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Is Arista Networks (ANET) Outperforming Other Computer and Technology Stocks This Year?
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Investors focused on the Computer and Technology space have likely heard of Arista Networks (ANET - Free Report) , 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.
Arista Networks is a member of our Computer and Technology group, which includes 645 different companies and currently sits at #5 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 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. ANET is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ANET's full-year earnings has moved 2.13% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, ANET has gained about 27.94% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 12.33% on average. This means that Arista Networks is outperforming the sector as a whole this year.
Looking more specifically, ANET belongs to the Communication - Components industry, a group that includes 24 individual stocks and currently sits at #31 in the Zacks Industry Rank. On average, stocks in this group have gained 20.15% this year, meaning that ANET is performing better in terms of year-to-date returns.
ANET 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 Arista Networks (ANET) Outperforming Other Computer and Technology Stocks This Year?
Investors focused on the Computer and Technology space have likely heard of Arista Networks (ANET - Free Report) , 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.
Arista Networks is a member of our Computer and Technology group, which includes 645 different companies and currently sits at #5 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 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. ANET is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ANET's full-year earnings has moved 2.13% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, ANET has gained about 27.94% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 12.33% on average. This means that Arista Networks is outperforming the sector as a whole this year.
Looking more specifically, ANET belongs to the Communication - Components industry, a group that includes 24 individual stocks and currently sits at #31 in the Zacks Industry Rank. On average, stocks in this group have gained 20.15% this year, meaning that ANET is performing better in terms of year-to-date returns.
ANET 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.