Dycom Industries saw its IBD SmartSelect Composite Rating rise to 97 Thursday, up from 94 the day before.
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The upgrade means the stock is now outpacing 97% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.
Dycom Industries is currently extended beyond a proper buy zone after breaking out from a 207.20 buy point in a consolidation.
The stock sports a 92 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth is outpacing 92% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q1, the company reported 5% earnings-per-share growth. Revenue growth came in at 10%, down from 14% in the previous quarter.
Dycom Industries earns the No. 1 rank among its peers in the Telecom-Infrastructure industry group. Ubiquiti and Gogo Inc. are also among the group's highest-rated stocks.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
