LITE vs. IRDM, WOLF, RNG, RPD, YELP, SPT, AI, HAYW, VSH, and DOCN
Should you be buying Lumentum stock or one of its competitors? The main competitors of Lumentum include Iridium Communications (IRDM), Wolfspeed (WOLF), RingCentral (RNG), Rapid7 (RPD), Yelp (YELP), Sprout Social (SPT), C3.ai (AI), Hayward (HAYW), Vishay Intertechnology (VSH), and DigitalOcean (DOCN). These companies are all part of the "computer and technology" sector.
Iridium Communications (NASDAQ:IRDM) and Lumentum (NASDAQ:LITE) are both mid-cap computer and technology companies, but which is the better investment? We will contrast the two businesses based on the strength of their dividends, profitability, institutional ownership, earnings, media sentiment, valuation, community ranking, risk and analyst recommendations.
Iridium Communications has higher earnings, but lower revenue than Lumentum. Lumentum 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, Iridium Communications had 18 more articles in the media than Lumentum. MarketBeat recorded 21 mentions for Iridium Communications and 3 mentions for Lumentum. Iridium Communications' average media sentiment score of 1.02 beat Lumentum's score of 0.37 indicating that Lumentum is being referred to more favorably in the news media.
Lumentum received 407 more outperform votes than Iridium Communications when rated by MarketBeat users. Likewise, 72.06% of users gave Lumentum an outperform vote while only 58.76% of users gave Iridium Communications an outperform vote.
Iridium Communications has a net margin of 3.20% compared to Iridium Communications' net margin of -18.52%. Lumentum's return on equity of 2.76% beat Iridium Communications' return on equity.
Iridium Communications has a beta of 0.85, indicating that its share price is 15% less volatile than the S&P 500. Comparatively, Lumentum has a beta of 1.09, indicating that its share price is 9% more volatile than the S&P 500.
Iridium Communications currently has a consensus target price of $44.75, indicating a potential upside of 42.65%. Lumentum has a consensus target price of $52.69, indicating a potential upside of 21.35%. Given Lumentum's stronger consensus rating and higher possible upside, research analysts clearly believe Iridium Communications is more favorable than Lumentum.
84.4% of Iridium Communications shares are held by institutional investors. Comparatively, 94.1% of Lumentum shares are held by institutional investors. 2.0% of Iridium Communications shares are held by company insiders. Comparatively, 0.6% of Lumentum shares are held 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.
Summary
Iridium Communications beats Lumentum on 12 of the 19 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding LITE 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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