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Is Ubiquiti Networks (UBNT) Outperforming Other Computer and Technology Stocks This Year?

Zacks Equity Research
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Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Is Ubiquiti Networks (UBNT) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.

Ubiquiti Networks is one of 638 companies in the Computer and Technology group. The Computer and Technology group currently sits at #7 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 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).

Within the past quarter, the Zacks Consensus Estimate for UBNT's full-year earnings has moved 11% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

According to our latest data, UBNT has moved about 26.53% on a year-to-date basis. At the same time, Computer and Technology stocks have gained an average of 16.07%. This means that Ubiquiti Networks is performing better than its sector in terms of year-to-date returns.

Looking more specifically, UBNT belongs to the Wireless Equipment industry, which includes 14 individual stocks and currently sits at #13 in the Zacks Industry Rank. This group has gained an average of 19.84% so far this year, so UBNT is performing better in this area.

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.


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