Top Ranked Growth Stocks to Buy for May 22nd

Zacks Equity Research

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, May 22nd:

Acacia Communications, Inc. (ACIA): This manufacturer of high-speed coherent optical interconnect products, which carries a Zacks Rank #1 (Strong Buy), has witnessed the Zacks Consensus Estimate for its current year earnings increasing 18.7% over the last 60 days.

Acacia Communications, Inc. Price and Consensus

Acacia Communications, Inc. Price and Consensus

Acacia Communications, Inc. price-consensus-chart | Acacia Communications, Inc. Quote

Acacia Communications has a PEG ratio of 0.93, compared with 1.67 for the industry. The company possesses a Growth Score of B.

Acacia Communications, Inc. PEG Ratio (TTM)

Acacia Communications, Inc. PEG Ratio (TTM)

Acacia Communications, Inc. peg-ratio-ttm | Acacia Communications, Inc. Quote

The Allstate Corporation (ALL): This property and casualty and other insurance products, which carries a Zacks Rank #2, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 11.6% over the last 60 days.

The Allstate Corporation Price and Consensus

The Allstate Corporation Price and Consensus

The Allstate Corporation price-consensus-chart | The Allstate Corporation Quote

Allstate has a PEG ratio of 1.10 compared with 1.57 for the industry. The company possesses a Growth Score of A.

The Allstate Corporation PEG Ratio (TTM)

The Allstate Corporation PEG Ratio (TTM)

The Allstate Corporation peg-ratio-ttm | The Allstate Corporation Quote

Celestica Inc. (CLS): This provider of design, manufacturing, hardware platform and supply chain solutions, which carries a Zacks Rank #2 (Buy), has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.6% over the last 60 days.

Celestica, Inc. Price and Consensus

Celestica, Inc. Price and Consensus

Celestica, Inc. price-consensus-chart | Celestica, Inc. Quote

Celestica has a PEG ratio of 0.76, compared with 1.27 for the industry. The company possesses a Growth Score of A.

Celestica, Inc. PEG Ratio (TTM)

Celestica, Inc. PEG Ratio (TTM)

Celestica, Inc. peg-ratio-ttm | Celestica, Inc. Quote

See the full list of top ranked stocks here.

Learn more about the Growth score and how it is calculated here.

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