We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is A10 Networks (ATEN) Stock Outpacing Its Computer and Technology Peers This Year?
Read MoreHide Full Article
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. Has A10 Networks (ATEN - 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.
A10 Networks is a member of the Computer and Technology sector. This group includes 657 individual stocks and currently holds a Zacks Sector Rank of #5. 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 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. A10 Networks is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for ATEN's full-year earnings has moved 30% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that ATEN has returned about 1% since the start of the calendar year. Meanwhile, stocks in the Computer and Technology group have lost about 35.3% on average. This means that A10 Networks is outperforming the sector as a whole this year.
One other Computer and Technology stock that has outperformed the sector so far this year is Bel Fuse (BELFB - Free Report) . The stock is up 148.5% year-to-date.
In Bel Fuse's case, the consensus EPS estimate for the current year increased 9.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, A10 Networks belongs to the Communication - Network Software industry, which includes 12 individual stocks and currently sits at #91 in the Zacks Industry Rank. On average, this group has lost an average of 39.7% so far this year, meaning that ATEN is performing better in terms of year-to-date returns.
On the other hand, Bel Fuse belongs to the Electronics - Miscellaneous Products industry. This 27-stock industry is currently ranked #136. The industry has moved -43% year to date.
A10 Networks and Bel Fuse could continue their solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to these stocks.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is A10 Networks (ATEN) 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. Has A10 Networks (ATEN - 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.
A10 Networks is a member of the Computer and Technology sector. This group includes 657 individual stocks and currently holds a Zacks Sector Rank of #5. 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 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. A10 Networks is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for ATEN's full-year earnings has moved 30% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that ATEN has returned about 1% since the start of the calendar year. Meanwhile, stocks in the Computer and Technology group have lost about 35.3% on average. This means that A10 Networks is outperforming the sector as a whole this year.
One other Computer and Technology stock that has outperformed the sector so far this year is Bel Fuse (BELFB - Free Report) . The stock is up 148.5% year-to-date.
In Bel Fuse's case, the consensus EPS estimate for the current year increased 9.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, A10 Networks belongs to the Communication - Network Software industry, which includes 12 individual stocks and currently sits at #91 in the Zacks Industry Rank. On average, this group has lost an average of 39.7% so far this year, meaning that ATEN is performing better in terms of year-to-date returns.
On the other hand, Bel Fuse belongs to the Electronics - Miscellaneous Products industry. This 27-stock industry is currently ranked #136. The industry has moved -43% year to date.
A10 Networks and Bel Fuse could continue their solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to these stocks.