The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Commvault Systems (CVLT) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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.
Commvault Systems is one of 608 companies in the Computer and Technology group. The Computer and Technology group currently sits at #5 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 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. Commvault Systems is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for CVLT's full-year earnings has moved 8.7% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, CVLT has returned 13% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 0.6% on average. This means that Commvault Systems is outperforming the sector as a whole this year.
One other Computer and Technology stock that has outperformed the sector so far this year is Calix (CALX). The stock is up 36.2% year-to-date.
For Calix, the consensus EPS estimate for the current year has increased 75.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Commvault Systems belongs to the Computer - Software industry, a group that includes 30 individual stocks and currently sits at #43 in the Zacks Industry Rank. On average, stocks in this group have gained 10.5% this year, meaning that CVLT is performing better in terms of year-to-date returns.
On the other hand, Calix belongs to the Internet - Software industry. This 169-stock industry is currently ranked #54. The industry has moved +11.4% year to date.
Investors interested in the Computer and Technology sector may want to keep a close eye on Commvault Systems and Calix as they attempt to continue their solid performance.
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CommVault Systems, Inc. (CVLT): Free Stock Analysis Report American Public Education, Inc. (APEI): Free Stock Analysis Report Philip Morris International Inc. (PM): Free Stock Analysis Report Crown Holdings, Inc. (CCK): Free Stock Analysis Report Calix, Inc (CALX): Free Stock Analysis Report DBV Technologies S.A. (DBVT): Free Stock Analysis Report Dundee Precious Metals Inc. (DPMLF): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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