Is Celestica (CLS) 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 Celestica (CLS) 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.Celestica is one of 605 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #6 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. Celestica is currently sporting a Zacks Rank of #1 (Strong Buy).The Zacks Consensus Estimate for CLS' full-year earnings has moved 12.6% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.According to our latest data, CLS has moved about 96.5% on a year-to-date basis. At the same time, Computer and Technology stocks have gained an average of 10.4%. This means that Celestica is performing better than its sector in terms of year-to-date returns.Another stock in the Computer and Technology sector, Arlo Technologies (ARLO), has outperformed the sector so far this year. The stock's year-to-date return is 50.5%.The consensus estimate for Arlo Technologies' current year EPS has increased 216.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).To break things down more, Celestica belongs to the Electronics - Manufacturing Services industry, a group that includes 4 individual companies and currently sits at #8 in the Zacks Industry Rank. On average, stocks in this group have gained 48.9% this year, meaning that CLS is performing better in terms of year-to-date returns. Arlo Technologies, however, belongs to the Internet - Software industry. Currently, this 173-stock industry is ranked #71. The industry has moved +16.9% so far this year.Celestica and Arlo Technologies could continue their solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to these stocks.One Big Gain, Every Trading DayTo help you take full advantage of this market, you’re invited to access every stock recommendation in all our private portfolios - for just $1.Zacks private portfolio services that closed 256 double and triple-digit winners in 2024 alone. That’s about one big gain every day the market was open. Of course, not all our picks are winners, but members have seen recent gains as high as +627% +1,340%, and +1,708%.Imagine how much you could profit with a steady stream of real-time picks from all our services that cover a number of strategies to suit a variety of investing and trading styles.See Stocks Now >>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 Celestica, Inc. (CLS): Free Stock Analysis Report Arlo Technologies, Inc. (ARLO): 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