Month: May 2020

Is Allot Communications (ALLT) Outperforming Other Computer and Technology Stocks This Year?

Investors focused on the Computer and Technology space have likely heard of Allot Communications (ALLT), but is the stock performing well in comparison to the rest of its sector peers? 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.

Allot Communications is one of 613 companies in the Computer and Technology group. The Computer and Technology group currently sits at #4 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. ALLT

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Congress may unite on fighting China with $100B tech industry boost

WASHINGTON ― Congress would pump $100 billion into the National Science Foundation for research into artificial intelligence, quantum computing, advanced communications, robotics and more under a bipartisan proposal led by the Senate’s top Democrat.

The Endless Frontier Act, led by Senate Minority Leader Chuck Schumer and announced Wednesday, would rename the National Science Foundation as the National Science and Technology Foundation and add a technology directorate with “DARPA-like authorities” to oversee research and make contract awards in select technology areas. The $100 billion would be spread over five years.

A typically divided Congress is uniting in its anger against China: The House on Wednesday was poised to pass sanctions on Chinese officials for human rights abuses against Muslim minorities, while the Senate was considering sanctions to punish China for its crackdown on Hong Kong.

Schumer’s bill is co-sponsored by Sen. Todd Young, R-Ind. A House version is

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Marvell Technology (MRVL) Gains But Lags Market: What You Should Know

Marvell Technology (MRVL) closed at $30.70 in the latest trading session, marking a +0.99% move from the prior day. This move lagged the S&P 500’s daily gain of 1.48%. At the same time, the Dow added 2.21%, and the tech-heavy Nasdaq gained 0.77%.

Investors will be hoping for strength from MRVL as it approaches its next earnings release. In that report, analysts expect MRVL to post earnings of $0.14 per share. This would mark a year-over-year decline of 12.5%. Our most recent consensus estimate is calling for quarterly revenue of $676.13 million, up 2.06% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $0.85 per share and revenue of $2.96 billion, which would represent changes of +28.79% and +9.58%, respectively, from the prior year.

Investors might also notice recent changes to analyst estimates for MRVL. These recent revisions tend to reflect the evolving

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Computer formula ‘could speed up finding people lost at sea and save thousands of lives’

A new computer algorithm could speed up the process of finding people lost at sea, potentially saving thousands of lives, researchers have said.

Every year, thousands of people die at sea in ship and plane accidents, and finding them rapidly is crucial as survival chances plummet after six hours.

The algorithm combines movement patterns with data about ocean currents, making it far faster to track down objects or people lost in the sea.

Read more: Man lost at sea survives because of his jeans

Professor George Haller, of the Swiss Federal Institute of Technology, Zurich (ETH), said: “Our hope is this method will become a standard part of the toolkit of coast guards everywhere.”

The researchers identified paths along which objects on the surface of the sea tend to float – and checked their theories using U.S. Coast Guard data.

They found that buoys and manikins thrown into the

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