We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is ServiceNow (NOW) Stock Outpacing Its Computer and Technology Peers This Year?
Read MoreHide Full Article
The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is ServiceNow (NOW - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.
ServiceNow is one of 612 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #5 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. NOW is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for NOW's full-year earnings has moved 1.34% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, NOW has returned 42.27% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 10.72% on a year-to-date basis. This means that ServiceNow is outperforming the sector as a whole this year.
Breaking things down more, NOW is a member of the Computers - IT Services industry, which includes 32 individual companies and currently sits at #145 in the Zacks Industry Rank. Stocks in this group have gained about 4.54% so far this year, so NOW is performing better this group in terms of year-to-date returns.
NOW 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is ServiceNow (NOW) Stock Outpacing Its Computer and Technology Peers 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. Is ServiceNow (NOW - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.
ServiceNow is one of 612 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #5 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. NOW is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for NOW's full-year earnings has moved 1.34% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, NOW has returned 42.27% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 10.72% on a year-to-date basis. This means that ServiceNow is outperforming the sector as a whole this year.
Breaking things down more, NOW is a member of the Computers - IT Services industry, which includes 32 individual companies and currently sits at #145 in the Zacks Industry Rank. Stocks in this group have gained about 4.54% so far this year, so NOW is performing better this group in terms of year-to-date returns.
NOW 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.