Is Qualys (QLYS) Stock Outpacing Its Computer and Technology Peers This Year?

QLYS

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 Qualys (QLYS - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

Qualys is one of 655 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #3 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 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. QLYS is currently sporting a Zacks Rank of #1 (Strong Buy).

The Zacks Consensus Estimate for QLYS's full-year earnings has moved 25.29% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

According to our latest data, QLYS has moved about 25.14% on a year-to-date basis. At the same time, Computer and Technology stocks have lost an average of 3.65%. This shows that Qualys is outperforming its peers so far this year.

To break things down more, QLYS belongs to the Security industry, a group that includes 12 individual companies and currently sits at #17 in the Zacks Industry Rank. Stocks in this group have gained about 20.62% so far this year, so QLYS is performing better this group in terms of year-to-date returns.

QLYS 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.

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