Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has Arista Networks (ANET - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Arista Networks is one of 642 companies in the Computer and Technology group. The Computer and Technology group currently sits at #8 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 proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. ANET is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for ANET's full-year earnings has moved 5.06% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, ANET has moved about 47.03% on a year-to-date basis. In comparison, Computer and Technology companies have returned an average of 17.14%. This means that Arista Networks is outperforming the sector as a whole this year.
Breaking things down more, ANET is a member of the Communication - Components industry, which includes 24 individual companies and currently sits at #19 in the Zacks Industry Rank. On average, stocks in this group have gained 24.04% this year, meaning that ANET is performing better in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track ANET. The stock will be looking to continue its solid performance.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has Arista Networks (ANET - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Arista Networks is one of 642 companies in the Computer and Technology group. The Computer and Technology group currently sits at #8 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 proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. ANET is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for ANET's full-year earnings has moved 5.06% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, ANET has moved about 47.03% on a year-to-date basis. In comparison, Computer and Technology companies have returned an average of 17.14%. This means that Arista Networks is outperforming the sector as a whole this year.
Breaking things down more, ANET is a member of the Communication - Components industry, which includes 24 individual companies and currently sits at #19 in the Zacks Industry Rank. On average, stocks in this group have gained 24.04% this year, meaning that ANET is performing better in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track ANET. The stock will be looking to continue its solid performance.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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