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 Arista Networks (ANET) This Year?
Read MoreHide Full Article
The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Arista Networks (ANET - Free Report) one of those stocks right now? 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.
Arista Networks is a member of the Computer and Technology sector. This group includes 597 individual stocks and currently holds a Zacks Sector Rank of #2. 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 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. Arista Networks is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for ANET's full-year earnings has moved 6.9% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that ANET has returned about 16% since the start of the calendar year. At the same time, Computer and Technology stocks have gained an average of 0.3%. As we can see, Arista Networks is performing better than its sector in the calendar year.
One other Computer and Technology stock that has outperformed the sector so far this year is Advanced Energy Industries (AEIS - Free Report) . The stock is up 81% year-to-date.
In Advanced Energy Industries' case, the consensus EPS estimate for the current year increased 13.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Arista Networks belongs to the Internet - Software industry, a group that includes 171 individual companies and currently sits at #95 in the Zacks Industry Rank. This group has lost an average of 15.4% so far this year, so ANET is performing better in this area.
On the other hand, Advanced Energy Industries belongs to the Semiconductor Equipment - Wafer Fabrication industry. This 2-stock industry is currently ranked #24. The industry has moved +41% year to date.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to Arista Networks and Advanced Energy Industries as they could maintain their solid performance.
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
Are Computer and Technology Stocks Lagging Arista Networks (ANET) This Year?
The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Arista Networks (ANET - Free Report) one of those stocks right now? 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.
Arista Networks is a member of the Computer and Technology sector. This group includes 597 individual stocks and currently holds a Zacks Sector Rank of #2. 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 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. Arista Networks is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for ANET's full-year earnings has moved 6.9% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that ANET has returned about 16% since the start of the calendar year. At the same time, Computer and Technology stocks have gained an average of 0.3%. As we can see, Arista Networks is performing better than its sector in the calendar year.
One other Computer and Technology stock that has outperformed the sector so far this year is Advanced Energy Industries (AEIS - Free Report) . The stock is up 81% year-to-date.
In Advanced Energy Industries' case, the consensus EPS estimate for the current year increased 13.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Arista Networks belongs to the Internet - Software industry, a group that includes 171 individual companies and currently sits at #95 in the Zacks Industry Rank. This group has lost an average of 15.4% so far this year, so ANET is performing better in this area.
On the other hand, Advanced Energy Industries belongs to the Semiconductor Equipment - Wafer Fabrication industry. This 2-stock industry is currently ranked #24. The industry has moved +41% year to date.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to Arista Networks and Advanced Energy Industries as they could maintain their solid performance.