There are many great stocks in the Computer and Technology group, but investors should always look for companies that are outperforming their peers. Dell Technologies (DELL) is a stock that has many investors on its radar, but are its recent earnings performing better than the industry as a whole? A quick look at how the company's year-to-date performance compares to other companies in the Computer and Technology sector should help answer this question.
Dell Technologies is one of 617 individual stocks in the Computer and Technology sector. These companies earn a combined Zacks Sector Rank of #8. The Zacks Sector Rank includes 16 groups and is listed in order from best to worst based on the average Zacks Rank of the individual companies within each sector.
The Zacks Rank is an effective stock-selection model that emphasizes earnings estimates and estimate revisions. The system highlights a variety of stocks poised to outperform the broader market over the next one to three months. Dell Technologies currently carries a Zacks Rank #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for DELL's full-year earnings has increased 2.2%, signaling improving analyst sentiment and a stronger earnings outlook for the company.
Our most recent data shows that DELL is up about 46.2% year to date, while stocks in the Computer and Technology group are up about 23.5%, on average. This means that Dell Technologies is performing better than its sector in terms of year-to-date earnings.
Another stock in the Computer and Technology sector, Ceragon Networks (CRNT), has outperformed the sector so far this year, with the stock returning 34.7% year to date.
The consensus estimate for Ceragon Networks' current fiscal year EPS has increased 33.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Dell Technologies belongs to the Computer – Microcomputer industry, which includes 2 individual companies and currently sits at #99 in the Zacks Industry Rank. This group has gained an average of 17.8% so far this year, meaning DELL is the better performer in terms of year-to-date earnings.
In contrast, Ceragon Networks is a part of the Non-US Wireless industry. There are currently 13 stocks in this industry, ranking it at number 60. Since the beginning of the year, the industry has gained +4.1%.
Investors interested in Computer and Technology stocks should continue to track Dell Technologies and Ceragon Networks, as these stocks are expected to continue their strong performance.
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