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Has Cognizant Technology (CTSH) Outpaced Other Computer and Technology Stocks This Year?

Is (MCS) Outperforming Other Consumer Discretionary Stocks This Year?

Investors focused on the Computer and Technology space have likely heard of Cognizant Technology Solutions (CTSH), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of CTSH and the rest of the Computer and Technology group's stocks.

Cognizant Technology Solutions is one of 635 companies in the Computer and Technology group. The Computer and Technology group currently sits at #5 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

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

Over the past three months, the Zacks Consensus Estimate for CTSH's full-year earnings has moved 6.89% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

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Based on the most recent data, CTSH has returned 15.21% so far this year. At the same time, Computer and Technology stocks have gained an average of 1.90%. This means that Cognizant Technology Solutions is outperforming the sector as a whole this year.

Looking more specifically, CTSH belongs to the Business - Software Services industry, which includes 12 individual stocks and currently sits at #184 in the Zacks Industry Rank. On average, this group has gained an average of 7.80% so far this year, meaning that CTSH is performing better in terms of year-to-date returns.

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


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