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Does Aspen Technology (AZPN) outperform other computer and technology stocks this year?

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MeInvestors interested in computer and technology stocks should always look for the best performing companies in the group. Is Aspen Technology (AZPN) currently one of those strains? The year-to-date performance of equities compared to their computer and technology peers may help answer that question.

Aspen Technology is a member of the Computer and Technology group, which includes 665 different companies, and is currently ranked 10th in the Zacks sector rank. Zacks sector rank considers 16 different sector groups. The average Sachs rank of each stock in the group is measured and the sectors are listed from highest to lowest.

Zack Rank emphasizes earnings estimates and revisions to earnings estimates to find stocks that improve earnings outlook. The system has a long record of success and these stocks tend to outperform the market in the next 1-3 months. Aspen Technology is currently ranked 2nd (purchased) in Zacks.

Over the last 90 days, the Zacks Consensus Estimate on AZPN’s full-year revenue has increased by 17.1%. This shows that analysts’ sentiment has improved and the company’s earnings outlook is stronger.

According to the latest data, AZPN has moved about 18.9% on a year-to-date basis. Meanwhile, the computer and technology sector averaged -28.9% on a year-to-date basis. This shows that Aspen Technology has outperformed its peers so far this year.

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

For DZS Inc., this year’s consensus EPS estimate has increased by 21.8% over the past three months. The stock currently holds Zack Rank # 2 (purchased).

More specifically, Aspen Technology belongs to the Internet-Software industry. The group includes 148 individual companies and is currently ranked 143rd in the Zacks industry. Shares in this group fell by an average of 52.6% this year. This means that AZPN is performing better in terms of year-to-date returns.

DZS Inc., on the other hand, belongs to the communications infrastructure industry. The eight-cap industry is currently ranked 50th. The industry has moved -44.6% so far.

Investors interested in computer and technology equities should continue to track Aspen Technology and DZS Inc. These stocks aim to continue to maintain strong performance.

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The views and opinions contained in this document are those of the author and do not necessarily reflect the views and opinions of Nasdaq, Inc.