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. Is Vmware (VMW - Free Report) one of those stocks right now? 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.
Vmware is a member of the Computer and Technology sector. This group includes 630 individual stocks and currently holds a Zacks Sector Rank of #9. 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. VMW is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for VMW's full-year earnings has moved 3.98% 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, VMW has moved about 17.72% on a year-to-date basis. At the same time, Computer and Technology stocks have gained an average of 9.08%. As we can see, Vmware is performing better than its sector in the calendar year.
Looking more specifically, VMW belongs to the Computer - Software industry, a group that includes 51 individual stocks and currently sits at #68 in the Zacks Industry Rank. Stocks in this group have gained about 17.73% so far this year, so VMW is slightly underperforming its industry this group in terms of year-to-date returns.
VMW will likely be looking to continue its solid performance, so investors interested Computer and Technology stocks should continue to pay close attention to the company.