Investors focused on the Computer and Technology space have likely heard of Cisco Systems (CSCO Quick QuoteCSCO - 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 627 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).

Over the past 90 days, the Zacks Consensus Estimate for CSCO's full-year earnings has moved 0.52% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Our latest available data shows that CSCO has returned about 9.82% since the start of the calendar year. Meanwhile, stocks in the Computer and Technology group have gained about 10.46% on average. This shows that Cisco Systems is outperforming its peers so far this year.

To break things down more, CSCO belongs to the Computer - Networking industry, a group that includes 10 individual companies and currently sits at #83 in the Zacks Industry Rank. On average, stocks in this group have gained 11.46% this year, meaning that CSCO is slightly underperforming its industry in terms of year-to-date returns.

Investors in the Computer and Technology sector will want to keep a close eye on CSCO as it attempts to continue its solid performance.