MGIC vs. SCWX, KC, CGNT, WKME, LAW, CRNC, DDD, BAND, BBAI, and BLZE
Should you be buying Magic Software Enterprises stock or one of its competitors? The main competitors of Magic Software Enterprises include SecureWorks (SCWX), Kingsoft Cloud (KC), Cognyte Software (CGNT), WalkMe (WKME), CS Disco (LAW), Cerence (CRNC), 3D Systems (DDD), Bandwidth (BAND), BigBear.ai (BBAI), and Backblaze (BLZE). These companies are all part of the "prepackaged software" industry.
Magic Software Enterprises (NASDAQ:MGIC) and SecureWorks (NASDAQ:SCWX) are both small-cap computer and technology companies, but which is the better business? We will contrast the two businesses based on the strength of their earnings, profitability, risk, valuation, media sentiment, analyst recommendations, community ranking, institutional ownership and dividends.
Magic Software Enterprises has higher revenue and earnings than SecureWorks. SecureWorks is trading at a lower price-to-earnings ratio than Magic Software Enterprises, indicating that it is currently the more affordable of the two stocks.
SecureWorks received 7 more outperform votes than Magic Software Enterprises when rated by MarketBeat users. However, 60.21% of users gave Magic Software Enterprises an outperform vote while only 57.14% of users gave SecureWorks an outperform vote.
Magic Software Enterprises has a net margin of 6.92% compared to SecureWorks' net margin of -23.52%. Magic Software Enterprises' return on equity of 17.33% beat SecureWorks' return on equity.
Magic Software Enterprises has a beta of 1.17, meaning that its stock price is 17% more volatile than the S&P 500. Comparatively, SecureWorks has a beta of 0.99, meaning that its stock price is 1% less volatile than the S&P 500.
24.7% of Magic Software Enterprises shares are owned by institutional investors. Comparatively, 14.4% of SecureWorks shares are owned by institutional investors. 4.5% of Magic Software Enterprises shares are owned by company insiders. Comparatively, 83.1% of SecureWorks shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.
In the previous week, SecureWorks had 2 more articles in the media than Magic Software Enterprises. MarketBeat recorded 4 mentions for SecureWorks and 2 mentions for Magic Software Enterprises. Magic Software Enterprises' average media sentiment score of 0.59 beat SecureWorks' score of -0.52 indicating that Magic Software Enterprises is being referred to more favorably in the media.
Magic Software Enterprises presently has a consensus price target of $14.00, indicating a potential upside of 19.15%. SecureWorks has a consensus price target of $7.08, indicating a potential upside of 22.97%. Given SecureWorks' higher probable upside, analysts clearly believe SecureWorks is more favorable than Magic Software Enterprises.
Summary
Magic Software Enterprises beats SecureWorks 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 MGIC 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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