Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has Cisco Systems (CSCO) been one of those stocks this year? Let’s take a closer look at the stock’s year-to-date performance to find out.

Cisco Systems is one of 632 companies in the Computer and Technology group. The Computer and Technology group currently sits at #8 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

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

Over the past three months, the Zacks Consensus Estimate for CSCO’s full-year earnings has moved 2.10% higher. This means that analyst sentiment is stronger and the stock’s earnings outlook is improving.

Based on the latest available data, CSCO has gained about 1.36% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 1.07% on a year-to-date basis. This shows that Cisco Systems is outperforming its peers so far this year.

Looking more specifically, CSCO belongs to the Computer – Networking industry, which includes 9 individual stocks and currently sits at #66 in the Zacks Industry Rank. This group has gained an average of 2.10% so far this year, so CSCO is slightly underperforming its industry in this area.

Investors with an interest in Computer and Technology stocks should continue to track CSCO. The stock will be looking 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
 
Cisco Systems, Inc. (CSCO): Free Stock Analysis Report
 
To read this article on Zacks.com click here.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.