IRDM vs. LITE, DBX, PSTG, WCC, WOLF, CIEN, ST, BILL, NVT, and OLED
Should you be buying Iridium Communications stock or one of its competitors? The main competitors of Iridium Communications include Lumentum (LITE), Dropbox (DBX), Pure Storage (PSTG), WESCO International (WCC), Wolfspeed (WOLF), Ciena (CIEN), Sensata Technologies (ST), BILL (BILL), nVent Electric (NVT), and Universal Display (OLED). These companies are all part of the "computer and technology" sector.
Iridium Communications vs.
Lumentum (NASDAQ:LITE) and Iridium Communications (NASDAQ:IRDM) are both mid-cap computer and technology companies, but which is the better business? We will contrast the two businesses based on the strength of their valuation, dividends, media sentiment, analyst recommendations, risk, institutional ownership, profitability, earnings and community ranking.
Lumentum received 400 more outperform votes than Iridium Communications when rated by MarketBeat users. Likewise, 73.69% of users gave Lumentum an outperform vote while only 59.10% of users gave Iridium Communications an outperform vote.
Lumentum has a beta of 1.1, meaning that its share price is 10% more volatile than the S&P 500. Comparatively, Iridium Communications has a beta of 1.11, meaning that its share price is 11% more volatile than the S&P 500.
Lumentum has higher revenue and earnings than Iridium Communications. Lumentum is trading at a lower price-to-earnings ratio than Iridium Communications, indicating that it is currently the more affordable of the two stocks.
92.5% of Lumentum shares are owned by institutional investors. Comparatively, 83.8% of Iridium Communications shares are owned by institutional investors. 0.5% of Lumentum shares are owned by company insiders. Comparatively, 2.5% of Iridium Communications shares are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.
In the previous week, Iridium Communications had 4 more articles in the media than Lumentum. MarketBeat recorded 7 mentions for Iridium Communications and 3 mentions for Lumentum. Iridium Communications' average media sentiment score of 1.29 beat Lumentum's score of 0.31 indicating that Iridium Communications is being referred to more favorably in the news media.
Lumentum has a net margin of 1.56% compared to Iridium Communications' net margin of 1.21%. Lumentum's return on equity of 17.77% beat Iridium Communications' return on equity.
Lumentum currently has a consensus price target of $68.43, indicating a potential upside of 33.16%. Iridium Communications has a consensus price target of $63.75, indicating a potential upside of 6.52%. Given Lumentum's higher probable upside, research analysts plainly believe Lumentum is more favorable than Iridium Communications.
Summary
Lumentum beats Iridium Communications on 11 of the 19 factors compared between the two stocks.
New MarketBeat Followers Over Time
This chart shows the number of new MarketBeat users adding IRDM and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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.
Iridium Communications Competitors List
