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 ALLIENT INC (ALNT) 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. Has Allient (ALNT - 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.
Allient is a member of the Computer and Technology sector. This group includes 612 individual stocks and currently holds a Zacks Sector Rank of #4. 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. Allient is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for ALNT's full-year earnings has moved 10.8% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, ALNT has returned 108.6% so far this year. At the same time, Computer and Technology stocks have gained an average of 21.8%. As we can see, Allient is performing better than its sector in the calendar year.
Another stock in the Computer and Technology sector, Astera Labs, Inc. (ALAB - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 115.1%.
The consensus estimate for Astera Labs, Inc.'s current year EPS has increased 43.9% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Allient belongs to the Electronics - Miscellaneous Components industry, which includes 28 individual stocks and currently sits at #60 in the Zacks Industry Rank. Stocks in this group have lost about 15.1% so far this year, so ALNT is performing better this group in terms of year-to-date returns.
In contrast, Astera Labs, Inc. falls under the Internet - Software industry. Currently, this industry has 173 stocks and is ranked #86. Since the beginning of the year, the industry has moved +8.5%.
Allient and Astera Labs, Inc. could continue their solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to these stocks.
View the Zacks #1 Rank List
Image: Bigstock
Are Computer and Technology Stocks Lagging ALLIENT INC (ALNT) This Year?
Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has Allient (ALNT - 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.
Allient is a member of the Computer and Technology sector. This group includes 612 individual stocks and currently holds a Zacks Sector Rank of #4. 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. Allient is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for ALNT's full-year earnings has moved 10.8% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, ALNT has returned 108.6% so far this year. At the same time, Computer and Technology stocks have gained an average of 21.8%. As we can see, Allient is performing better than its sector in the calendar year.
Another stock in the Computer and Technology sector, Astera Labs, Inc. (ALAB - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 115.1%.
The consensus estimate for Astera Labs, Inc.'s current year EPS has increased 43.9% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Allient belongs to the Electronics - Miscellaneous Components industry, which includes 28 individual stocks and currently sits at #60 in the Zacks Industry Rank. Stocks in this group have lost about 15.1% so far this year, so ALNT is performing better this group in terms of year-to-date returns.
In contrast, Astera Labs, Inc. falls under the Internet - Software industry. Currently, this industry has 173 stocks and is ranked #86. Since the beginning of the year, the industry has moved +8.5%.
Allient and Astera Labs, Inc. could continue their solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to these stocks.