Investors focused on the Computer and Technology space have likely heard of Cisco Systems (CSCO - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of CSCO and the rest of the Computer and Technology group's stocks.
Cisco Systems is one of 594 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #4 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 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. CSCO is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CSCO's full-year earnings has moved 2.27% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, CSCO has returned 15.06% so far this year. Meanwhile, the Computer and Technology sector has returned an average of -0.45% on a year-to-date basis. This means that Cisco Systems is performing better than its sector in terms of year-to-date returns.
To break things down more, CSCO belongs to the Computer - Networking industry, a group that includes 8 individual companies and currently sits at #170 in the Zacks Industry Rank. This group has gained an average of 16.31% so far this year, so CSCO is slightly underperforming its industry in this area.
Investors with an interest in Computer and Technology stocks should continue to track CSCO. The stock will be looking to continue its solid performance.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Investors focused on the Computer and Technology space have likely heard of Cisco Systems (CSCO - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of CSCO and the rest of the Computer and Technology group's stocks.
Cisco Systems is one of 594 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #4 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 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. CSCO is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CSCO's full-year earnings has moved 2.27% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, CSCO has returned 15.06% so far this year. Meanwhile, the Computer and Technology sector has returned an average of -0.45% on a year-to-date basis. This means that Cisco Systems is performing better than its sector in terms of year-to-date returns.
To break things down more, CSCO belongs to the Computer - Networking industry, a group that includes 8 individual companies and currently sits at #170 in the Zacks Industry Rank. This group has gained an average of 16.31% so far this year, so CSCO is slightly underperforming its industry in this area.
Investors with an interest in Computer and Technology stocks should continue to track CSCO. The stock will be looking to continue its solid performance.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on CSCO - FREE