The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Mellanox Technologies one of those stocks right now? 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.
Mellanox Technologies is one of 627 companies in the Computer and Technology group. The Computer and Technology group currently sits at #4 within the Zacks Sector Rank. 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 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. MLNX is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for MLNX's full-year earnings has moved 11.03% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, MLNX has returned 29.21% so far this year. In comparison, Computer and Technology companies have returned an average of 10.33%. This means that Mellanox Technologies is outperforming the sector as a whole this year.
Looking more specifically, MLNX belongs to the Electronics - Semiconductors industry, which includes 33 individual stocks and currently sits at #100 in the Zacks Industry Rank. This group has lost an average of 7.59% so far this year, so MLNX is performing better in this area.
Investors with an interest in Computer and Technology stocks should continue to track MLNX. The stock will be looking to continue its solid performance.
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Is Mellanox Technologies (MLNX) Outperforming Other Computer and Technology Stocks 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. Is Mellanox Technologies one of those stocks right now? 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.
Mellanox Technologies is one of 627 companies in the Computer and Technology group. The Computer and Technology group currently sits at #4 within the Zacks Sector Rank. 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 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. MLNX is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for MLNX's full-year earnings has moved 11.03% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, MLNX has returned 29.21% so far this year. In comparison, Computer and Technology companies have returned an average of 10.33%. This means that Mellanox Technologies is outperforming the sector as a whole this year.
Looking more specifically, MLNX belongs to the Electronics - Semiconductors industry, which includes 33 individual stocks and currently sits at #100 in the Zacks Industry Rank. This group has lost an average of 7.59% so far this year, so MLNX is performing better in this area.
Investors with an interest in Computer and Technology stocks should continue to track MLNX. The stock will be looking to continue its solid performance.