MGIC vs. SCWX, CGNT, BAND, LAW, DDD, WKME, KC, BBAI, CRNC, and BLZE
Should you be buying Magic Software Enterprises stock or one of its competitors? The main competitors of Magic Software Enterprises include SecureWorks (SCWX), Cognyte Software (CGNT), Bandwidth (BAND), CS Disco (LAW), 3D Systems (DDD), WalkMe (WKME), Kingsoft Cloud (KC), BigBear.ai (BBAI), Cerence (CRNC), and Backblaze (BLZE). These companies are all part of the "prepackaged software" industry.
Magic Software Enterprises (NASDAQ:MGIC) and SecureWorks (NASDAQ:SCWX) are both small-cap computer and technology companies, but which is the better stock? We will compare the two businesses based on the strength of their risk, earnings, community ranking, valuation, profitability, dividends, institutional ownership, analyst recommendations and media sentiment.
SecureWorks received 7 more outperform votes than Magic Software Enterprises when rated by MarketBeat users. However, 60.21% of users gave Magic Software Enterprises an outperform vote while only 57.14% of users gave SecureWorks an outperform vote.
Magic Software Enterprises has higher revenue and earnings than SecureWorks. SecureWorks is trading at a lower price-to-earnings ratio than Magic Software Enterprises, indicating that it is currently the more affordable of the two stocks.
Magic Software Enterprises has a net margin of 6.92% compared to SecureWorks' net margin of -23.52%. Magic Software Enterprises' return on equity of 17.33% beat SecureWorks' return on equity.
In the previous week, SecureWorks had 2 more articles in the media than Magic Software Enterprises. MarketBeat recorded 4 mentions for SecureWorks and 2 mentions for Magic Software Enterprises. SecureWorks' average media sentiment score of 1.26 beat Magic Software Enterprises' score of 0.35 indicating that SecureWorks is being referred to more favorably in the news media.
24.7% of Magic Software Enterprises shares are held by institutional investors. Comparatively, 14.4% of SecureWorks shares are held by institutional investors. 4.5% of Magic Software Enterprises shares are held by insiders. Comparatively, 83.1% of SecureWorks shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.
Magic Software Enterprises has a beta of 1.12, suggesting that its share price is 12% more volatile than the S&P 500. Comparatively, SecureWorks has a beta of 0.99, suggesting that its share price is 1% less volatile than the S&P 500.
Magic Software Enterprises presently has a consensus target price of $14.00, suggesting a potential upside of 17.65%. SecureWorks has a consensus target price of $7.08, suggesting a potential upside of 20.06%. Given SecureWorks' higher probable upside, analysts plainly believe SecureWorks is more favorable than Magic Software Enterprises.
Summary
Magic Software Enterprises beats SecureWorks on 12 of the 18 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding MGIC 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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