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.
Are Computer and Technology Stocks Lagging Astera Labs, Inc. (ALAB) This Year?
Read MoreHide Full Article
Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Astera Labs, Inc. (ALAB - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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.
Astera Labs, Inc. is one of 604 individual stocks in the Computer and Technology 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 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. Astera Labs, Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for ALAB's full-year earnings has moved 67.9% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, ALAB has returned 73.3% so far this year. In comparison, Computer and Technology companies have returned an average of 18.9%. This means that Astera Labs, Inc. 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 AAC Technologies Holdings Inc. (AACAY - Free Report) . The stock is up 22.9% year-to-date.
For AAC Technologies Holdings Inc., the consensus EPS estimate for the current year has increased 10.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Astera Labs, Inc. belongs to the Internet - Software industry, which includes 172 individual stocks and currently sits at #71 in the Zacks Industry Rank. This group has gained an average of 22.7% so far this year, so ALAB is performing better in this area.
On the other hand, AAC Technologies Holdings Inc. belongs to the Electronics - Miscellaneous Components industry. This 24-stock industry is currently ranked #67. The industry has moved +33.6% year to date.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to Astera Labs, Inc. and AAC Technologies Holdings Inc. as they could maintain their solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Are Computer and Technology Stocks Lagging Astera Labs, Inc. (ALAB) This Year?
Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Astera Labs, Inc. (ALAB - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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.
Astera Labs, Inc. is one of 604 individual stocks in the Computer and Technology 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 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. Astera Labs, Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for ALAB's full-year earnings has moved 67.9% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, ALAB has returned 73.3% so far this year. In comparison, Computer and Technology companies have returned an average of 18.9%. This means that Astera Labs, Inc. 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 AAC Technologies Holdings Inc. (AACAY - Free Report) . The stock is up 22.9% year-to-date.
For AAC Technologies Holdings Inc., the consensus EPS estimate for the current year has increased 10.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Astera Labs, Inc. belongs to the Internet - Software industry, which includes 172 individual stocks and currently sits at #71 in the Zacks Industry Rank. This group has gained an average of 22.7% so far this year, so ALAB is performing better in this area.
On the other hand, AAC Technologies Holdings Inc. belongs to the Electronics - Miscellaneous Components industry. This 24-stock industry is currently ranked #67. The industry has moved +33.6% year to date.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to Astera Labs, Inc. and AAC Technologies Holdings Inc. as they could maintain their solid performance.