Back to top

Image: Bigstock

Is Verint Systems (VRNT) Outperforming Other Computer and Technology Stocks This Year?

Read MoreHide Full Article

Investors focused on the Computer and Technology space have likely heard of Verint Systems (VRNT - Free Report) , 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.

Verint Systems is one of 647 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 includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

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. VRNT is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past three months, the Zacks Consensus Estimate for VRNT's full-year earnings has moved 1.95% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

According to our latest data, VRNT has moved about 9.69% on a year-to-date basis. Meanwhile, stocks in the Computer and Technology group have gained about 4.93% on average. This shows that Verint Systems is outperforming its peers so far this year.

Breaking things down more, VRNT is a member of the Computer - Software industry, which includes 49 individual companies and currently sits at #39 in the Zacks Industry Rank. Stocks in this group have gained about 5.71% so far this year, so VRNT is performing better this group in terms of year-to-date returns.

Investors with an interest in Computer and Technology stocks should continue to track VRNT. The stock will be looking to continue its solid performance.


See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


Verint Systems Inc. (VRNT) - free report >>

Published in