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Check Point Software Technologies Ltd. (CHKP) - free report >>
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Check Point Software Technologies Ltd. (CHKP) - free report >>
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Is Check Point Software Technologies (CHKP) Outperforming 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. Check Point Software Technologies (CHKP - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of CHKP and the rest of the Computer and Technology group's stocks.
Check Point Software Technologies is one of 627 companies in the Computer and Technology group. The Computer and Technology group currently sits at #5 within 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 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. CHKP is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for CHKP's full-year earnings has moved 0.34% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that CHKP has returned about 12.59% since the start of the calendar year. In comparison, Computer and Technology companies have returned an average of 11.14%. This means that Check Point Software Technologies is outperforming the sector as a whole this year.
To break things down more, CHKP belongs to the Security industry, a group that currently sits at #75 in the Zacks Industry Rank. On average, this group has gained an average of 37.12% so far this year, meaning that CHKP is slightly underperforming its industry in terms of year-to-date returns.
CHKP 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.