Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Mellanox Technologies is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of MLNX and the rest of the Computer and Technology group's stocks.
Mellanox Technologies is a member of our Computer and Technology group, which includes 627 different companies and currently sits at #4 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 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. MLNX is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for MLNX's full-year earnings has moved 11.03% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that MLNX has returned about 29.21% since the start of the calendar year. Meanwhile, the Computer and Technology sector has returned an average of 10.33% on a year-to-date basis. This means that Mellanox Technologies is performing better than its sector in terms of year-to-date returns.
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.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to MLNX as it looks to continue its solid performance.
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Is Mellanox Technologies (MLNX) Outperforming Other Computer and Technology Stocks This Year?
Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Mellanox Technologies is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of MLNX and the rest of the Computer and Technology group's stocks.
Mellanox Technologies is a member of our Computer and Technology group, which includes 627 different companies and currently sits at #4 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 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. MLNX is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for MLNX's full-year earnings has moved 11.03% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that MLNX has returned about 29.21% since the start of the calendar year. Meanwhile, the Computer and Technology sector has returned an average of 10.33% on a year-to-date basis. This means that Mellanox Technologies is performing better than its sector in terms of year-to-date returns.
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.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to MLNX as it looks to continue its solid performance.