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Is CommScope Holding Company (COMM) Stock Outpacing Its Computer and Technology Peers This Year?
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Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has CommScope Holding Company (COMM - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
CommScope Holding Company is a member of the Computer and Technology sector. This group includes 640 individual stocks and currently holds a Zacks Sector Rank of #3. 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 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. COMM is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for COMM's full-year earnings has moved 32.02% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, COMM has returned 58.57% so far this year. In comparison, Computer and Technology companies have returned an average of 22.97%. As we can see, CommScope Holding Company is performing better than its sector in the calendar year.
Looking more specifically, COMM belongs to the Communication - Infrastructure industry, which includes 7 individual stocks and currently sits at #2 in the Zacks Industry Rank. On average, this group has gained an average of 45.77% so far this year, meaning that COMM is performing better in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on COMM as it attempts to continue its solid performance.
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Is CommScope Holding Company (COMM) Stock Outpacing Its Computer and Technology Peers This Year?
Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has CommScope Holding Company (COMM - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
CommScope Holding Company is a member of the Computer and Technology sector. This group includes 640 individual stocks and currently holds a Zacks Sector Rank of #3. 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 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. COMM is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for COMM's full-year earnings has moved 32.02% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, COMM has returned 58.57% so far this year. In comparison, Computer and Technology companies have returned an average of 22.97%. As we can see, CommScope Holding Company is performing better than its sector in the calendar year.
Looking more specifically, COMM belongs to the Communication - Infrastructure industry, which includes 7 individual stocks and currently sits at #2 in the Zacks Industry Rank. On average, this group has gained an average of 45.77% so far this year, meaning that COMM is performing better in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on COMM as it attempts to continue its solid performance.