Novanta (NOVT) Competitors

$156.50
-3.53 (-2.21%)
(As of 04/30/2024 ET)

NOVT vs. FYBR, LFUS, HCP, TENB, BMI, FRSH, FN, ZI, RMBS, and SMAR

Should you be buying Novanta stock or one of its competitors? The main competitors of Novanta include Frontier Communications Parent (FYBR), Littelfuse (LFUS), HashiCorp (HCP), Tenable (TENB), Badger Meter (BMI), Freshworks (FRSH), Fabrinet (FN), ZoomInfo Technologies (ZI), Rambus (RMBS), and Smartsheet (SMAR). These companies are all part of the "computer and technology" sector.

Novanta vs.

Frontier Communications Parent (NASDAQ:FYBR) and Novanta (NASDAQ:NOVT) are both mid-cap computer and technology companies, but which is the better stock? We will compare the two companies based on the strength of their risk, institutional ownership, profitability, earnings, valuation, analyst recommendations, media sentiment, community ranking and dividends.

98.4% of Novanta shares are owned by institutional investors. 1.4% of Frontier Communications Parent shares are owned by company insiders. Comparatively, 1.2% of Novanta shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Frontier Communications Parent currently has a consensus target price of $27.43, suggesting a potential upside of 16.77%. Novanta has a consensus target price of $161.00, suggesting a potential upside of 1.35%. Given Novanta's higher possible upside, equities research analysts plainly believe Frontier Communications Parent is more favorable than Novanta.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Frontier Communications Parent
1 Sell rating(s)
0 Hold rating(s)
6 Buy rating(s)
0 Strong Buy rating(s)
2.71
Novanta
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
N/A

Novanta received 271 more outperform votes than Frontier Communications Parent when rated by MarketBeat users. Likewise, 72.14% of users gave Novanta an outperform vote while only 55.17% of users gave Frontier Communications Parent an outperform vote.

CompanyUnderperformOutperform
Frontier Communications ParentOutperform Votes
32
55.17%
Underperform Votes
26
44.83%
NovantaOutperform Votes
303
72.14%
Underperform Votes
117
27.86%

Novanta has a net margin of 8.27% compared to Novanta's net margin of 0.50%. Frontier Communications Parent's return on equity of 17.15% beat Novanta's return on equity.

Company Net Margins Return on Equity Return on Assets
Frontier Communications Parent0.50% 0.56% 0.15%
Novanta 8.27%17.15%8.94%

Frontier Communications Parent has a beta of 1.05, suggesting that its stock price is 5% more volatile than the S&P 500. Comparatively, Novanta has a beta of 1.33, suggesting that its stock price is 33% more volatile than the S&P 500.

In the previous week, Frontier Communications Parent had 1 more articles in the media than Novanta. MarketBeat recorded 3 mentions for Frontier Communications Parent and 2 mentions for Novanta. Frontier Communications Parent's average media sentiment score of 1.77 beat Novanta's score of 0.60 indicating that Novanta is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Frontier Communications Parent
1 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Novanta
1 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Very Positive

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Frontier Communications Parent$5.75B1.02$29M$0.12195.75
Novanta$881.66M6.44$72.88M$2.0378.06

Summary

Novanta beats Frontier Communications Parent on 11 of the 17 factors compared between the two stocks.

New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding NOVT 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 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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NOVT vs. The Competition

MetricNovantaelectrical machinery, equipment, & supplies IndustryComputer SectorNASDAQ Exchange
Market Cap$5.68B$1.07B$19.19B$7.54B
Dividend YieldN/A1.98%2.78%3.95%
P/E Ratio78.069.77231.7315.52
Price / Sales6.449.99526.0085.24
Price / Cash36.6910.5628.1827.95
Price / Book8.423.126.724.26
Net Income$72.88M-$10.58M$628.04M$213.39M
7 Day Performance-0.58%3.32%1.37%0.18%
1 Month Performance-9.33%-5.63%-3.13%-5.54%
1 Year Performance3.68%-11.97%15.78%6.74%

Novanta Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
FYBR
Frontier Communications Parent
0.4379 of 5 stars
$22.87
+4.9%
$27.43
+19.9%
+4.7%$5.68B$5.75B190.5813,300Upcoming Earnings
LFUS
Littelfuse
4.7141 of 5 stars
$231.19
+1.0%
$271.67
+17.5%
-2.6%$5.76B$2.36B22.3617,000Short Interest ↑
HCP
HashiCorp
1.3483 of 5 stars
$29.15
+18.7%
$28.77
-1.3%
+21.6%$5.82B$583.14M-29.742,200High Trading Volume
TENB
Tenable
4.6368 of 5 stars
$46.15
+2.5%
$56.63
+22.7%
+23.4%$5.48B$798.71M-67.871,999Upcoming Earnings
BMI
Badger Meter
3.7522 of 5 stars
$186.55
+3.0%
$162.50
-12.9%
+40.5%$5.48B$703.59M53.762,140Dividend Announcement
FRSH
Freshworks
2.1235 of 5 stars
$18.35
+1.0%
$25.29
+37.8%
+37.9%$5.47B$596.43M-39.044,900Upcoming Earnings
FN
Fabrinet
1.7826 of 5 stars
$168.74
+2.8%
$159.57
-5.4%
+85.4%$5.96B$2.72B24.3814,663Upcoming Earnings
Short Interest ↑
ZI
ZoomInfo Technologies
4.2931 of 5 stars
$15.84
+1.1%
$21.43
+35.3%
-25.0%$6.01B$1.24B58.673,516Upcoming Earnings
Positive News
RMBS
Rambus
3.8338 of 5 stars
$56.44
+3.1%
$73.20
+29.7%
+36.4%$6.13B$461.12M18.81623Earnings Report
News Coverage
Gap Down
SMAR
Smartsheet
4.4437 of 5 stars
$38.29
+1.1%
$49.75
+29.9%
-6.2%$5.26B$958.34M-48.473,330

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This page (NASDAQ:NOVT) was last updated on 4/30/2024 by MarketBeat.com Staff

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