Has CommScope (COMM) outperformed other computer and technology stocks this year?

For those looking for strong IT & Technology stocks, it’s wise to look for companies in the group that are outperforming their peers. CommScope (COMM) is a stock that can certainly catch the eye of many investors, but do its recent performances compare favorably to the sector as a whole? A quick look at the company’s year-to-date performance compared to the rest of the IT and technology industry should help us answer this question.

CommScope is one of 660 information technology group companies. The Information & Technology group currently ranks #8 in the Zacks industry rankings. The Zacks Sector Range measures the strength of our 16 individual sector groups by measuring the average Zacks Range of the individual stocks within the groups.

Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that exhibit the right characteristics to beat the market in the next one to three months. CommScope currently sports a Zacks rank of #2 (buy).

The Zacks Consensus Estimate for COMM’s full-year earnings rose 11.6% in the latest quarter. This indicates that analyst sentiment is improving and the earnings outlook for the stock is more positive.

According to the latest available data, COMM has gained around 2.4% so far this year. At the same time, Information & Technology shares have lost an average of 27.7%. As we can see, CommScope is outperforming its industry in the calendar year.

Another Information & Technology stock that has outperformed the sector so far this year is NuScale Power Corporation (SMR). The stock has returned 36.8% so far this year.

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Over the past three months, NuScale Power Corporation’s consensus EPS estimate for the current year has increased 3.1%. The stock currently has a Zacks #2 (Buy) rank.

Looking more specifically, CommScope belongs to the Communication Infrastructure industry, a group that includes 8 individual stocks and currently ranks #193 in the Zacks industry ranking. On average, this group has lost an average of 44.8% so far this year, which means that COMM is outperforming in terms of performance to date.

NuScale Power Corporation, however, belongs to the Electronics – Power Generation industry. Currently, this 4-stock industry is ranked at number 22. The industry has moved -49.9% YTD.

Going forward, investors interested in computer and technology stocks should continue to pay close attention to CommScope and NuScale Power Corporation as they could maintain their strong performance.

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