Is Advantest (ATEYY) 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 Advantest Corp. (ATEYY) been one of those stocks this year? 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.

Advantest Corp. is one of 617 companies in the Computer and Technology group. The Computer and Technology group currently sits at #3 within 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. Advantest Corp. is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past three months, the Zacks Consensus Estimate for ATEYY's full-year earnings has moved 30.8% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Based on the most recent data, ATEYY has returned 77.1% so far this year. In comparison, Computer and Technology companies have returned an average of 9%. This means that Advantest Corp. is performing better than its sector in terms of year-to-date returns.

Another stock in the Computer and Technology sector, Fastly (FSLY), has outperformed the sector so far this year. The stock's year-to-date return is 107%.

For Fastly, the consensus EPS estimate for the current year has increased 29.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

Looking more specifically, Advantest Corp. belongs to the Electronics - Measuring Instruments industry, which includes 5 individual stocks and currently sits at #31 in the Zacks Industry Rank. This group has gained an average of 44.2% so far this year, so ATEYY is performing better in this area.

On the other hand, Fastly belongs to the Internet - Software industry. This 175-stock industry is currently ranked #94. The industry has moved -3.5% year to date.

Investors with an interest in Computer and Technology stocks should continue to track Advantest Corp. and Fastly. These stocks will be looking to continue their solid performance.

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This article originally published on Zacks Investment Research (zacks.com).

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