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 641 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #7 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. 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 6.29% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, VRNT has gained about 44.93% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 19.28% on a year-to-date basis. This means that Verint Systems is outperforming the sector as a whole this year.
To break things down more, VRNT belongs to the Computer - Software industry, a group that includes 48 individual companies and currently sits at #33 in the Zacks Industry Rank. This group has gained an average of 23.25% so far this year, so VRNT is performing better in this area.
Investors with an interest in Computer and Technology stocks should continue to track VRNT. The stock will be looking to continue its solid performance.