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Best Relative Performance in the Communications Equipment Industry Detected in Shares of Palo Alto Networ (PANW , UBNT , CIEN , ANET , CSCO )

By David Diaz

We looked at the Communications Equipment industry and measured relative performance to find the top stocks. Relative outperformance is a bullish sign of underlying fundamental and technical strength. We look at yesterday's price action of all companies in this peer group.

Palo Alto Networ (NYSE:PANW ) ranks first with a gain of 1.46%; Ubiquiti Network (NASDAQ:UBNT ) ranks second with a gain of 1.44%; and Ciena Corp (NYSE:CIEN ) ranks third with a gain of 1.08%.

Arista Networks (NYSE:ANET ) follows with a gain of 0.75% and Cisco Systems (NASDAQ:CSCO ) rounds out the top five with a gain of 0.39%.

SmarTrend recommended that subscribers consider buying shares of Ubiquiti Network on January 8th, 2019 as our technology indicated a new Uptrend was in progress when shares hit $103.62. Since that recommendation, shares of Ubiquiti Network have risen 60.0%. We continue to monitor Ubiquiti Network for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: relative performance palo alto networ ubiquiti network ciena corp arista networks Cisco Systems