IRDM vs. CCOI, LITE, ESE, VCRA, NSSC, ORBC, AIOT, PWFL, HEAR, and ITI
Should you be buying Iridium Communications stock or one of its competitors? The main competitors of Iridium Communications include Cogent Communications (CCOI), Lumentum (LITE), ESCO Technologies (ESE), Vocera Communications (VCRA), Napco Security Technologies (NSSC), ORBCOMM (ORBC), Powerfleet (AIOT), PowerFleet (PWFL), Turtle Beach (HEAR), and Iteris (ITI).
Cogent Communications (NASDAQ:CCOI) and Iridium Communications (NASDAQ:IRDM) are both mid-cap computer and technology companies, but which is the superior stock? We will compare the two companies based on the strength of their analyst recommendations, risk, valuation, dividends, media sentiment, community ranking, profitability, earnings and institutional ownership.
Cogent Communications has a beta of 0.41, suggesting that its stock price is 59% less volatile than the S&P 500. Comparatively, Iridium Communications has a beta of 0.65, suggesting that its stock price is 35% less volatile than the S&P 500.
Cogent Communications pays an annual dividend of $3.90 per share and has a dividend yield of 5.7%. Iridium Communications pays an annual dividend of $0.56 per share and has a dividend yield of 1.9%. Cogent Communications pays out 15.5% of its earnings in the form of a dividend. Iridium Communications pays out 266.7% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Cogent Communications has raised its dividend for 13 consecutive years. Cogent Communications is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.
Cogent Communications currently has a consensus price target of $73.57, indicating a potential upside of 7.31%. Iridium Communications has a consensus price target of $45.00, indicating a potential upside of 54.80%. Given Cogent Communications' stronger consensus rating and higher possible upside, analysts clearly believe Iridium Communications is more favorable than Cogent Communications.
Cogent Communications has a net margin of 114.09% compared to Cogent Communications' net margin of 11.08%. Cogent Communications' return on equity of 10.23% beat Iridium Communications' return on equity.
In the previous week, Iridium Communications had 27 more articles in the media than Cogent Communications. MarketBeat recorded 33 mentions for Iridium Communications and 6 mentions for Cogent Communications. Iridium Communications' average media sentiment score of 1.10 beat Cogent Communications' score of 0.87 indicating that Cogent Communications is being referred to more favorably in the media.
92.5% of Cogent Communications shares are held by institutional investors. Comparatively, 84.4% of Iridium Communications shares are held by institutional investors. 11.4% of Cogent Communications shares are held by insiders. Comparatively, 2.0% of Iridium Communications shares are held 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.
Cogent Communications received 9 more outperform votes than Iridium Communications when rated by MarketBeat users. Likewise, 61.55% of users gave Cogent Communications an outperform vote while only 58.74% of users gave Iridium Communications an outperform vote.
Cogent Communications has higher revenue and earnings than Iridium Communications. Cogent Communications is trading at a lower price-to-earnings ratio than Iridium Communications, indicating that it is currently the more affordable of the two stocks.
Summary
Cogent Communications beats Iridium Communications on 13 of the 22 factors compared between the two stocks.
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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.
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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