We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Are Computer and Technology Stocks Lagging Cirrus Logic (CRUS) This Year?
Read MoreHide Full Article
Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Cirrus Logic (CRUS - 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? 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.
Cirrus Logic is one of 605 companies in the Computer and Technology group. The Computer and Technology group currently sits at #1 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Cirrus Logic is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for CRUS' full-year earnings has moved 7.6% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, CRUS has moved about 33.4% on a year-to-date basis. At the same time, Computer and Technology stocks have gained an average of 28.6%. As we can see, Cirrus Logic is performing better than its sector in the calendar year.
Another stock in the Computer and Technology sector, Amkor Technology (AMKR - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 29.2%.
For Amkor Technology, the consensus EPS estimate for the current year has increased 3.4% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Cirrus Logic belongs to the Electronics - Semiconductors industry, a group that includes 45 individual companies and currently sits at #57 in the Zacks Industry Rank. Stocks in this group have gained about 46.7% so far this year, so CRUS is slightly underperforming its industry this group in terms of year-to-date returns. Amkor Technology is also part of the same industry.
Cirrus Logic and Amkor Technology could continue their solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to these stocks.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Are Computer and Technology Stocks Lagging Cirrus Logic (CRUS) This Year?
Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Cirrus Logic (CRUS - 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? 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.
Cirrus Logic is one of 605 companies in the Computer and Technology group. The Computer and Technology group currently sits at #1 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Cirrus Logic is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for CRUS' full-year earnings has moved 7.6% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, CRUS has moved about 33.4% on a year-to-date basis. At the same time, Computer and Technology stocks have gained an average of 28.6%. As we can see, Cirrus Logic is performing better than its sector in the calendar year.
Another stock in the Computer and Technology sector, Amkor Technology (AMKR - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 29.2%.
For Amkor Technology, the consensus EPS estimate for the current year has increased 3.4% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Cirrus Logic belongs to the Electronics - Semiconductors industry, a group that includes 45 individual companies and currently sits at #57 in the Zacks Industry Rank. Stocks in this group have gained about 46.7% so far this year, so CRUS is slightly underperforming its industry this group in terms of year-to-date returns. Amkor Technology is also part of the same industry.
Cirrus Logic and Amkor Technology could continue their solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to these stocks.