Are Computer and Technology Stocks Lagging Oracle (ORCL) This Year?

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The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Oracle (ORCL) 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? 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.

Oracle is a member of the Computer and Technology sector. This group includes 618 individual stocks and currently holds a Zacks Sector Rank of #8. 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 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. Oracle is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for ORCL's full-year earnings has moved 0.7% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

According to our latest data, ORCL has moved about 33.5% on a year-to-date basis. In comparison, Computer and Technology companies have returned an average of 16.3%. This means that Oracle is outperforming the sector as a whole this year.

Another stock in the Computer and Technology sector, Ceragon Networks (CRNT), has outperformed the sector so far this year. The stock's year-to-date return is 35.9%.

Over the past three months, Ceragon Networks' consensus EPS estimate for the current year has increased 33.3%. The stock currently has a Zacks Rank #2 (Buy).

Looking more specifically, Oracle belongs to the Computer - Software industry, a group that includes 33 individual stocks and currently sits at #49 in the Zacks Industry Rank. Stocks in this group have gained about 8.5% so far this year, so ORCL is performing better this group in terms of year-to-date returns.

On the other hand, Ceragon Networks belongs to the Wireless Non-US industry. This 13-stock industry is currently ranked #18. The industry has moved +1.8% year to date.

Investors with an interest in Computer and Technology stocks should continue to track Oracle and Ceragon Networks. These stocks will be looking to continue their solid performance.

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