Investors focused on the Computer and Technology space have likely heard of VMware (VMW - 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 VMW and the rest of the Computer and Technology group's stocks.
VMware is a member of the Computer and Technology sector. This group includes 655 individual stocks and currently holds a Zacks Sector Rank of #3. 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 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).
Within the past quarter, the Zacks Consensus Estimate for VMW's full-year earnings has moved 1.02% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, VMW has moved about 15.70% on a year-to-date basis. In comparison, Computer and Technology companies have returned an average of -9.37%. 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, which includes 49 individual stocks and currently sits at #44 in the Zacks Industry Rank. Stocks in this group have gained about 9.54% so far this year, so VMW is performing better this group in terms of year-to-date returns.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to VMW as it looks to continue its solid performance.