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Is Couchbase (BASE) Stock Outpacing Its Computer and Technology Peers This Year?
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Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Couchbase, Inc. (BASE - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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.
Couchbase, Inc. is one of 607 companies in the Computer and Technology group. The Computer and Technology group currently sits at #6 within 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. Couchbase, Inc. is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for BASE's full-year earnings has moved 6.7% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, BASE has returned 55.9% so far this year. In comparison, Computer and Technology companies have returned an average of 7.5%. This means that Couchbase, Inc. is outperforming the sector as a whole this year.
JFrog Ltd. (FROG - Free Report) is another Computer and Technology stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 35.4%.
For JFrog Ltd., the consensus EPS estimate for the current year has increased 1.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Couchbase, Inc. belongs to the Internet - Software industry, a group that includes 173 individual stocks and currently sits at #65 in the Zacks Industry Rank. This group has gained an average of 14.1% so far this year, so BASE is performing better in this area. JFrog Ltd. is also part of the same industry.
Couchbase, Inc. and JFrog Ltd. could continue their solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to these stocks.
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Is Couchbase (BASE) Stock Outpacing Its Computer and Technology Peers This Year?
Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Couchbase, Inc. (BASE - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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.
Couchbase, Inc. is one of 607 companies in the Computer and Technology group. The Computer and Technology group currently sits at #6 within 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. Couchbase, Inc. is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for BASE's full-year earnings has moved 6.7% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, BASE has returned 55.9% so far this year. In comparison, Computer and Technology companies have returned an average of 7.5%. This means that Couchbase, Inc. is outperforming the sector as a whole this year.
JFrog Ltd. (FROG - Free Report) is another Computer and Technology stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 35.4%.
For JFrog Ltd., the consensus EPS estimate for the current year has increased 1.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Couchbase, Inc. belongs to the Internet - Software industry, a group that includes 173 individual stocks and currently sits at #65 in the Zacks Industry Rank. This group has gained an average of 14.1% so far this year, so BASE is performing better in this area. JFrog Ltd. is also part of the same industry.
Couchbase, Inc. and JFrog Ltd. could continue their solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to these stocks.