We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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 Allot (ALLT) Stock Outpacing Its Business Services Peers This Year?
Read MoreHide Full Article
For those looking to find strong Business Services stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Allot Communications (ALLT - 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.
Allot Communications is one of 316 individual stocks in the Business Services sector. Collectively, these companies sit at #5 in the Zacks Sector Rank. 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. Allot Communications is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for ALLT's full-year earnings has moved 47.7% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that ALLT has returned about 29.7% since the start of the calendar year. At the same time, Business Services stocks have gained an average of 4.1%. As we can see, Allot Communications is performing better than its sector in the calendar year.
Another stock in the Business Services sector, Maplebear (CART - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 28.4%.
For Maplebear, the consensus EPS estimate for the current year has increased 108.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Allot Communications belongs to the Technology Services industry, a group that includes 173 individual stocks and currently sits at #60 in the Zacks Industry Rank. This group has gained an average of 13.5% so far this year, so ALLT is performing better in this area. Maplebear is also part of the same industry.
Allot Communications and Maplebear could continue their solid performance, so investors interested in Business Services stocks should continue to pay close attention to these stocks.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Is Allot (ALLT) Stock Outpacing Its Business Services Peers This Year?
For those looking to find strong Business Services stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Allot Communications (ALLT - 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.
Allot Communications is one of 316 individual stocks in the Business Services sector. Collectively, these companies sit at #5 in the Zacks Sector Rank. 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. Allot Communications is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for ALLT's full-year earnings has moved 47.7% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that ALLT has returned about 29.7% since the start of the calendar year. At the same time, Business Services stocks have gained an average of 4.1%. As we can see, Allot Communications is performing better than its sector in the calendar year.
Another stock in the Business Services sector, Maplebear (CART - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 28.4%.
For Maplebear, the consensus EPS estimate for the current year has increased 108.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Allot Communications belongs to the Technology Services industry, a group that includes 173 individual stocks and currently sits at #60 in the Zacks Industry Rank. This group has gained an average of 13.5% so far this year, so ALLT is performing better in this area. Maplebear is also part of the same industry.
Allot Communications and Maplebear could continue their solid performance, so investors interested in Business Services stocks should continue to pay close attention to these stocks.