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Has Nice (NICE) Outpaced Other Computer and Technology Stocks This Year?
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Investors focused on the Computer and Technology space have likely heard of Nice (NICE - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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.
Nice is one of 659 companies in the Computer and Technology group. The Computer and Technology group currently sits at #4 within 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. NICE is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for NICE's full-year earnings has moved 48.92% 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 NICE has returned about 22.08% since the start of the calendar year. At the same time, Computer and Technology stocks have lost an average of 1.71%. This means that Nice is outperforming the sector as a whole this year.
Breaking things down more, NICE is a member of the Internet - Software industry, which includes 89 individual companies and currently sits at #26 in the Zacks Industry Rank. This group has gained an average of 8.13% so far this year, so NICE is performing better in this area.
Investors with an interest in Computer and Technology stocks should continue to track NICE. The stock will be looking to continue its solid performance.
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Has Nice (NICE) Outpaced Other Computer and Technology Stocks This Year?
Investors focused on the Computer and Technology space have likely heard of Nice (NICE - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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.
Nice is one of 659 companies in the Computer and Technology group. The Computer and Technology group currently sits at #4 within 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. NICE is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for NICE's full-year earnings has moved 48.92% 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 NICE has returned about 22.08% since the start of the calendar year. At the same time, Computer and Technology stocks have lost an average of 1.71%. This means that Nice is outperforming the sector as a whole this year.
Breaking things down more, NICE is a member of the Internet - Software industry, which includes 89 individual companies and currently sits at #26 in the Zacks Industry Rank. This group has gained an average of 8.13% so far this year, so NICE is performing better in this area.
Investors with an interest in Computer and Technology stocks should continue to track NICE. The stock will be looking to continue its solid performance.