We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Has Progress Software (PRGS) Outpaced Other Computer and Technology Stocks This Year?
Read MoreHide Full Article
Investors focused on the Computer and Technology space have likely heard of Progress Software (PRGS - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.
Progress Software is one of 630 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #1 in the Zacks Sector Rank. 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 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. PRGS is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for PRGS's full-year earnings has moved 2.90% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, PRGS has moved about 8.81% on a year-to-date basis. At the same time, Computer and Technology stocks have gained an average of 8.36%. This means that Progress Software is outperforming the sector as a whole this year.
Looking more specifically, PRGS belongs to the Computer - Software industry, a group that includes 43 individual stocks and currently sits at #56 in the Zacks Industry Rank. Stocks in this group have gained about 14.62% so far this year, so PRGS is slightly underperforming its industry this group in terms of year-to-date returns.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to PRGS as it looks to continue its solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Has Progress Software (PRGS) Outpaced Other Computer and Technology Stocks This Year?
Investors focused on the Computer and Technology space have likely heard of Progress Software (PRGS - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.
Progress Software is one of 630 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #1 in the Zacks Sector Rank. 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 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. PRGS is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for PRGS's full-year earnings has moved 2.90% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, PRGS has moved about 8.81% on a year-to-date basis. At the same time, Computer and Technology stocks have gained an average of 8.36%. This means that Progress Software is outperforming the sector as a whole this year.
Looking more specifically, PRGS belongs to the Computer - Software industry, a group that includes 43 individual stocks and currently sits at #56 in the Zacks Industry Rank. Stocks in this group have gained about 14.62% so far this year, so PRGS is slightly underperforming its industry this group in terms of year-to-date returns.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to PRGS as it looks to continue its solid performance.