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Has Cisco Systems (CSCO) Outpaced Other Computer and Technology Stocks This Year?

Zacks Equity Research

Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Is Cisco Systems (CSCO) 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.

Cisco Systems is a member of the Computer and Technology sector. This group includes 645 individual stocks and currently holds a Zacks Sector Rank of #5. 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 is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. 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 1.43% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

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According to our latest data, CSCO has moved about 14.59% on a year-to-date basis. At the same time, Computer and Technology stocks have gained an average of 12.33%. This shows that Cisco Systems is outperforming its peers so far this year.

Breaking things down more, CSCO is a member of the Computer - Networking industry, which includes 9 individual companies and currently sits at #50 in the Zacks Industry Rank. Stocks in this group have gained about 15.39% so far this year, so CSCO is slightly underperforming its industry this group in terms of year-to-date returns.

Investors with an interest in Computer and Technology stocks should continue to track CSCO. The stock will be looking to continue its solid performance.


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