Investors focused on the Computer and Technology space have likely heard of Cisco Systems (CSCO - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
Cisco Systems is one of 641 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #6 in 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 is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. CSCO is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for CSCO's full-year earnings has moved 1.82% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, CSCO has moved about 23.15% on a year-to-date basis. Meanwhile, the Computer and Technology sector has returned an average of 19.48% on a year-to-date basis. This means that Cisco Systems is outperforming the sector as a whole this year.
Looking more specifically, CSCO belongs to the Computer - Networking industry, which includes 8 individual stocks and currently sits at #219 in the Zacks Industry Rank. On average, stocks in this group have gained 24.08% this year, meaning that CSCO is slightly underperforming its industry in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track CSCO. The stock will be looking to continue its solid performance.