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Is Attunity (ATTU) Outperforming Other Computer and Technology Stocks This Year?

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Investors focused on the Computer and Technology space have likely heard of Attunity , 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.

Attunity is a member of our Computer and Technology group, which includes 647 different companies and currently sits at #2 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. ATTU is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for ATTU's full-year earnings has moved 275% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Our latest available data shows that ATTU has returned about 6.71% since the start of the calendar year. In comparison, Computer and Technology companies have returned an average of 4.81%. This shows that Attunity is outperforming its peers so far this year.

To break things down more, ATTU belongs to the Internet - Software industry, a group that includes 83 individual companies and currently sits at #26 in the Zacks Industry Rank. On average, stocks in this group have gained 9.77% this year, meaning that ATTU is slightly underperforming its industry in terms of year-to-date returns.

Investors with an interest in Computer and Technology stocks should continue to track ATTU. The stock will be looking to continue its solid performance.

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