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Is Mellanox Technologies (MLNX) Outperforming Other Computer and Technology Stocks This Year?

Zacks Equity Research
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Investors focused on the Computer and Technology space have likely heard of Mellanox Technologies (MLNX), 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.

Mellanox Technologies 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 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 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. MLNX is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for MLNX's full-year earnings has moved 5.47% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Based on the most recent data, MLNX has returned 27.78% so far this year. At the same time, Computer and Technology stocks have gained an average of 17.14%. This shows that Mellanox Technologies is outperforming its peers so far this year.

Breaking things down more, MLNX is a member of the Electronics - Semiconductors industry, which includes 38 individual companies and currently sits at #198 in the Zacks Industry Rank. On average, this group has gained an average of 19.31% so far this year, meaning that MLNX is performing better in terms of year-to-date returns.

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


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