Investors focused on the Computer and Technology space have likely heard of Comtech Telecommunications (CMTL - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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 594 companies in the Computer and Technology group. The Computer and Technology group currently sits at #4 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. CMTL is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for CMTL's full-year earnings has moved 27.31% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that CMTL has returned about 27.17% since the start of the calendar year. Meanwhile, stocks in the Computer and Technology group have gained about 0.43% on average. This means that Comtech Telecommunications is outperforming the sector as a whole this year.
Breaking things down more, CMTL is a member of the Wireless Equipment industry, which includes 15 individual companies and currently sits at #33 in the Zacks Industry Rank. Stocks in this group have gained about 9.92% so far this year, so CMTL is performing better this group in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on CMTL as it attempts to continue its solid performance.