Canaan (NASDAQ:CAN) and Seagate Technology (NASDAQ:STX) Head-To-Head Survey

Canaan (NASDAQ:CAN) and Seagate Technology (NASDAQ:STX) are both technology companies, but which is the better business? We will contrast the two companies based on the strength of their risk, institutional ownership, earnings, dividends, valuation, analyst recommendations and profitability.

Earnings and Valuation

This table compares Canaan and Seagate Technology”s revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Canaan	$529.73 million	0.29	-$210.27 million	($0.44)	-0.49
Seagate Technology	$12.20 billion	11.76	$3.18 billion	$13.88	45.42

Seagate Technology has higher revenue and earnings than Canaan. Canaan is trading at a lower price-to-earnings ratio than Seagate Technology, indicating that it is currently the more affordable of the two stocks.

Volatility & Risk

Canaan has a beta of 2.63, meaning that its share price is 163% more volatile than the S&P 500. Comparatively, Seagate Technology has a beta of 2.06, meaning that its share price is 106% more volatile than the S&P 500.

Profitability

This table compares Canaan and Seagate Technology’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Canaan	-67.78%	-77.73%	-51.51%
Seagate Technology	26.11%	369.98%	37.58%

Analyst Ratings

This is a breakdown of current ratings and recommmendations for Canaan and Seagate Technology, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Canaan	2	0	5	1	2.62
Seagate Technology	0	5	22	0	2.81

Canaan presently has a consensus target price of $1.75, suggesting a potential upside of 706.45%. Seagate Technology has a consensus target price of $975.92, suggesting a potential upside of 54.79%. Given Canaan’s higher probable upside, research analysts plainly believe Canaan is more favorable than Seagate Technology.

Institutional and Insider Ownership

70.1% of Canaan shares are owned by institutional investors. Comparatively, 92.9% of Seagate Technology shares are owned by institutional investors. 0.3% of Canaan shares are owned by company insiders. Comparatively, 0.5% of Seagate Technology shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.

Summary

Seagate Technology beats Canaan on 12 of the 15 factors compared between the two stocks.

About Canaan

Canaan Inc. engages in the research, design, and sale of integrated circuit (IC) final mining equipment products by integrating IC products for bitcoin mining and related components in the People's Republic of China. It is also involved in the assembly and distribution of mining equipment and spare parts. The company has operations in the United States, Australia, Kazakhstan, Hong Kong, Canada, Mainland China, Thailand, Sweden, and internationally. Canaan Inc. was founded in 2013 and is based in Singapore.

About Seagate Technology

Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It provides mass capacity storage products, including enterprise nearline hard disk drives (HDDs), enterprise nearline solid state drives (SSDs), enterprise nearline systems, video and image HDDs, and network-attached storage drives. The company also offers legacy applications comprising Mission Critical HDDs and SSDs; external storage solutions under the Seagate Ultra Touch, One Touch, and Expansion product lines, as well as under the LaCie brand name; desktop drives; notebook drives, DVR HDDs, and gaming SSDs. In addition, it provides Lyve edge-to-cloud mass capacity platform. The company sells its products primarily to OEMs, distributors, and retailers. Seagate Technology Holdings plc was founded in 1978 and is based in Dublin, Ireland.