Skip to content
  • Computer & Technology
  • SEO
  • Technology
  • About Us
    • Contact Us
    • Advertise Here
    • Disclosure Policy
    • Sitemap
  • Computer & Technology

Is Zoom Video Communications (ZM) Stock Outpacing Its Computer and Technology Peers This Year?

August 19, 2020
evan
0 Comments

Investors focused on the Computer and Technology space have likely heard of Zoom Video Communications (ZM), but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company’s year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.

Zoom Video Communications is a member of our Computer and Technology group, which includes 605 different companies and currently sits at #4 in the Zacks Sector Rank. 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. ZM is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for ZM’s full-year earnings has moved 4,050% higher. This means that analyst sentiment is stronger and the stock’s earnings outlook is improving.

Related Posts:

  • From Windows 1 to Windows 10: 29 years of Windows evolution | Microsoft

Based on the latest available data, ZM has gained about 306.82% so far this year. In comparison, Computer and Technology companies have returned an average of 22.77%. This means that Zoom Video Communications is performing better than its sector in terms of year-to-date returns.

Breaking things down more, ZM is a member of the Internet – Software industry, which includes 90 individual companies and currently sits at #110 in the Zacks Industry Rank. This group has gained an average of 59.91% so far this year, so ZM is performing better in this area.

ZM will likely be looking to continue its solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to the company.

Click to get this free report
 
Zoom Video Communications, Inc. (ZM) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.” data-reactid=”30″>
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
 
Zoom Video Communications, Inc. (ZM) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.

Communications computer Outpacing Peers stock technology video Year Zoom

« Is FormFactor (FORM) Stock Outpacing Its Computer and Technology Peers This Year?
Robotic Arm Permits Amputee To Touch And Really feel Again »
Sidebar

Recent Posts

  • 9 Ways To Improve The WEB OPTIMIZATION Of Every Website You Design
  • White Hat WEBSITE POSITIONING Companies
  • Bithumb links system with Samsung Securities, mobile apps
  • Report: The US organ transplant network is failing desperate patients
  • Can You Run Windows Software on an M1 or M2 Mac?
Intellifluence Trusted Blogger

Archives

Categories

August 2022
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031  
« Jul    

BL

TL

Visit Now

health benefits of turmeric

play 

pixliv Digitally first class

Theme by The WP Club . Proudly powered by WordPress