Investors focused on the Computer and Technology space have likely heard of VMware , but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
VMware is a member of our Computer and Technology group, which includes 650 different companies and currently sits 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 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).
Over the past 90 days, the Zacks Consensus Estimate for VMW's full-year earnings has moved 0.91% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that VMW has returned about 8.57% since the start of the calendar year. At the same time, Computer and Technology stocks have gained an average of 3.80%. 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 #85 in the Zacks Industry Rank. On average, stocks in this group have gained 3.77% this year, meaning that VMW is performing better in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track VMW. The stock will be looking to continue its solid performance.
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Is VMware (VMW) Outperforming Other Computer and Technology Stocks This Year?
Investors focused on the Computer and Technology space have likely heard of VMware , but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
VMware is a member of our Computer and Technology group, which includes 650 different companies and currently sits 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 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).
Over the past 90 days, the Zacks Consensus Estimate for VMW's full-year earnings has moved 0.91% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that VMW has returned about 8.57% since the start of the calendar year. At the same time, Computer and Technology stocks have gained an average of 3.80%. 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 #85 in the Zacks Industry Rank. On average, stocks in this group have gained 3.77% this year, meaning that VMW is performing better in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track VMW. The stock will be looking to continue its solid performance.