For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Zix been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Zix is a member of our Computer and Technology group, which includes 645 different companies and currently sits at #5 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 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. ZIXI is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ZIXI's full-year earnings has moved 2.75% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, ZIXI has gained about 47.82% so far this year. At the same time, Computer and Technology stocks have gained an average of 12.33%. This means that Zix is outperforming the sector as a whole this year.
Looking more specifically, ZIXI belongs to the Security industry, which includes 11 individual stocks and currently sits at #13 in the Zacks Industry Rank. On average, stocks in this group have gained 20.46% this year, meaning that ZIXI is performing better in terms of year-to-date returns.
ZIXI will likely be looking to continue its solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to the company.
Image: Bigstock
Has Zix (ZIXI) Outpaced Other Computer and Technology Stocks This Year?
For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Zix been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Zix is a member of our Computer and Technology group, which includes 645 different companies and currently sits at #5 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 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. ZIXI is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ZIXI's full-year earnings has moved 2.75% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, ZIXI has gained about 47.82% so far this year. At the same time, Computer and Technology stocks have gained an average of 12.33%. This means that Zix is outperforming the sector as a whole this year.
Looking more specifically, ZIXI belongs to the Security industry, which includes 11 individual stocks and currently sits at #13 in the Zacks Industry Rank. On average, stocks in this group have gained 20.46% this year, meaning that ZIXI is performing better in terms of year-to-date returns.
ZIXI will likely be looking to continue its solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to the company.