Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Akamai Technologies (AKAM - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of AKAM and the rest of the Computer and Technology group's stocks.
Akamai Technologies is a member of the Computer and Technology sector. This group includes 642 individual stocks and currently holds a Zacks Sector Rank of #8. 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. AKAM is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for AKAM's full-year earnings has moved 1.51% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that AKAM has returned about 19.06% since the start of the calendar year. Meanwhile, the Computer and Technology sector has returned an average of 16.10% on a year-to-date basis. This means that Akamai Technologies is performing better than its sector in terms of year-to-date returns.
Looking more specifically, AKAM belongs to the Internet - Services industry, which includes 50 individual stocks and currently sits at #159 in the Zacks Industry Rank. On average, this group has gained an average of 18.58% so far this year, meaning that AKAM is performing better in terms of year-to-date returns.
AKAM 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.