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Are Computer and Technology Stocks Lagging JFrog (FROG) 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. Is JFrog Ltd. (FROG - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.
JFrog Ltd. is a member of the Computer and Technology sector. This group includes 614 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 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. JFrog Ltd. is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for FROG's full-year earnings has moved 2.4% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, FROG has gained about 41.1% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 17.7% on average. This shows that JFrog Ltd. is outperforming its peers so far this year.
Another Computer and Technology stock, which has outperformed the sector so far this year, is Allient (ALNT - Free Report) . The stock has returned 110.3% year-to-date.
The consensus estimate for Allient's current year EPS has increased 7% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, JFrog Ltd. belongs to the Internet - Software industry, which includes 174 individual stocks and currently sits at #101 in the Zacks Industry Rank. This group has lost an average of 1.8% so far this year, so FROG is performing better in this area.
Allient, however, belongs to the Electronics - Miscellaneous Components industry. Currently, this 28-stock industry is ranked #47. The industry has moved -10.4% so far this year.
Investors with an interest in Computer and Technology stocks should continue to track JFrog Ltd. and Allient. These stocks will be looking to continue their solid performance.
View the Zacks #1 Rank List
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Are Computer and Technology Stocks Lagging JFrog (FROG) This Year?
Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Is JFrog Ltd. (FROG - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.
JFrog Ltd. is a member of the Computer and Technology sector. This group includes 614 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 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. JFrog Ltd. is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for FROG's full-year earnings has moved 2.4% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, FROG has gained about 41.1% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 17.7% on average. This shows that JFrog Ltd. is outperforming its peers so far this year.
Another Computer and Technology stock, which has outperformed the sector so far this year, is Allient (ALNT - Free Report) . The stock has returned 110.3% year-to-date.
The consensus estimate for Allient's current year EPS has increased 7% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, JFrog Ltd. belongs to the Internet - Software industry, which includes 174 individual stocks and currently sits at #101 in the Zacks Industry Rank. This group has lost an average of 1.8% so far this year, so FROG is performing better in this area.
Allient, however, belongs to the Electronics - Miscellaneous Components industry. Currently, this 28-stock industry is ranked #47. The industry has moved -10.4% so far this year.
Investors with an interest in Computer and Technology stocks should continue to track JFrog Ltd. and Allient. These stocks will be looking to continue their solid performance.