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Is Celestica (CLS) Stock Outpacing Its Computer and Technology Peers This Year?
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Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has Celestica (CLS - 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.
Celestica is one of 594 companies in the Computer and Technology group. The Computer and Technology group currently sits at #2 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Celestica is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for CLS' full-year earnings has moved 13.8% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, CLS has returned 20% so far this year. At the same time, Computer and Technology stocks have gained an average of 17.1%. This shows that Celestica is outperforming its peers so far this year.
Another Computer and Technology stock, which has outperformed the sector so far this year, is A10 Networks (ATEN - Free Report) . The stock has returned 60.2% year-to-date.
The consensus estimate for A10 Networks' current year EPS has increased 4.2% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Celestica is a member of the Electronics - Manufacturing Services industry, which includes 4 individual companies and currently sits at #100 in the Zacks Industry Rank. On average, stocks in this group have gained 40.9% this year, meaning that CLS is slightly underperforming its industry in terms of year-to-date returns.
On the other hand, A10 Networks belongs to the Internet - Software industry. This 170-stock industry is currently ranked #82. The industry has moved -12.6% year to date.
Celestica and A10 Networks could continue their solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to these stocks.
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Is Celestica (CLS) Stock Outpacing Its Computer and Technology Peers This Year?
Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has Celestica (CLS - 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.
Celestica is one of 594 companies in the Computer and Technology group. The Computer and Technology group currently sits at #2 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Celestica is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for CLS' full-year earnings has moved 13.8% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, CLS has returned 20% so far this year. At the same time, Computer and Technology stocks have gained an average of 17.1%. This shows that Celestica is outperforming its peers so far this year.
Another Computer and Technology stock, which has outperformed the sector so far this year, is A10 Networks (ATEN - Free Report) . The stock has returned 60.2% year-to-date.
The consensus estimate for A10 Networks' current year EPS has increased 4.2% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Celestica is a member of the Electronics - Manufacturing Services industry, which includes 4 individual companies and currently sits at #100 in the Zacks Industry Rank. On average, stocks in this group have gained 40.9% this year, meaning that CLS is slightly underperforming its industry in terms of year-to-date returns.
On the other hand, A10 Networks belongs to the Internet - Software industry. This 170-stock industry is currently ranked #82. The industry has moved -12.6% year to date.
Celestica and A10 Networks could continue their solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to these stocks.