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Is Verint Systems (VRNT) Stock Outpacing Its Computer and Technology Peers This Year?
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Investors focused on the Computer and Technology space have likely heard of Verint Systems (VRNT - Free Report) , 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 VRNT and the rest of the Computer and Technology group's stocks.
Verint Systems is a member of the Computer and Technology sector. This group includes 645 individual stocks and currently holds a Zacks Sector Rank of #4. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. VRNT is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for VRNT's full-year earnings has moved 3.40% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that VRNT has returned about 23.30% since the start of the calendar year. Meanwhile, stocks in the Computer and Technology group have gained about 11.66% on average. This means that Verint Systems is outperforming the sector as a whole this year.
Looking more specifically, VRNT belongs to the Computer - Software industry, a group that includes 49 individual stocks and currently sits at #46 in the Zacks Industry Rank. This group has gained an average of 10.19% so far this year, so VRNT is performing better in this area.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to VRNT as it looks to continue its solid performance.
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Is Verint Systems (VRNT) Stock Outpacing Its Computer and Technology Peers This Year?
Investors focused on the Computer and Technology space have likely heard of Verint Systems (VRNT - Free Report) , 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 VRNT and the rest of the Computer and Technology group's stocks.
Verint Systems is a member of the Computer and Technology sector. This group includes 645 individual stocks and currently holds a Zacks Sector Rank of #4. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. VRNT is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for VRNT's full-year earnings has moved 3.40% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that VRNT has returned about 23.30% since the start of the calendar year. Meanwhile, stocks in the Computer and Technology group have gained about 11.66% on average. This means that Verint Systems is outperforming the sector as a whole this year.
Looking more specifically, VRNT belongs to the Computer - Software industry, a group that includes 49 individual stocks and currently sits at #46 in the Zacks Industry Rank. This group has gained an average of 10.19% so far this year, so VRNT is performing better in this area.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to VRNT as it looks to continue its solid performance.