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Is CommScope Holding Company (COMM) Outperforming Other Computer and Technology Stocks This Year?
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Investors focused on the Computer and Technology space have likely heard of CommScope Holding Company (COMM - 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 COMM and the rest of the Computer and Technology group's stocks.
CommScope Holding Company is one of 637 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #7 in 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 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. COMM is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for COMM's full-year earnings has moved 12.28% 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 COMM has returned about 6.47% since the start of the calendar year. In comparison, Computer and Technology companies have returned an average of 15.07%. This shows that CommScope Holding Company is outperforming its peers so far this year.
Breaking things down more, COMM is a member of the Communication - Infrastructure industry, which includes 7 individual companies and currently sits at #11 in the Zacks Industry Rank. Stocks in this group have gained about 33.12% so far this year, so COMM is slightly underperforming its industry this group in terms of year-to-date returns.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to COMM as it looks to continue its solid performance.
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Is CommScope Holding Company (COMM) Outperforming Other Computer and Technology Stocks This Year?
Investors focused on the Computer and Technology space have likely heard of CommScope Holding Company (COMM - 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 COMM and the rest of the Computer and Technology group's stocks.
CommScope Holding Company is one of 637 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #7 in 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 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. COMM is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for COMM's full-year earnings has moved 12.28% 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 COMM has returned about 6.47% since the start of the calendar year. In comparison, Computer and Technology companies have returned an average of 15.07%. This shows that CommScope Holding Company is outperforming its peers so far this year.
Breaking things down more, COMM is a member of the Communication - Infrastructure industry, which includes 7 individual companies and currently sits at #11 in the Zacks Industry Rank. Stocks in this group have gained about 33.12% so far this year, so COMM is slightly underperforming its industry this group in terms of year-to-date returns.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to COMM as it looks to continue its solid performance.