EGHT vs. QBTS, PCYG, VNET, SOHU, TCX, OOMA, TRVG, BAND, SY, and LTRPA
Should you be buying 8X8 stock or one of its competitors? The main competitors of 8X8 include D-Wave Quantum (QBTS), Park City Group (PCYG), VNET Group (VNET), Sohu.com (SOHU), Tucows (TCX), Ooma (OOMA), trivago (TRVG), Bandwidth (BAND), So-Young International (SY), and Liberty TripAdvisor (LTRPA).
8X8 (NASDAQ:EGHT) and D-Wave Quantum (NYSE:QBTS) 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 analyst recommendations, earnings, risk, dividends, media sentiment, profitability, institutional ownership, community ranking and valuation.
8X8 has a beta of 1.46, suggesting that its stock price is 46% more volatile than the S&P 500. Comparatively, D-Wave Quantum has a beta of 0.9, suggesting that its stock price is 10% less volatile than the S&P 500.
8X8 has a net margin of -7.28% compared to D-Wave Quantum's net margin of -940.27%. D-Wave Quantum's return on equity of 0.00% beat 8X8's return on equity.
8X8 received 3 more outperform votes than D-Wave Quantum when rated by MarketBeat users. However, 76.47% of users gave D-Wave Quantum an outperform vote while only 59.26% of users gave 8X8 an outperform vote.
8X8 currently has a consensus price target of $3.68, indicating a potential upside of 57.20%. D-Wave Quantum has a consensus price target of $2.80, indicating a potential upside of 78.91%. Given D-Wave Quantum's stronger consensus rating and higher possible upside, analysts plainly believe D-Wave Quantum is more favorable than 8X8.
8X8 has higher revenue and earnings than D-Wave Quantum. 8X8 is trading at a lower price-to-earnings ratio than D-Wave Quantum, indicating that it is currently the more affordable of the two stocks.
In the previous week, 8X8 had 10 more articles in the media than D-Wave Quantum. MarketBeat recorded 12 mentions for 8X8 and 2 mentions for D-Wave Quantum. D-Wave Quantum's average media sentiment score of 0.18 beat 8X8's score of 0.18 indicating that D-Wave Quantum is being referred to more favorably in the news media.
94.0% of 8X8 shares are owned by institutional investors. Comparatively, 42.5% of D-Wave Quantum shares are owned by institutional investors. 1.1% of 8X8 shares are owned by insiders. Comparatively, 13.1% of D-Wave Quantum shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.
Summary
8X8 and D-Wave Quantum tied by winning 9 of the 18 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding EGHT 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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