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Has Ubiquiti (UI) Outpaced Other Computer and Technology Stocks This Year?
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Investors focused on the Computer and Technology space have likely heard of Ubiquiti (UI - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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.
Ubiquiti is one of 630 companies in the Computer and Technology group. The Computer and Technology group currently sits at #7 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. UI is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for UI's full-year earnings has moved 4.71% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, UI has returned 87.40% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 32.75% on average. This means that Ubiquiti is performing better than its sector in terms of year-to-date returns.
Looking more specifically, UI belongs to the Wireless Equipment industry, a group that includes 14 individual stocks and currently sits at #55 in the Zacks Industry Rank. This group has gained an average of 25.77% so far this year, so UI is performing better in this area.
UI will likely be looking to continue its solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to the company.
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Has Ubiquiti (UI) Outpaced Other Computer and Technology Stocks This Year?
Investors focused on the Computer and Technology space have likely heard of Ubiquiti (UI - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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.
Ubiquiti is one of 630 companies in the Computer and Technology group. The Computer and Technology group currently sits at #7 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. UI is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for UI's full-year earnings has moved 4.71% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, UI has returned 87.40% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 32.75% on average. This means that Ubiquiti is performing better than its sector in terms of year-to-date returns.
Looking more specifically, UI belongs to the Wireless Equipment industry, a group that includes 14 individual stocks and currently sits at #55 in the Zacks Industry Rank. This group has gained an average of 25.77% so far this year, so UI is performing better in this area.
UI will likely be looking to continue its solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to the company.