CGNT vs. SCWX, BAND, DDD, MGIC, LAW, WEAV, BLZE, CRNC, WKME, and BBAI
Should you be buying Cognyte Software stock or one of its competitors? The main competitors of Cognyte Software include SecureWorks (SCWX), Bandwidth (BAND), 3D Systems (DDD), Magic Software Enterprises (MGIC), CS Disco (LAW), Weave Communications (WEAV), Backblaze (BLZE), Cerence (CRNC), WalkMe (WKME), and BigBear.ai (BBAI). These companies are all part of the "prepackaged software" industry.
Cognyte Software (NASDAQ:CGNT) and SecureWorks (NASDAQ:SCWX) are both small-cap computer and technology companies, but which is the better investment? We will compare the two businesses based on the strength of their profitability, analyst recommendations, community ranking, valuation, media sentiment, institutional ownership, risk, earnings and dividends.
Cognyte Software presently has a consensus target price of $7.75, indicating a potential upside of 1.44%. SecureWorks has a consensus target price of $7.08, indicating a potential upside of 6.20%. Given SecureWorks' higher probable upside, analysts plainly believe SecureWorks is more favorable than Cognyte Software.
Cognyte Software has a beta of 1.72, meaning that its share price is 72% more volatile than the S&P 500. Comparatively, SecureWorks has a beta of 0.99, meaning that its share price is 1% less volatile than the S&P 500.
72.9% of Cognyte Software shares are owned by institutional investors. Comparatively, 14.4% of SecureWorks shares are owned by institutional investors. 83.1% of SecureWorks shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.
SecureWorks received 89 more outperform votes than Cognyte Software when rated by MarketBeat users. Likewise, 57.14% of users gave SecureWorks an outperform vote while only 56.40% of users gave Cognyte Software an outperform vote.
Cognyte Software has a net margin of -4.97% compared to SecureWorks' net margin of -23.52%. SecureWorks' return on equity of -9.56% beat Cognyte Software's return on equity.
In the previous week, Cognyte Software had 2 more articles in the media than SecureWorks. MarketBeat recorded 4 mentions for Cognyte Software and 2 mentions for SecureWorks. Cognyte Software's average media sentiment score of 0.20 beat SecureWorks' score of -0.53 indicating that Cognyte Software is being referred to more favorably in the media.
Cognyte Software has higher earnings, but lower revenue than SecureWorks. Cognyte Software is trading at a lower price-to-earnings ratio than SecureWorks, indicating that it is currently the more affordable of the two stocks.
Summary
Cognyte Software beats SecureWorks on 10 of the 17 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding CGNT 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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