Investors focused on the Computer and Technology space have likely heard of Ubiquiti Networks (UBNT), but is the stock performing well in comparison to the rest of its sector peers? 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 639 individual stocks and currently holds a Zacks Sector Rank of #6. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. UBNT is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for UBNT's full-year earnings has moved 1.02% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that UBNT has returned about 31.07% since the start of the calendar year. In comparison, Computer and Technology companies have returned an average of 22.59%. This shows that Ubiquiti Networks is outperforming its peers so far this year.
Looking more specifically, UBNT belongs to the Wireless Equipment industry, which includes 15 individual stocks and currently sits at #18 in the Zacks Industry Rank. On average, stocks in this group have gained 11.03% 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.
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