May 30, 2023


It's the Technology

Are Computer and Technology Stocks Lagging Avnet (AVT) This Year?


Investors intrigued in Computer and Technological know-how stocks must normally be wanting to locate the best-executing companies in the team. Is Avnet (AVT) 1 of those people stocks appropriate now? By taking a seem at the stock’s year-to-date performance in comparison to its Computer and Technology friends, we may be in a position to response that query.

Avnet is one particular of 664 person stocks in the Laptop or computer and Know-how sector. Collectively, these firms sit at #8 in the Zacks Sector Rank. The Zacks Sector Rank contains 16 distinct teams and is stated in purchase from very best to worst in conditions of the average Zacks Rank of the unique organizations in every of these sectors.

The Zacks Rank is a successful inventory-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a selection of distinctive shares that could be poised to outperform the broader industry over the upcoming one particular to a few months. Avnet is now sporting a Zacks Rank of #1 (Strong Invest in).

Within just the previous quarter, the Zacks Consensus Estimate for AVT’s full-yr earnings has moved 20.5% bigger. This is a signal of increasing analyst sentiment and a positive earnings outlook craze.

Our most current offered info shows that AVT has returned about 18.8% considering the fact that the get started of the calendar year. In the meantime, shares in the Pc and Technology team have lost about 24% on common. This signifies that Avnet is carrying out much better than its sector in phrases of yr-to-date returns.

One particular other Pc and Technological know-how stock that has outperformed the sector so significantly this 12 months is Aspen Technology (AZPN). The inventory is up 32.4% 12 months-to-date.

The consensus estimate for Aspen Technology’s current yr EPS has amplified 5.1% more than the earlier a few months. The inventory at the moment has a Zacks Rank #1 (Strong Get).

Breaking matters down much more, Avnet is a member of the Electronics – Parts Distribution marketplace, which involves 5 particular person organizations and presently sits at #3 in the Zacks Market Rank. On typical, this team has received an normal of .7% so much this calendar year, that means that AVT is performing greater in terms of year-to-date returns.

Aspen Technologies, nevertheless, belongs to the Web – Software package market. Now, this 149-stock business is ranked #156. The industry has moved -45.9% so much this yr.

Heading ahead, traders intrigued in Laptop or computer and Technological innovation shares should really keep on to pay out close awareness to Avnet and Aspen Technological know-how as they could sustain their stable general performance.

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Avnet, Inc. (AVT) : Free of charge Inventory Evaluation Report
Aspen Technology, Inc. (AZPN) : Free Stock Analysis Report
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