Is Arista Networks (ANET) Outperforming Other Computer and Technology Stocks This Year?

For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Arista Networks (ANET) been one of those stocks this year? 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.Arista Networks is a member of our Computer and Technology group, which includes 605 different companies and currently sits at #5 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.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. Arista Networks is currently sporting a Zacks Rank of #1 (Strong Buy).Within the past quarter, the Zacks Consensus Estimate for ANET's full-year earnings has moved 11.1% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.Our latest available data shows that ANET has returned about 24.2% since the start of the calendar year. Meanwhile, stocks in the Computer and Technology group have gained about 13.8% on average. As we can see, Arista Networks is performing better than its sector in the calendar year.United States Cellular (AD) is another Computer and Technology stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 19.6%.The consensus estimate for United States Cellular's current year EPS has increased 3.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).Looking more specifically, Arista Networks belongs to the Internet - Software industry, which includes 173 individual stocks and currently sits at #72 in the Zacks Industry Rank. Stocks in this group have gained about 22.9% so far this year, so ANET is performing better this group in terms of year-to-date returns. On the other hand, United States Cellular belongs to the Wireless National industry. This 10-stock industry is currently ranked #94. The industry has moved +14.9% year to date.Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to Arista Networks and United States Cellular as they could maintain their solid performance.Free Report: Profiting from the 2nd Wave of AI ExplosionThe next phase of the AI explosion is poised to create significant wealth for investors, especially those who get in early. It will add literally trillion of dollars to the economy and revolutionize nearly every part of our lives.Investors who bought shares like Nvidia at the right time have had a shot at huge gains.But the rocket ride in the "first wave" of AI stocks may soon come to an end. The sharp upward trajectory of these stocks will begin to level off, leaving exponential growth to a new wave of cutting-edge companies.Zacks' AI Boom 2.0: The Second Wave report reveals 4 under-the-radar companies that may soon be shining stars of AI’s next leap forward.Access AI Boom 2.0 now, absolutely free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Arista Networks, Inc. (ANET): Free Stock Analysis Report United States Cellular Corporation (AD): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks