SNPS vs. CDNS, ADSK, PLTR, EA, ANSS, SPLK, MSTR, OKTA, DOCU, and IBM
Should you be buying Synopsys stock or one of its competitors? The main competitors of Synopsys include Cadence Design Systems (CDNS), Autodesk (ADSK), Palantir Technologies (PLTR), Electronic Arts (EA), ANSYS (ANSS), Splunk (SPLK), MicroStrategy (MSTR), Okta (OKTA), DocuSign (DOCU), and International Business Machines (IBM).
Synopsys (NASDAQ:SNPS) and Cadence Design Systems (NASDAQ:CDNS) are both large-cap computer and technology companies, but which is the superior investment? We will contrast the two companies based on the strength of their media sentiment, profitability, dividends, institutional ownership, earnings, analyst recommendations, community ranking, valuation and risk.
85.5% of Synopsys shares are owned by institutional investors. Comparatively, 84.9% of Cadence Design Systems shares are owned by institutional investors. 0.7% of Synopsys shares are owned by company insiders. Comparatively, 0.6% of Cadence Design Systems shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.
In the previous week, Cadence Design Systems had 61 more articles in the media than Synopsys. MarketBeat recorded 69 mentions for Cadence Design Systems and 8 mentions for Synopsys. Synopsys' average media sentiment score of 1.58 beat Cadence Design Systems' score of 0.42 indicating that Synopsys is being referred to more favorably in the media.
Cadence Design Systems has a net margin of 25.46% compared to Synopsys' net margin of 22.96%. Cadence Design Systems' return on equity of 35.57% beat Synopsys' return on equity.
Synopsys has higher revenue and earnings than Cadence Design Systems. Synopsys is trading at a lower price-to-earnings ratio than Cadence Design Systems, indicating that it is currently the more affordable of the two stocks.
Synopsys received 245 more outperform votes than Cadence Design Systems when rated by MarketBeat users. Likewise, 72.09% of users gave Synopsys an outperform vote while only 71.19% of users gave Cadence Design Systems an outperform vote.
Synopsys has a beta of 1.06, meaning that its share price is 6% more volatile than the S&P 500. Comparatively, Cadence Design Systems has a beta of 1.04, meaning that its share price is 4% more volatile than the S&P 500.
Synopsys presently has a consensus price target of $601.00, suggesting a potential upside of 13.86%. Cadence Design Systems has a consensus price target of $316.50, suggesting a potential upside of 13.34%. Given Synopsys' stronger consensus rating and higher possible upside, equities analysts clearly believe Synopsys is more favorable than Cadence Design Systems.
Summary
Synopsys beats Cadence Design Systems on 12 of the 18 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding SNPS 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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