The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Five9 (FIVN - 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.
Five9 is a member of our Computer and Technology group, which includes 625 different companies and currently sits at #3 in 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 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. FIVN is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for FIVN's full-year earnings has moved 64.63% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, FIVN has moved about 89.71% on a year-to-date basis. In comparison, Computer and Technology companies have returned an average of 11.35%. This means that Five9 is performing better than its sector in terms of year-to-date returns.
Looking more specifically, FIVN belongs to the Internet - Software industry, a group that includes 70 individual stocks and currently sits at #89 in the Zacks Industry Rank. On average, this group has gained an average of 28.19% so far this year, meaning that FIVN is performing better in terms of year-to-date returns.
FIVN 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.