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Are Computer and Technology Stocks Lagging Astera Labs, Inc. (ALAB) This Year?
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The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Astera Labs, Inc. (ALAB - Free Report) been one of those stocks this year? 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 a member of the Computer and Technology sector. This group includes 613 individual stocks and currently holds a Zacks Sector Rank of #3. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. 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 43.9% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, ALAB has moved about 75.1% on a year-to-date basis. In comparison, Computer and Technology companies have returned an average of 18.5%. This means that Astera Labs, Inc. is outperforming the sector as a whole this year.
Another stock in the Computer and Technology sector, Allient (ALNT - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 83.6%.
In Allient's case, the consensus EPS estimate for the current year increased 10.8% 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 174 individual stocks and currently sits at #85 in the Zacks Industry Rank. Stocks in this group have gained about 0.3% so far this year, so ALAB is performing better this group in terms of year-to-date returns.
In contrast, Allient falls under the Electronics - Miscellaneous Components industry. Currently, this industry has 28 stocks and is ranked #55. Since the beginning of the year, the industry has moved -16.1%.
Astera Labs, Inc. and Allient 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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Are Computer and Technology Stocks Lagging Astera Labs, Inc. (ALAB) 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. Has Astera Labs, Inc. (ALAB - Free Report) been one of those stocks this year? 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 a member of the Computer and Technology sector. This group includes 613 individual stocks and currently holds a Zacks Sector Rank of #3. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. 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 43.9% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, ALAB has moved about 75.1% on a year-to-date basis. In comparison, Computer and Technology companies have returned an average of 18.5%. This means that Astera Labs, Inc. is outperforming the sector as a whole this year.
Another stock in the Computer and Technology sector, Allient (ALNT - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 83.6%.
In Allient's case, the consensus EPS estimate for the current year increased 10.8% 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 174 individual stocks and currently sits at #85 in the Zacks Industry Rank. Stocks in this group have gained about 0.3% so far this year, so ALAB is performing better this group in terms of year-to-date returns.
In contrast, Allient falls under the Electronics - Miscellaneous Components industry. Currently, this industry has 28 stocks and is ranked #55. Since the beginning of the year, the industry has moved -16.1%.
Astera Labs, Inc. and Allient could continue their solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to these stocks.