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 our Computer and Technology group, which includes 635 different companies and currently sits at #7 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. UBNT is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for UBNT's full-year earnings has moved 11% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, UBNT has moved about 28.65% on a year-to-date basis. Meanwhile, stocks in the Computer and Technology group have gained about 19.67% on average. This shows that Ubiquiti Networks is outperforming its peers so far this year.
Looking more specifically, UBNT belongs to the Wireless Equipment industry, a group that includes 14 individual stocks and currently sits at #37 in the Zacks Industry Rank. This group has gained an average of 21.36% so far this year, so UBNT is performing better in this area.
Investors with an interest in Computer and Technology stocks should continue to track UBNT. The stock will be looking to continue its solid performance.
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Is Ubiquiti Networks (UBNT) Stock Outpacing Its Computer and Technology Peers This Year?
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 our Computer and Technology group, which includes 635 different companies and currently sits at #7 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. UBNT is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for UBNT's full-year earnings has moved 11% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, UBNT has moved about 28.65% on a year-to-date basis. Meanwhile, stocks in the Computer and Technology group have gained about 19.67% on average. This shows that Ubiquiti Networks is outperforming its peers so far this year.
Looking more specifically, UBNT belongs to the Wireless Equipment industry, a group that includes 14 individual stocks and currently sits at #37 in the Zacks Industry Rank. This group has gained an average of 21.36% so far this year, so UBNT is performing better in this area.
Investors with an interest in Computer and Technology stocks should continue to track UBNT. The stock will be looking to continue its solid performance.