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Is PC-Tel (PCTI) Stock Outpacing Its Computer and Technology Peers 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 PC-Tel been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

PC-Tel is a member of our Computer and Technology group, which includes 638 different companies and currently sits at #8 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. PCTI is currently sporting a Zacks Rank of #1 (Strong Buy).

Within the past quarter, the Zacks Consensus Estimate for PCTI's full-year earnings has moved 220% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Based on the latest available data, PCTI has gained about 66.20% so far this year. At the same time, Computer and Technology stocks have gained an average of 19.91%. This means that PC-Tel is performing better than its sector in terms of year-to-date returns.

Breaking things down more, PCTI is a member of the Wireless Equipment industry, which includes 15 individual companies and currently sits at #94 in the Zacks Industry Rank. On average, stocks in this group have gained 16.81% this year, meaning that PCTI is performing better in terms of year-to-date returns.

Investors in the Computer and Technology sector will want to keep a close eye on PCTI as it attempts to continue its solid performance.

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