Is Arlo Technologies (ARLO) Outperforming Other Computer and Technology Stocks This Year?

Group 1: Company Overview - Arlo Technologies (ARLO) is part of the Computer and Technology group, which consists of 603 companies and currently ranks 1 within the Zacks Sector Rank [2] - The Zacks Rank system, which emphasizes earnings estimates and revisions, currently gives Arlo Technologies a rank of 1 (Strong Buy) [3] Group 2: Performance Metrics - The Zacks Consensus Estimate for Arlo Technologies' full-year earnings has increased by 228.6% in the past quarter, indicating improved analyst sentiment and a positive earnings outlook [4] - Year-to-date, Arlo Technologies has returned approximately 28.6%, outperforming the average gain of 28.1% for the Computer and Technology group [4] Group 3: Industry Context - Arlo Technologies belongs to the Internet - Software industry, which includes 168 stocks and currently ranks 64 in the Zacks Industry Rank; this industry has gained about 8.2% year-to-date, indicating that ARLO is performing better than its peers [6] - In contrast, ASML, another outperforming stock in the Computer and Technology sector, belongs to the Semiconductor Equipment - Wafer Fabrication industry, which has seen a significant gain of 60.6% this year [6]