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 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 637 individual stocks and currently holds a Zacks Sector Rank of #9. 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. UBNT is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for UBNT's full-year earnings has moved 11% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, UBNT has moved about 26.68% on a year-to-date basis. Meanwhile, the Computer and Technology sector has returned an average of 13.49% on a year-to-date basis. As we can see, Ubiquiti Networks is performing better than its sector in the calendar year.
To break things down more, UBNT belongs to the Wireless Equipment industry, a group that includes 14 individual companies and currently sits at #13 in the Zacks Industry Rank. On average, this group has gained an average of 17.43% so far this year, meaning that UBNT is performing better in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on UBNT as it attempts to continue its solid performance.