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. Is Arista Networks (ANET) 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.Arista Networks is a member of our Computer and Technology group, which includes 606 different companies and currently sits at #2 in 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. Arista Networks is currently sporting a Zacks Rank of #1 (Strong Buy).Over the past 90 days, the Zacks Consensus Estimate for ANET's full-year earnings has moved 10.4% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.Based on the most recent data, ANET has returned 31.6% so far this year. At the same time, Computer and Technology stocks have gained an average of 23.3%. This means that Arista Networks is outperforming the sector as a whole this year.One other Computer and Technology stock that has outperformed the sector so far this year is CrowdStrike Holdings (CRWD). The stock is up 43.2% year-to-date.In CrowdStrike Holdings' case, the consensus EPS estimate for the current year increased 132.9% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).To break things down more, Arista Networks belongs to the Internet - Software industry, a group that includes 169 individual companies and currently sits at #63 in the Zacks Industry Rank. On average, stocks in this group have gained 18.8% this year, meaning that ANET is performing better in terms of year-to-date returns. CrowdStrike Holdings, however, belongs to the Security industry. Currently, this 10-stock industry is ranked #157. The industry has moved +21% so far this year.Investors with an interest in Computer and Technology stocks should continue to track Arista Networks and CrowdStrike Holdings. These stocks will be looking to continue their solid performance.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.Free: See Our Top Stock And 4 Runners UpWant 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 CrowdStrike (CRWD): 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