Investors focused on the Computer and Technology space have likely heard of Vocera Communications , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
Vocera Communications is a member of our Computer and Technology group, which includes 650 different companies and currently sits at #3 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. VCRA is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for VCRA's full-year earnings has moved 22.22% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, VCRA has gained about 5.79% so far this year. In comparison, Computer and Technology companies have returned an average of 3.50%. This means that Vocera Communications is outperforming the sector as a whole this year.
To break things down more, VCRA belongs to the Communication - Components industry, a group that includes 24 individual companies and currently sits at #95 in the Zacks Industry Rank. On average, this group has gained an average of 3.03% so far this year, meaning that VCRA is performing better in terms of year-to-date returns.
VCRA will likely be looking to continue its solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to the company.
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Is Vocera Communications (VCRA) Outperforming Other Computer and Technology Stocks This Year?
Investors focused on the Computer and Technology space have likely heard of Vocera Communications , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
Vocera Communications is a member of our Computer and Technology group, which includes 650 different companies and currently sits at #3 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. VCRA is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for VCRA's full-year earnings has moved 22.22% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, VCRA has gained about 5.79% so far this year. In comparison, Computer and Technology companies have returned an average of 3.50%. This means that Vocera Communications is outperforming the sector as a whole this year.
To break things down more, VCRA belongs to the Communication - Components industry, a group that includes 24 individual companies and currently sits at #95 in the Zacks Industry Rank. On average, this group has gained an average of 3.03% so far this year, meaning that VCRA is performing better in terms of year-to-date returns.
VCRA will likely be looking to continue its solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to the company.