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 ASML Holding (ASML) 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. ASML (ASML - 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? Let's take a closer look at the stock's year-to-date performance to find out.
ASML is a member of our Computer and Technology group, which includes 604 different companies and currently sits at #3 in 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. ASML is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ASML's full-year earnings has moved 3.1% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, ASML has returned 44.9% so far this year. In comparison, Computer and Technology companies have returned an average of 21.6%. As we can see, ASML is performing better than its sector in the calendar year.
Another stock in the Computer and Technology sector, Ciena (CIEN - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 120.5%.
For Ciena, the consensus EPS estimate for the current year has increased 49.2% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, ASML belongs to the Semiconductor Equipment - Wafer Fabrication industry, a group that includes 2 individual companies and currently sits at #4 in the Zacks Industry Rank. Stocks in this group have gained about 45.3% so far this year, so ASML is slightly underperforming its industry this group in terms of year-to-date returns.
On the other hand, Ciena belongs to the Communication - Components industry. This 11-stock industry is currently ranked #23. The industry has moved +75.4% year to date.
Investors with an interest in Computer and Technology stocks should continue to track ASML and Ciena. These stocks will be looking to continue 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 ASML Holding (ASML) This Year?
Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. ASML (ASML - 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? Let's take a closer look at the stock's year-to-date performance to find out.
ASML is a member of our Computer and Technology group, which includes 604 different companies and currently sits at #3 in 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. ASML is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ASML's full-year earnings has moved 3.1% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, ASML has returned 44.9% so far this year. In comparison, Computer and Technology companies have returned an average of 21.6%. As we can see, ASML is performing better than its sector in the calendar year.
Another stock in the Computer and Technology sector, Ciena (CIEN - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 120.5%.
For Ciena, the consensus EPS estimate for the current year has increased 49.2% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, ASML belongs to the Semiconductor Equipment - Wafer Fabrication industry, a group that includes 2 individual companies and currently sits at #4 in the Zacks Industry Rank. Stocks in this group have gained about 45.3% so far this year, so ASML is slightly underperforming its industry this group in terms of year-to-date returns.
On the other hand, Ciena belongs to the Communication - Components industry. This 11-stock industry is currently ranked #23. The industry has moved +75.4% year to date.
Investors with an interest in Computer and Technology stocks should continue to track ASML and Ciena. These stocks will be looking to continue their solid performance.