The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Comtech Telecommunications (CMTL - 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.
Comtech Telecommunications is one of 630 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #8 in 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. CMTL is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for CMTL's full-year earnings has moved 8.26% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, CMTL has gained about 43.76% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 9.47% on average. This means that Comtech Telecommunications is outperforming the sector as a whole this year.
To break things down more, CMTL belongs to the Wireless Equipment industry, a group that includes 18 individual companies and currently sits at #57 in the Zacks Industry Rank. Stocks in this group have gained about 6.34% so far this year, so CMTL is performing better this group in terms of year-to-date returns.
CMTL 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.