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Is Aspen Technology (AZPN) Outperforming Other Computer and Technology Stocks This Year?


IInvestors interested in Computer and Technology stocks should always look to find the best companies in the group. Is Aspen Technology (AZPN) one of the stocks today? By looking at the stock’s year-to-date performance compared to its Computer and Technology peers, we can answer that question.

Aspen Technology is a member of our Computer and Technology group, which includes 665 different companies and currently sits at #10 on the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of individual stocks within groups is measured, and sectors are listed from best to worst.

Zacks Rank highlights earnings estimates and estimates revisions to find stocks with improving earnings outlooks. This system has a long track record of success, and these stocks are likely to be on track to beat the market in the next one to three months. Aspen Technology currently sports a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for AZPN’s full-year earnings has moved 17.1% higher. This indicates that analyst sentiment has improved and the company’s earnings outlook is stronger.

According to our latest data, AZPN has moved about 18.9% on a year-to-date basis. Meanwhile, the Computer & Technology sector has returned an average of -28.9% year to date. This shows that Aspen Technology is ahead of its peers so far this year.

DZS Inc. (DZSI) is another Computer and Technology stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 6.8%.

In the case of DZS Inc., the consensus EPS estimate for the current year has risen 21.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

To break things down further, Aspen Technology belongs to the Internet – Software industry, a group that includes 148 individual companies and currently sits at #143 on the Zacks Industry Rank. On average, stocks in this group have lost 52.6% this year, meaning AZPN has outperformed in terms of year-to-date returns.

On the other hand, DZS Inc. belongs to Communication – Infrastructure industry. This 8-stock industry is currently ranked #50. The industry has moved -44.6% year to date.

Investors interested in Computer and Technology stocks should continue to track Aspen Technology and DZS Inc. These stocks will look to continue their strong performance.

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Aspen Technology, Inc. (AZPN): Free Stock Analysis Report

DZS Inc.(DZSI): Free Stock Analysis Report

To read this Zacks.com article click here.

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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.



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