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.
Is AppFolio (APPF) Outperforming Other Computer and Technology Stocks This Year?
Read MoreHide Full Article
Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. AppFolio (APPF - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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.
AppFolio is one of 624 companies in the Computer and Technology group. The Computer and Technology group currently sits at #1 within 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 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. APPF is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for APPF's full-year earnings has moved 33.33% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, APPF has moved about 106.99% on a year-to-date basis. In comparison, Computer and Technology companies have returned an average of 10.71%. As we can see, AppFolio is performing better than its sector in the calendar year.
Breaking things down more, APPF is a member of the Internet - Software industry, which includes 70 individual companies and currently sits at #83 in the Zacks Industry Rank. On average, this group has gained an average of 26.98% so far this year, meaning that APPF is performing better in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on APPF as it attempts to continue its solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is AppFolio (APPF) Outperforming Other Computer and Technology Stocks This Year?
Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. AppFolio (APPF - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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.
AppFolio is one of 624 companies in the Computer and Technology group. The Computer and Technology group currently sits at #1 within 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 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. APPF is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for APPF's full-year earnings has moved 33.33% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, APPF has moved about 106.99% on a year-to-date basis. In comparison, Computer and Technology companies have returned an average of 10.71%. As we can see, AppFolio is performing better than its sector in the calendar year.
Breaking things down more, APPF is a member of the Internet - Software industry, which includes 70 individual companies and currently sits at #83 in the Zacks Industry Rank. On average, this group has gained an average of 26.98% so far this year, meaning that APPF is performing better in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on APPF as it attempts to continue its solid performance.