Is Zscaler (ZS) Outperforming Other Computer and Technology Stocks This Year?

dnrt8765

The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Zscaler (ZS) 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? One simple way to answer this question is to take a look at the year-to-date performance of ZS and the rest of the Computer and Technology group’s stocks.

Zscaler is one of 606 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #10 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

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. ZS is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for ZS’s full-year earnings has moved 3.38% higher within the past quarter. This means that analyst sentiment is stronger and the stock’s earnings outlook is improving.

According to our latest data, ZS has moved about 158.73% on a year-to-date basis. At the same time, Computer and Technology stocks have gained an average of 15.28%. This means that Zscaler is outperforming the sector as a whole this year.

To break things down more, ZS belongs to the Internet – Services industry, a group that includes 47 individual companies and currently sits at #158 in the Zacks Industry Rank. On average, stocks in this group have gained 16.25% this year, meaning that ZS is performing better in terms of year-to-date returns.

Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to ZS as it looks to continue its solid performance.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Zscaler, Inc. (ZS) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

Next Post

A look at 7 deadly explosions involving ammonium nitrate | Health and Fitness

Investigators probing the deadly blast that ripped across Beirut focused Wednesday on possible negligence in the storage of tons of a highly explosive fertilizer in a waterfront warehouse, while the government ordered the house arrest of several port officials. The investigation is focusing on how 2,750 tons of ammonium nitrate, […]