The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Ubiquiti Networks (UBNT - Free Report) 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 UBNT and the rest of the Computer and Technology group's stocks.
Ubiquiti Networks is a member of the Computer and Technology sector. This group includes 642 individual stocks and currently holds a Zacks Sector Rank of #8. 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 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. UBNT is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for UBNT's full-year earnings has moved 8.40% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, UBNT has returned 44.55% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 17.22% on average. This means that Ubiquiti Networks is performing better than its sector in terms of year-to-date returns.
Breaking things down more, UBNT is a member of the Wireless Equipment industry, which includes 14 individual companies and currently sits at #180 in the Zacks Industry Rank. On average, stocks in this group have gained 9.45% this year, meaning that UBNT is performing better in terms of year-to-date returns.
UBNT 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.