Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has Citrix Systems been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Citrix Systems is a member of our Computer and Technology group, which includes 630 different companies and currently sits at #8 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. CTXS is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for CTXS's full-year earnings has moved 9.07% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, CTXS has moved about 21.39% on a year-to-date basis. At the same time, Computer and Technology stocks have gained an average of 9.84%. This shows that Citrix Systems is outperforming its peers so far this year.
To break things down more, CTXS belongs to the Computer - Software industry, a group that includes 51 individual companies and currently sits at #49 in the Zacks Industry Rank. On average, this group has gained an average of 18.28% so far this year, meaning that CTXS is performing better in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track CTXS. The stock will be looking to continue its solid performance.
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Has Citrix Systems (CTXS) Outpaced Other Computer and Technology Stocks This Year?
Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has Citrix Systems been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Citrix Systems is a member of our Computer and Technology group, which includes 630 different companies and currently sits at #8 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. CTXS is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for CTXS's full-year earnings has moved 9.07% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, CTXS has moved about 21.39% on a year-to-date basis. At the same time, Computer and Technology stocks have gained an average of 9.84%. This shows that Citrix Systems is outperforming its peers so far this year.
To break things down more, CTXS belongs to the Computer - Software industry, a group that includes 51 individual companies and currently sits at #49 in the Zacks Industry Rank. On average, this group has gained an average of 18.28% so far this year, meaning that CTXS is performing better in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track CTXS. The stock will be looking to continue its solid performance.