NOVT vs. FYBR, LFUS, HCP, TENB, BMI, FRSH, FN, ZI, RMBS, and SMAR
Should you be buying Novanta stock or one of its competitors? The main competitors of Novanta include Frontier Communications Parent (FYBR), Littelfuse (LFUS), HashiCorp (HCP), Tenable (TENB), Badger Meter (BMI), Freshworks (FRSH), Fabrinet (FN), ZoomInfo Technologies (ZI), Rambus (RMBS), and Smartsheet (SMAR). These companies are all part of the "computer and technology" sector.
Frontier Communications Parent (NASDAQ:FYBR) and Novanta (NASDAQ:NOVT) are both mid-cap computer and technology companies, but which is the superior stock? We will compare the two businesses based on the strength of their analyst recommendations, community ranking, dividends, valuation, institutional ownership, earnings, media sentiment, profitability and risk.
Novanta has lower revenue, but higher earnings than Frontier Communications Parent. Novanta is trading at a lower price-to-earnings ratio than Frontier Communications Parent, indicating that it is currently the more affordable of the two stocks.
Frontier Communications Parent has a beta of 1.05, indicating that its share price is 5% more volatile than the S&P 500. Comparatively, Novanta has a beta of 1.33, indicating that its share price is 33% more volatile than the S&P 500.
98.4% of Novanta shares are owned by institutional investors. 1.4% of Frontier Communications Parent shares are owned by company insiders. Comparatively, 1.2% of Novanta shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.
In the previous week, Frontier Communications Parent had 5 more articles in the media than Novanta. MarketBeat recorded 8 mentions for Frontier Communications Parent and 3 mentions for Novanta. Frontier Communications Parent's average media sentiment score of 1.75 beat Novanta's score of 0.91 indicating that Novanta is being referred to more favorably in the news media.
Frontier Communications Parent presently has a consensus price target of $27.43, suggesting a potential upside of 19.62%. Novanta has a consensus price target of $161.00, suggesting a potential upside of 1.18%. Given Novanta's higher possible upside, equities analysts plainly believe Frontier Communications Parent is more favorable than Novanta.
Novanta has a net margin of 8.27% compared to Novanta's net margin of 0.50%. Frontier Communications Parent's return on equity of 17.15% beat Novanta's return on equity.
Novanta received 271 more outperform votes than Frontier Communications Parent when rated by MarketBeat users. Likewise, 72.14% of users gave Novanta an outperform vote while only 55.17% of users gave Frontier Communications Parent an outperform vote.
Summary
Novanta beats Frontier Communications Parent on 11 of the 17 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding NOVT and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
Skip ChartThis 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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