Is Arlo Technologies (ARLO) Stock Outpacing Its Computer and Technology Peers This Year?

The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Arlo Technologies (ARLO) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.Arlo Technologies is one of 601 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #1 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 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. Arlo Technologies is currently sporting a Zacks Rank of #1 (Strong Buy).Within the past quarter, the Zacks Consensus Estimate for ARLO's full-year earnings has moved 228.6% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.According to our latest data, ARLO has moved about 25.6% on a year-to-date basis. In comparison, Computer and Technology companies have returned an average of 25.2%. This means that Arlo Technologies is outperforming the sector as a whole this year.Another Computer and Technology stock, which has outperformed the sector so far this year, is Lam Research (LRCX). The stock has returned 138.5% year-to-date.Over the past three months, Lam Research's consensus EPS estimate for the current year has increased 8.5%. The stock currently has a Zacks Rank #2 (Buy).Breaking things down more, Arlo Technologies is a member of the Internet - Software industry, which includes 168 individual companies and currently sits at #53 in the Zacks Industry Rank. This group has gained an average of 9.7% so far this year, so ARLO is performing better in this area. On the other hand, Lam Research belongs to the Electronics - Semiconductors industry. This 45-stock industry is currently ranked #90. The industry has moved +38.3% year to date.Arlo Technologies and Lam Research could continue their solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to these stocks.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the favorite stock to gain +100% or more in the months ahead. They includeStock #1: A Disruptive Force with Notable Growth and ResilienceStock #2: Bullish Signs Signaling to Buy the DipStock #3: One of the Most Compelling Investments in the MarketStock #4: Leader In a Red-Hot Industry Poised for GrowthStock #5: Modern Omni-Channel Platform Coiled to SpringMost of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. While not all picks can be winners, previous recommendations have soared +171%, +209% and +232%.Download Atomic Opportunity: Nuclear Energy's Comeback free today.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 Arlo Technologies, Inc. (ARLO): Free Stock Analysis Report Lam Research Corporation (LRCX): 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