For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Is F5 Networks (FFIV) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
F5 Networks is one of 606 companies in the Computer and Technology group. The Computer and Technology group currently sits at #1 within the Zacks Sector Rank. 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 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. F5 Networks is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for FFIV's full-year earnings has moved 6.8% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, FFIV has returned 30.8% so far this year. At the same time, Computer and Technology stocks have gained an average of 24.1%. This means that F5 Networks is outperforming the sector as a whole this year.
Another stock in the Computer and Technology sector, DoorDash, Inc. (DASH), has outperformed the sector so far this year. The stock's year-to-date return is 68%.
Over the past three months, DoorDash, Inc.'s consensus EPS estimate for the current year has increased 12.6%. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, F5 Networks is a member of the Internet - Software industry, which includes 169 individual companies and currently sits at #81 in the Zacks Industry Rank. On average, this group has gained an average of 18.7% so far this year, meaning that FFIV is performing better in terms of year-to-date returns.
In contrast, DoorDash, Inc. falls under the Internet - Services industry. Currently, this industry has 35 stocks and is ranked #71. Since the beginning of the year, the industry has moved +32.8%.
Investors interested in the Computer and Technology sector may want to keep a close eye on F5 Networks and DoorDash, Inc. as they attempt to continue their solid performance.
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F5, Inc. (FFIV): Free Stock Analysis Report DoorDash, Inc. (DASH): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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