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Has Cisco Systems (CSCO) Outpaced Other Computer and Technology Stocks This Year?
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Investors focused on the Computer and Technology space have likely heard of Cisco Systems (CSCO - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of CSCO and the rest of the Computer and Technology group's stocks.
Cisco Systems is a member of our Computer and Technology group, which includes 635 different companies and currently sits at #6 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. CSCO is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for CSCO's full-year earnings has moved 5.01% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that CSCO has returned about 18.28% since the start of the calendar year. In comparison, Computer and Technology companies have returned an average of 3.23%. This shows that Cisco Systems is outperforming its peers so far this year.
Breaking things down more, CSCO is a member of the Computer - Networking industry, which includes 10 individual companies and currently sits at #174 in the Zacks Industry Rank. Stocks in this group have gained about 18.78% so far this year, so CSCO is slightly underperforming its industry this group in terms of year-to-date returns.
CSCO will likely be looking to continue its solid performance, so investors interested Computer and Technology stocks should continue to pay close attention to the company.
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Has Cisco Systems (CSCO) Outpaced Other Computer and Technology Stocks This Year?
Investors focused on the Computer and Technology space have likely heard of Cisco Systems (CSCO - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of CSCO and the rest of the Computer and Technology group's stocks.
Cisco Systems is a member of our Computer and Technology group, which includes 635 different companies and currently sits at #6 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. CSCO is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for CSCO's full-year earnings has moved 5.01% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that CSCO has returned about 18.28% since the start of the calendar year. In comparison, Computer and Technology companies have returned an average of 3.23%. This shows that Cisco Systems is outperforming its peers so far this year.
Breaking things down more, CSCO is a member of the Computer - Networking industry, which includes 10 individual companies and currently sits at #174 in the Zacks Industry Rank. Stocks in this group have gained about 18.78% so far this year, so CSCO is slightly underperforming its industry this group in terms of year-to-date returns.
CSCO will likely be looking to continue its solid performance, so investors interested Computer and Technology stocks should continue to pay close attention to the company.