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Is Arista Networks (ANET) Stock Outpacing Its Computer and Technology Peers This Year?
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For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Arista Networks (ANET - Free Report) been one of those stocks this year? 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.
Arista Networks is a member of our Computer and Technology group, which includes 617 different companies and currently sits at #3 in 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 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. Arista Networks is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ANET's full-year earnings has moved 15.4% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that ANET has returned about 42.7% since the start of the calendar year. Meanwhile, the Computer and Technology sector has returned an average of 16.5% on a year-to-date basis. This shows that Arista Networks is outperforming its peers so far this year.
Another Computer and Technology stock, which has outperformed the sector so far this year, is Commvault Systems (CVLT - Free Report) . The stock has returned 37.6% year-to-date.
For Commvault Systems, the consensus EPS estimate for the current year has increased 1% 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 176 individual companies and currently sits at #80 in the Zacks Industry Rank. On average, this group has gained an average of 1.2% so far this year, meaning that ANET is performing better in terms of year-to-date returns.
On the other hand, Commvault Systems belongs to the Computer - Software industry. This 21-stock industry is currently ranked #63. The industry has moved +0.2% year to date.
Investors interested in the Computer and Technology sector may want to keep a close eye on Arista Networks and Commvault Systems as they attempt to continue their solid performance.
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Is Arista Networks (ANET) Stock Outpacing Its Computer and Technology Peers This Year?
For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Arista Networks (ANET - Free Report) been one of those stocks this year? 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.
Arista Networks is a member of our Computer and Technology group, which includes 617 different companies and currently sits at #3 in 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 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. Arista Networks is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ANET's full-year earnings has moved 15.4% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that ANET has returned about 42.7% since the start of the calendar year. Meanwhile, the Computer and Technology sector has returned an average of 16.5% on a year-to-date basis. This shows that Arista Networks is outperforming its peers so far this year.
Another Computer and Technology stock, which has outperformed the sector so far this year, is Commvault Systems (CVLT - Free Report) . The stock has returned 37.6% year-to-date.
For Commvault Systems, the consensus EPS estimate for the current year has increased 1% 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 176 individual companies and currently sits at #80 in the Zacks Industry Rank. On average, this group has gained an average of 1.2% so far this year, meaning that ANET is performing better in terms of year-to-date returns.
On the other hand, Commvault Systems belongs to the Computer - Software industry. This 21-stock industry is currently ranked #63. The industry has moved +0.2% year to date.
Investors interested in the Computer and Technology sector may want to keep a close eye on Arista Networks and Commvault Systems as they attempt to continue their solid performance.