WDC vs. NTAP, PSTG, NICE, TRMB, TME, DOX, JBL, GDDY, BSY, and LSCC
Should you be buying Western Digital stock or one of its competitors? The main competitors of Western Digital include NetApp (NTAP), Pure Storage (PSTG), NICE (NICE), Trimble (TRMB), Tencent Music Entertainment Group (TME), Amdocs (DOX), Jabil (JBL), GoDaddy (GDDY), Bentley Systems (BSY), and Lattice Semiconductor (LSCC). These companies are all part of the "computer and technology" sector.
Western Digital vs.
NetApp (NASDAQ:NTAP) and Western Digital (NASDAQ:WDC) are both large-cap computer and technology companies, but which is the better business? We will compare the two companies based on the strength of their community ranking, valuation, institutional ownership, analyst recommendations, dividends, earnings, profitability, risk and media sentiment.
Western Digital has higher revenue and earnings than NetApp. Western Digital is trading at a lower price-to-earnings ratio than NetApp, indicating that it is currently the more affordable of the two stocks.
NetApp currently has a consensus target price of $74.24, indicating a potential upside of 10.03%. Western Digital has a consensus target price of $46.67, indicating a potential upside of 20.59%. Given Western Digital's stronger consensus rating and higher probable upside, analysts clearly believe Western Digital is more favorable than NetApp.
In the previous week, NetApp had 4 more articles in the media than Western Digital. MarketBeat recorded 15 mentions for NetApp and 11 mentions for Western Digital. Western Digital's average media sentiment score of 1.00 beat NetApp's score of 0.19 indicating that Western Digital is being referred to more favorably in the news media.
Western Digital received 887 more outperform votes than NetApp when rated by MarketBeat users. Likewise, 74.45% of users gave Western Digital an outperform vote while only 54.48% of users gave NetApp an outperform vote.
NetApp has a beta of 1.2, suggesting that its share price is 20% more volatile than the S&P 500. Comparatively, Western Digital has a beta of 1.69, suggesting that its share price is 69% more volatile than the S&P 500.
NetApp has a net margin of 19.93% compared to Western Digital's net margin of -4.87%. NetApp's return on equity of 103.19% beat Western Digital's return on equity.
87.9% of NetApp shares are owned by institutional investors. Comparatively, 85.5% of Western Digital shares are owned by institutional investors. 0.3% of NetApp shares are owned by insiders. Comparatively, 0.2% of Western Digital shares are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.
NetApp pays an annual dividend of $2.00 per share and has a dividend yield of 3.0%. Western Digital pays an annual dividend of $2.00 per share and has a dividend yield of 5.2%. NetApp pays out 34.4% of its earnings in the form of a dividend. Western Digital pays out -91.3% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Western Digital is clearly the better dividend stock, given its higher yield and lower payout ratio.
Summary
NetApp and Western Digital tied by winning 10 of the 20 factors compared between the two stocks.
New MarketBeat Followers Over Time
This chart shows the number of new MarketBeat users adding WDC 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.
Western Digital Competitors List
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