Critical Review: Veea (VEEA) & Its Rivals

Veea (NASDAQ:VEEA) is one of 253 publicly-traded companies in the “INTERNET SOFTWARE” industry, but how does it contrast to its competitors? We will compare Veea to similar companies based on the strength of its risk, institutional ownership, earnings, valuation, profitability, dividends and analyst recommendations.

Profitability

This table compares Veea and its competitors’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Veea	-804.53%	N/A	-0.37%
Veea Competitors	-224.46%	-66.71%	-6.36%

Earnings & Valuation

This table compares Veea and its competitors revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Veea	$140,000.00	-$47.55 million	46.13
Veea Competitors	$2.17 billion	$337.60 million	-28.82

Veea’s competitors have higher revenue and earnings than Veea. Veea is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.

Analyst Recommendations

This is a breakdown of current ratings and target prices for Veea and its competitors, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Veea	1	0	0	0	1.00
Veea Competitors	2086	10703	21002	585	2.58

As a group, “INTERNET SOFTWARE” companies have a potential upside of 30.79%. Given Veea’s competitors stronger consensus rating and higher probable upside, analysts plainly believe Veea has less favorable growth aspects than its competitors.

Risk and Volatility

Veea has a beta of 0.24, indicating that its stock price is 76% less volatile than the S&P 500. Comparatively, Veea’s competitors have a beta of 1.67, indicating that their average stock price is 67% more volatile than the S&P 500.

Institutional & Insider Ownership

25.9% of Veea shares are held by institutional investors. Comparatively, 60.4% of shares of all “INTERNET SOFTWARE” companies are held by institutional investors. 71.0% of Veea shares are held by insiders. Comparatively, 17.3% of shares of all “INTERNET SOFTWARE” companies are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.

Summary

Veea competitors beat Veea on 9 of the 13 factors compared.

Veea Company Profile

Veea Inc. provides computing, multiaccess multiprotocol communications, edge storage, and cybersecurity solutions. The company offers multiaccess edge computing (MEC) platform that redefines connectivity and computing at the edge by integrating functions of servers, network attached storage (NAS), routers, firewalls, Wi-Fi Access Points, IoT gateways, and 4G and 5G connections; and Veea Edge Platform enables direct connections from the optical fiber, cellular, and satellite networks. It also provides VeeaHub STAX, an edge computing product integrated with wireless access, including Wi-Fi 6; VeeaHub that offers connectivity options for pro indoor smart edge applications; and VeeaHub Outdoor that integrates with wireless connectivity for smart edge applications in outdoor and industrial environments. The company also offers TROLLEE, a smart shopping cart platform; the VeeaHub toolkit; and Veea AdEdge, an advertising platform. Veea Inc. was founded in 2014 and is headquartered in New York, New York.