Is Comtech Telecommunications (CMTL) Outperforming Other Computer and Technology Stocks This Year?
Investors focused on the Computer and Technology space have likely heard of Comtech Telecommunications (CMTL), 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.
Comtech Telecommunications is a member of our Computer and Technology group, which includes 630 different companies and currently sits at #8 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. CMTL is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for CMTL's full-year earnings has moved 8.26% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that CMTL has returned about 44.94% since the start of the calendar year. Meanwhile, stocks in the Computer and Technology group have gained about 5.44% on average. As we can see, Comtech Telecommunications is performing better than its sector in the calendar year.
Looking more specifically, CMTL belongs to the Wireless Equipment industry, which includes 18 individual stocks and currently sits at #40 in the Zacks Industry Rank. On average, stocks in this group have gained 2.83% this year, meaning that CMTL is performing better in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track CMTL. The stock will be looking to continue its solid performance.
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