GLW vs. HPQ, MDB, GRMN, MTD, ZS, ON, SPLK, KEYS, FTV, and ANSS
Should you be buying Corning stock or one of its competitors? The main competitors of Corning include HP (HPQ), MongoDB (MDB), Garmin (GRMN), Mettler-Toledo International (MTD), Zscaler (ZS), Onsemi (ON), Splunk (SPLK), Keysight Technologies (KEYS), Fortive (FTV), and ANSYS (ANSS). These companies are all part of the "computer and technology" sector.
HP (NYSE:HPQ) and Corning (NYSE:GLW) are both large-cap computer and technology companies, but which is the better stock? We will contrast the two businesses based on the strength of their analyst recommendations, media sentiment, risk, community ranking, earnings, profitability, valuation, dividends and institutional ownership.
HP received 598 more outperform votes than Corning when rated by MarketBeat users. However, 64.34% of users gave Corning an outperform vote while only 60.94% of users gave HP an outperform vote.
HP pays an annual dividend of $1.10 per share and has a dividend yield of 3.9%. Corning pays an annual dividend of $1.12 per share and has a dividend yield of 3.6%. HP pays out 32.2% of its earnings in the form of a dividend. Corning pays out 167.2% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. HP has increased its dividend for 14 consecutive years and Corning has increased its dividend for 13 consecutive years. HP is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.
HP has a beta of 1.05, indicating that its share price is 5% more volatile than the S&P 500. Comparatively, Corning has a beta of 1.08, indicating that its share price is 8% more volatile than the S&P 500.
HP currently has a consensus target price of $33.11, suggesting a potential upside of 18.25%. Corning has a consensus target price of $34.78, suggesting a potential upside of 11.00%. Given Corning's stronger consensus rating and higher possible upside, research analysts plainly believe HP is more favorable than Corning.
HP has a net margin of 6.45% compared to HP's net margin of 4.62%. HP's return on equity of 12.31% beat Corning's return on equity.
77.5% of HP shares are held by institutional investors. Comparatively, 69.8% of Corning shares are held by institutional investors. 0.4% of HP shares are held by company insiders. Comparatively, 0.4% of Corning shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.
HP has higher revenue and earnings than Corning. HP is trading at a lower price-to-earnings ratio than Corning, indicating that it is currently the more affordable of the two stocks.
In the previous week, HP had 6 more articles in the media than Corning. MarketBeat recorded 25 mentions for HP and 19 mentions for Corning. Corning's average media sentiment score of 0.57 beat HP's score of 0.51 indicating that HP is being referred to more favorably in the media.
Summary
HP beats Corning on 16 of the 21 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding GLW 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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