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Is Airgain (AIRG) Outperforming Other Computer and Technology Stocks This Year?

Zacks Equity Research

Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Airgain (AIRG) 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 AIRG and the rest of the Computer and Technology group's stocks.

Airgain is one of 641 companies in the Computer and Technology group. The Computer and Technology group currently sits at #4 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

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. AIRG is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for AIRG's full-year earnings has moved 245.46% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Based on the latest available data, AIRG has gained about 55.90% so far this year. At the same time, Computer and Technology stocks have gained an average of 22.40%. This means that Airgain is performing better than its sector in terms of year-to-date returns.

Looking more specifically, AIRG belongs to the Communication - Components industry, which includes 20 individual stocks and currently sits at #48 in the Zacks Industry Rank. On average, this group has gained an average of 32.53% so far this year, meaning that AIRG is performing better in terms of year-to-date returns.

Investors with an interest in Computer and Technology stocks should continue to track AIRG. The stock will be looking to continue its solid performance.


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