Investors focused on the Computer and Technology space have likely heard of Mellanox Technologies , but is the stock performing well in comparison to the rest of its sector peers? 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 646 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #3 in 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 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. MLNX is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for MLNX's full-year earnings has moved 5.47% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that MLNX has returned about 5.39% since the start of the calendar year. Meanwhile, the Computer and Technology sector has returned an average of 11.32% on a year-to-date basis. This means that Mellanox Technologies is outperforming the sector as a whole this year.
To break things down more, MLNX belongs to the Electronics - Semiconductors industry, a group that includes 38 individual companies and currently sits at #152 in the Zacks Industry Rank. On average, stocks in this group have gained 9% this year, meaning that MLNX is slightly underperforming its industry in terms of year-to-date returns.
MLNX will likely be looking to continue its solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to the company.
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Is Mellanox Technologies (MLNX) Outperforming Other Computer and Technology Stocks This Year?
Investors focused on the Computer and Technology space have likely heard of Mellanox Technologies , but is the stock performing well in comparison to the rest of its sector peers? 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 646 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #3 in 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 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. MLNX is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for MLNX's full-year earnings has moved 5.47% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that MLNX has returned about 5.39% since the start of the calendar year. Meanwhile, the Computer and Technology sector has returned an average of 11.32% on a year-to-date basis. This means that Mellanox Technologies is outperforming the sector as a whole this year.
To break things down more, MLNX belongs to the Electronics - Semiconductors industry, a group that includes 38 individual companies and currently sits at #152 in the Zacks Industry Rank. On average, stocks in this group have gained 9% this year, meaning that MLNX is slightly underperforming its industry in terms of year-to-date returns.
MLNX will likely be looking to continue its solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to the company.