Investors focused on the Computer and Technology space have likely heard of VMware (VMW), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of VMW and the rest of the Computer and Technology group’s stocks.
VMware is a member of the Computer and Technology sector. This group includes 655 individual stocks and currently holds a Zacks Sector Rank of #3. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. VMW is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for VMW’s full-year earnings has moved 1.02% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, VMW has moved about 15.70% on a year-to-date basis. In comparison, Computer and Technology companies have returned an average of -9.37%. As we can see, VMware is performing better than its sector in the calendar year.
Looking more specifically, VMW belongs to the Computer – Software industry, which includes 49 individual stocks and currently sits at #44 in the Zacks Industry Rank. Stocks in this group have gained about 9.54% so far this year, so VMW is performing better this group in terms of year-to-date returns.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to VMW as it looks to continue its solid performance.
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