of 5 stars
GBX 2,365
+2.4%
GBX 2,281
-3.6%
-14.8%£1.37B£453.90M2,296.122,000News Coverage
Positive News
Gap Down
AWE
Alphawave IP Group
2.648 of 5 stars
GBX 120.20
+1.9%
GBX 180
+49.8%
N/A£873.39M£315.48M-3,005.00744News Coverage
TRST
Trustpilot Group
0.1357 of 5 stars
GBX 202.50
+0.7%
GBX 225
+11.1%
+165.4%£842.62M£176.36M20,250.00900

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This page (LON:BYIT) was last updated on 5/12/2024 by MarketBeat.com Staff

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