We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
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.
Is Cisco Systems (CSCO) Outperforming Other Computer and Technology Stocks This Year?
Read MoreHide Full Article
Investors focused on the Computer and Technology space have likely heard of Cisco Systems (CSCO - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of CSCO and the rest of the Computer and Technology group's stocks.
Cisco Systems is one of 594 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #4 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. CSCO is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CSCO's full-year earnings has moved 2.27% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, CSCO has returned 15.06% so far this year. Meanwhile, the Computer and Technology sector has returned an average of -0.45% on a year-to-date basis. This means that Cisco Systems is performing better than its sector in terms of year-to-date returns.
To break things down more, CSCO belongs to the Computer - Networking industry, a group that includes 8 individual companies and currently sits at #170 in the Zacks Industry Rank. This group has gained an average of 16.31% so far this year, so CSCO is slightly underperforming its industry in this area.
Investors with an interest in Computer and Technology stocks should continue to track CSCO. The stock will be looking to continue its solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Cisco Systems (CSCO) Outperforming Other Computer and Technology Stocks This Year?
Investors focused on the Computer and Technology space have likely heard of Cisco Systems (CSCO - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of CSCO and the rest of the Computer and Technology group's stocks.
Cisco Systems is one of 594 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #4 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. CSCO is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CSCO's full-year earnings has moved 2.27% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, CSCO has returned 15.06% so far this year. Meanwhile, the Computer and Technology sector has returned an average of -0.45% on a year-to-date basis. This means that Cisco Systems is performing better than its sector in terms of year-to-date returns.
To break things down more, CSCO belongs to the Computer - Networking industry, a group that includes 8 individual companies and currently sits at #170 in the Zacks Industry Rank. This group has gained an average of 16.31% so far this year, so CSCO is slightly underperforming its industry in this area.
Investors with an interest in Computer and Technology stocks should continue to track CSCO. The stock will be looking to continue its solid performance.