Investors focused on the Computer and Technology space have likely heard of Qualys (QLYS - 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 QLYS and the rest of the Computer and Technology group's stocks.
Qualys is a member of our Computer and Technology group, which includes 647 different companies and currently sits at #3 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. QLYS is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for QLYS's full-year earnings has moved 19% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, QLYS has moved about 2.72% on a year-to-date basis. At the same time, Computer and Technology stocks have gained an average of 2.50%. This means that Qualys is outperforming the sector as a whole this year.
Looking more specifically, QLYS belongs to the Security industry, a group that includes 11 individual stocks and currently sits at #68 in the Zacks Industry Rank. This group has gained an average of 2.87% so far this year, so QLYS is slightly underperforming its industry in this area.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to QLYS as it looks to continue its solid performance.