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Has Seagate Technology (STX) Outpaced Other Computer and Technology Stocks This Year?
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For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Seagate Technology (STX - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
Seagate Technology is a member of the Computer and Technology sector. This group includes 632 individual stocks and currently holds a Zacks Sector Rank of #7. 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 system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. STX is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for STX's full-year earnings has moved 9.78% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, STX has gained about 34.58% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 4.51% on a year-to-date basis. As we can see, Seagate Technology is performing better than its sector in the calendar year.
Looking more specifically, STX belongs to the Computer- Storage Devices industry, which includes 9 individual stocks and currently sits at #10 in the Zacks Industry Rank. On average, stocks in this group have gained 18.15% this year, meaning that STX is performing better in terms of year-to-date returns.
STX 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 Seagate Technology (STX) Outpaced Other Computer and Technology Stocks This Year?
For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Seagate Technology (STX - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
Seagate Technology is a member of the Computer and Technology sector. This group includes 632 individual stocks and currently holds a Zacks Sector Rank of #7. 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 system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. STX is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for STX's full-year earnings has moved 9.78% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, STX has gained about 34.58% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 4.51% on a year-to-date basis. As we can see, Seagate Technology is performing better than its sector in the calendar year.
Looking more specifically, STX belongs to the Computer- Storage Devices industry, which includes 9 individual stocks and currently sits at #10 in the Zacks Industry Rank. On average, stocks in this group have gained 18.15% this year, meaning that STX is performing better in terms of year-to-date returns.
STX 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.