Investors focused on the Computer and Technology space have likely heard of Cisco Systems (CSCO), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of CSCO and the rest of the Computer and Technology group's stocks.
Cisco Systems is a member of the Computer and Technology sector. This group includes 642 individual stocks and currently holds a Zacks Sector Rank of #10. 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the 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 1.51% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, CSCO has returned 21.72% so far this year. In comparison, Computer and Technology companies have returned an average of 17.18%. As we can see, Cisco Systems is performing better than its sector in the calendar year.
Looking more specifically, CSCO belongs to the Computer - Networking industry, which includes 8 individual stocks and currently sits at #99 in the Zacks Industry Rank. Stocks in this group have gained about 22.17% so far this year, so CSCO 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 CSCO as it looks to continue its solid performance.
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