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Is Corning (GLW) 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. Is Corning (GLW - Free Report) one of those stocks right now? 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.
Corning is one of 613 companies in the Computer and Technology group. The Computer and Technology group currently sits at #3 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. Corning is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for GLW's full-year earnings has moved 2.8% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that GLW has returned about 73.1% since the start of the calendar year. In comparison, Computer and Technology companies have returned an average of 21.3%. As we can see, Corning is performing better than its sector in the calendar year.
F5 Networks (FFIV - 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 70.6%.
The consensus estimate for F5 Networks' current year EPS has increased 6.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Corning is a member of the Communication - Components industry, which includes 13 individual companies and currently sits at #28 in the Zacks Industry Rank. Stocks in this group have gained about 80.3% so far this year, so GLW is slightly underperforming its industry this group in terms of year-to-date returns.
In contrast, F5 Networks falls under the Internet - Software industry. Currently, this industry has 174 stocks and is ranked #93. Since the beginning of the year, the industry has moved +5.9%.
Corning and F5 Networks 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 Corning (GLW) 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. Is Corning (GLW - Free Report) one of those stocks right now? 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.
Corning is one of 613 companies in the Computer and Technology group. The Computer and Technology group currently sits at #3 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. Corning is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for GLW's full-year earnings has moved 2.8% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that GLW has returned about 73.1% since the start of the calendar year. In comparison, Computer and Technology companies have returned an average of 21.3%. As we can see, Corning is performing better than its sector in the calendar year.
F5 Networks (FFIV - 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 70.6%.
The consensus estimate for F5 Networks' current year EPS has increased 6.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Corning is a member of the Communication - Components industry, which includes 13 individual companies and currently sits at #28 in the Zacks Industry Rank. Stocks in this group have gained about 80.3% so far this year, so GLW is slightly underperforming its industry this group in terms of year-to-date returns.
In contrast, F5 Networks falls under the Internet - Software industry. Currently, this industry has 174 stocks and is ranked #93. Since the beginning of the year, the industry has moved +5.9%.
Corning and F5 Networks could continue their solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to these stocks.