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Is Keysight Technologies (KEYS) Outperforming Other Computer and Technology Stocks This Year?

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Investors focused on the Computer and Technology space have likely heard of Keysight Technologies (KEYS - 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.

Keysight Technologies is a member of the Computer and Technology sector. This group includes 647 individual stocks and currently holds a Zacks Sector Rank of #2. 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. KEYS is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for KEYS's full-year earnings has moved 3.78% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Our latest available data shows that KEYS has returned about 9.21% since the start of the calendar year. Meanwhile, the Computer and Technology sector has returned an average of 4.33% on a year-to-date basis. This means that Keysight Technologies is performing better than its sector in terms of year-to-date returns.

Looking more specifically, KEYS belongs to the Electronics - Measuring Instruments industry, a group that includes 9 individual stocks and currently sits at #33 in the Zacks Industry Rank. This group has gained an average of 8.65% so far this year, so KEYS is performing better in this area.

Investors with an interest in Computer and Technology stocks should continue to track KEYS. The stock will be looking to continue its solid performance.


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