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. Is NeoPhotonics one of those stocks right now? 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.
NeoPhotonics is one of 630 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #7 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. NPTN is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for NPTN's full-year earnings has moved 35.91% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that NPTN has returned about 33.80% since the start of the calendar year. At the same time, Computer and Technology stocks have gained an average of 32.75%. As we can see, NeoPhotonics is performing better than its sector in the calendar year.
To break things down more, NPTN belongs to the Semiconductor - Communications industry, a group that includes 5 individual companies and currently sits at #190 in the Zacks Industry Rank. On average, this group has gained an average of 66.46% so far this year, meaning that NPTN is slightly underperforming its industry in terms of year-to-date returns.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to NPTN as it looks to continue its solid performance.
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Is NeoPhotonics (NPTN) Stock Outpacing Its Computer and Technology Peers 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. Is NeoPhotonics one of those stocks right now? 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.
NeoPhotonics is one of 630 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #7 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. NPTN is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for NPTN's full-year earnings has moved 35.91% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that NPTN has returned about 33.80% since the start of the calendar year. At the same time, Computer and Technology stocks have gained an average of 32.75%. As we can see, NeoPhotonics is performing better than its sector in the calendar year.
To break things down more, NPTN belongs to the Semiconductor - Communications industry, a group that includes 5 individual companies and currently sits at #190 in the Zacks Industry Rank. On average, this group has gained an average of 66.46% so far this year, meaning that NPTN is slightly underperforming its industry in terms of year-to-date returns.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to NPTN as it looks to continue its solid performance.