Investors focused on the Computer and Technology space have likely heard of Mellanox Technologies , but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
Mellanox Technologies is one of 626 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #3 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 is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. MLNX is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for MLNX's full-year earnings has moved 7.72% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, MLNX has moved about 25.42% on a year-to-date basis. Meanwhile, stocks in the Computer and Technology group have gained about 10.45% on average. This means that Mellanox Technologies is outperforming the sector as a whole this year.
Looking more specifically, MLNX belongs to the Electronics - Semiconductors industry, a group that includes 33 individual stocks and currently sits at #65 in the Zacks Industry Rank. On average, stocks in this group have lost 4.19% this year, meaning that MLNX is performing better in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on MLNX as it attempts to continue its solid performance.
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Is Mellanox Technologies (MLNX) Stock Outpacing Its Computer and Technology Peers This Year?
Investors focused on the Computer and Technology space have likely heard of Mellanox Technologies , but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
Mellanox Technologies is one of 626 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #3 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 is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. MLNX is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for MLNX's full-year earnings has moved 7.72% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, MLNX has moved about 25.42% on a year-to-date basis. Meanwhile, stocks in the Computer and Technology group have gained about 10.45% on average. This means that Mellanox Technologies is outperforming the sector as a whole this year.
Looking more specifically, MLNX belongs to the Electronics - Semiconductors industry, a group that includes 33 individual stocks and currently sits at #65 in the Zacks Industry Rank. On average, stocks in this group have lost 4.19% this year, meaning that MLNX is performing better in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on MLNX as it attempts to continue its solid performance.