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Are Computer and Technology Stocks Lagging Arista Networks (ANET) This Year?
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For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Arista Networks (ANET - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.
Arista Networks is one of 617 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #8 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Arista Networks is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for ANET's full-year earnings has moved 4.7% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, ANET has moved about 50.2% on a year-to-date basis. At the same time, Computer and Technology stocks have gained an average of 23.1%. As we can see, Arista Networks is performing better than its sector in the calendar year.
Criteo S.A. (CRTO - Free Report) is another Computer and Technology stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 93.3%.
For Criteo S.A. the consensus EPS estimate for the current year has increased 23.8% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Arista Networks belongs to the Communication - Components industry, which includes 11 individual stocks and currently sits at #14 in the Zacks Industry Rank. This group has gained an average of 41.6% so far this year, so ANET is performing better in this area.
On the other hand, Criteo S.A. belongs to the Internet - Software and Services industry. This 11-stock industry is currently ranked #80. The industry has moved +2.2% year to date.
Investors interested in the Computer and Technology sector may want to keep a close eye on Arista Networks and Criteo S.A. as they attempt to continue their solid performance.
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Are Computer and Technology Stocks Lagging Arista Networks (ANET) This Year?
For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Arista Networks (ANET - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.
Arista Networks is one of 617 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #8 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Arista Networks is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for ANET's full-year earnings has moved 4.7% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, ANET has moved about 50.2% on a year-to-date basis. At the same time, Computer and Technology stocks have gained an average of 23.1%. As we can see, Arista Networks is performing better than its sector in the calendar year.
Criteo S.A. (CRTO - Free Report) is another Computer and Technology stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 93.3%.
For Criteo S.A. the consensus EPS estimate for the current year has increased 23.8% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Arista Networks belongs to the Communication - Components industry, which includes 11 individual stocks and currently sits at #14 in the Zacks Industry Rank. This group has gained an average of 41.6% so far this year, so ANET is performing better in this area.
On the other hand, Criteo S.A. belongs to the Internet - Software and Services industry. This 11-stock industry is currently ranked #80. The industry has moved +2.2% year to date.
Investors interested in the Computer and Technology sector may want to keep a close eye on Arista Networks and Criteo S.A. as they attempt to continue their solid performance.