Investors focused on the Computer and Technology space have likely heard of Cypress Semiconductor , but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.
Cypress Semiconductor is one of 641 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #6 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 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. CY is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for CY's full-year earnings has moved 1.71% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that CY has returned about 33.10% since the start of the calendar year. In comparison, Computer and Technology companies have returned an average of 22.36%. As we can see, Cypress Semiconductor is performing better than its sector in the calendar year.
Looking more specifically, CY belongs to the Semiconductor - Communications industry, which includes 5 individual stocks and currently sits at #57 in the Zacks Industry Rank. Stocks in this group have gained about 46.01% so far this year, so CY is slightly underperforming its industry this group in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on CY as it attempts to continue its solid performance.
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Is Cypress Semiconductor (CY) Outperforming Other Computer and Technology Stocks This Year?
Investors focused on the Computer and Technology space have likely heard of Cypress Semiconductor , but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.
Cypress Semiconductor is one of 641 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #6 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 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. CY is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for CY's full-year earnings has moved 1.71% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that CY has returned about 33.10% since the start of the calendar year. In comparison, Computer and Technology companies have returned an average of 22.36%. As we can see, Cypress Semiconductor is performing better than its sector in the calendar year.
Looking more specifically, CY belongs to the Semiconductor - Communications industry, which includes 5 individual stocks and currently sits at #57 in the Zacks Industry Rank. Stocks in this group have gained about 46.01% so far this year, so CY is slightly underperforming its industry this group in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on CY as it attempts to continue its solid performance.