PSTG vs. STX, NTAP, GDDY, TYL, SWKS, ERIC, OKTA, BSY, AKAM, and TER
Should you be buying Pure Storage stock or one of its competitors? The main competitors of Pure Storage include Seagate Technology (STX), NetApp (NTAP), GoDaddy (GDDY), Tyler Technologies (TYL), Skyworks Solutions (SWKS), Telefonaktiebolaget LM Ericsson (publ) (ERIC), Okta (OKTA), Bentley Systems (BSY), Akamai Technologies (AKAM), and Teradyne (TER). These companies are all part of the "computer and technology" sector.
Seagate Technology (NASDAQ:STX) and Pure Storage (NYSE:PSTG) are both large-cap business services companies, but which is the better business? We will contrast the two companies based on the strength of their earnings, institutional ownership, profitability, dividends, analyst recommendations, risk, media sentiment, community ranking and valuation.
Pure Storage has lower revenue, but higher earnings than Seagate Technology. Seagate Technology is trading at a lower price-to-earnings ratio than Pure Storage, indicating that it is currently the more affordable of the two stocks.
In the previous week, Seagate Technology had 45 more articles in the media than Pure Storage. MarketBeat recorded 56 mentions for Seagate Technology and 11 mentions for Pure Storage. Seagate Technology's average media sentiment score of 0.61 beat Pure Storage's score of 0.53 indicating that Pure Storage is being referred to more favorably in the news media.
92.9% of Seagate Technology shares are owned by institutional investors. Comparatively, 83.4% of Pure Storage shares are owned by institutional investors. 0.9% of Seagate Technology shares are owned by insiders. Comparatively, 6.5% of Pure Storage shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.
Seagate Technology currently has a consensus price target of $94.53, indicating a potential upside of 9.87%. Pure Storage has a consensus price target of $51.63, indicating a potential downside of 2.53%. Given Pure Storage's higher probable upside, analysts clearly believe Seagate Technology is more favorable than Pure Storage.
Seagate Technology received 447 more outperform votes than Pure Storage when rated by MarketBeat users. However, 71.30% of users gave Pure Storage an outperform vote while only 58.59% of users gave Seagate Technology an outperform vote.
Seagate Technology has a beta of 1.04, indicating that its stock price is 4% more volatile than the S&P 500. Comparatively, Pure Storage has a beta of 1.15, indicating that its stock price is 15% more volatile than the S&P 500.
Pure Storage has a net margin of 2.17% compared to Pure Storage's net margin of -4.31%. Seagate Technology's return on equity of 12.60% beat Pure Storage's return on equity.
Summary
Pure Storage beats Seagate Technology on 13 of the 18 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding PSTG 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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