Investors focused on the Computer and Technology space have likely heard of NeoPhotonics , 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.
NeoPhotonics is a member of the Computer and Technology sector. This group includes 614 individual stocks and currently holds a Zacks Sector Rank of #3. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. NPTN is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for NPTN's full-year earnings has moved 269.57% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, NPTN has gained about 9.07% so far this year. At the same time, Computer and Technology stocks have lost an average of 2.06%. This means that NeoPhotonics is outperforming the sector as a whole this year.
Looking more specifically, NPTN belongs to the Semiconductor - Communications industry, which includes 4 individual stocks and currently sits at #18 in the Zacks Industry Rank. This group has gained an average of 1.20% so far this year, so NPTN is performing better in this area.
Investors with an interest in Computer and Technology stocks should continue to track NPTN. 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 focused on the Computer and Technology space have likely heard of NeoPhotonics , 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.
NeoPhotonics is a member of the Computer and Technology sector. This group includes 614 individual stocks and currently holds a Zacks Sector Rank of #3. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. NPTN is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for NPTN's full-year earnings has moved 269.57% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, NPTN has gained about 9.07% so far this year. At the same time, Computer and Technology stocks have lost an average of 2.06%. This means that NeoPhotonics is outperforming the sector as a whole this year.
Looking more specifically, NPTN belongs to the Semiconductor - Communications industry, which includes 4 individual stocks and currently sits at #18 in the Zacks Industry Rank. This group has gained an average of 1.20% so far this year, so NPTN is performing better in this area.
Investors with an interest in Computer and Technology stocks should continue to track NPTN. 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 >>