The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Qualys (QLYS - 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 QLYS and the rest of the Computer and Technology group's stocks.
Qualys is one of 642 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #8 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 #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for QLYS's full-year earnings has moved 5.46% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, QLYS has returned 8.70% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 16.16% on a year-to-date basis. As we can see, Qualys is performing better than its sector in the calendar year.
Looking more specifically, QLYS belongs to the Security industry, which includes 11 individual stocks and currently sits at #34 in the Zacks Industry Rank. On average, this group has gained an average of 23.12% so far this year, meaning that QLYS is slightly underperforming its industry in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on QLYS as it attempts to continue its solid performance.