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Is Cisco Systems (CSCO) Outperforming Other Computer and Technology Stocks This Year?
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Investors focused on the Computer and Technology space have likely heard of Cisco Systems (CSCO - 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 CSCO and the rest of the Computer and Technology group's stocks.
Cisco Systems is a member of our Computer and Technology group, which includes 640 different companies and currently sits at #4 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 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. CSCO is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CSCO's full-year earnings has moved 1.79% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that CSCO has returned about 30% since the start of the calendar year. In comparison, Computer and Technology companies have returned an average of 24.20%. As we can see, Cisco Systems is performing better than its sector in the calendar year.
Breaking things down more, CSCO is a member of the Computer - Networking industry, which includes 8 individual companies and currently sits at #104 in the Zacks Industry Rank. On average, stocks in this group have gained 31.06% this year, meaning that CSCO is slightly underperforming its industry in terms of year-to-date returns.
CSCO will likely be looking to continue its solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to the company.
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Is Cisco Systems (CSCO) Outperforming Other Computer and Technology Stocks This Year?
Investors focused on the Computer and Technology space have likely heard of Cisco Systems (CSCO - 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 CSCO and the rest of the Computer and Technology group's stocks.
Cisco Systems is a member of our Computer and Technology group, which includes 640 different companies and currently sits at #4 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 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. CSCO is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CSCO's full-year earnings has moved 1.79% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that CSCO has returned about 30% since the start of the calendar year. In comparison, Computer and Technology companies have returned an average of 24.20%. As we can see, Cisco Systems is performing better than its sector in the calendar year.
Breaking things down more, CSCO is a member of the Computer - Networking industry, which includes 8 individual companies and currently sits at #104 in the Zacks Industry Rank. On average, stocks in this group have gained 31.06% this year, meaning that CSCO is slightly underperforming its industry in terms of year-to-date returns.
CSCO will likely be looking to continue its solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to the company.