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Is Cisco Systems (CSCO) Outperforming Other Computer and Technology Stocks This Year?
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The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Cisco Systems (CSCO - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Cisco Systems is a member of the Computer and Technology sector. This group includes 637 individual stocks and currently holds a Zacks Sector Rank of #7. 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. CSCO is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for CSCO's full-year earnings has moved 2.03% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, CSCO has moved about 24.46% on a year-to-date basis. In comparison, Computer and Technology companies have returned an average of 14.75%. This means that Cisco Systems is outperforming the sector as a whole this year.
Looking more specifically, CSCO belongs to the Computer - Networking industry, a group that includes 8 individual stocks and currently sits at #227 in the Zacks Industry Rank. On average, this group has gained an average of 25.17% so far this year, meaning that CSCO is slightly underperforming its industry in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on CSCO as it attempts to continue its solid performance.
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Is Cisco Systems (CSCO) Outperforming Other Computer and Technology Stocks This Year?
The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Cisco Systems (CSCO - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Cisco Systems is a member of the Computer and Technology sector. This group includes 637 individual stocks and currently holds a Zacks Sector Rank of #7. 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. CSCO is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for CSCO's full-year earnings has moved 2.03% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, CSCO has moved about 24.46% on a year-to-date basis. In comparison, Computer and Technology companies have returned an average of 14.75%. This means that Cisco Systems is outperforming the sector as a whole this year.
Looking more specifically, CSCO belongs to the Computer - Networking industry, a group that includes 8 individual stocks and currently sits at #227 in the Zacks Industry Rank. On average, this group has gained an average of 25.17% so far this year, meaning that CSCO is slightly underperforming its industry in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on CSCO as it attempts to continue its solid performance.