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Has COUPA SOFTWARE (COUP) Outpaced Other Computer and Technology Stocks This Year?

Zacks Equity Research

Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has COUPA SOFTWARE (COUP) been one of those stocks this year? 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.

COUPA SOFTWARE is one of 631 companies in the Computer and Technology group. The Computer and Technology group currently sits at #7 within 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 proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. COUP is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for COUP's full-year earnings has moved 14.05% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

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Based on the latest available data, COUP has gained about 92.19% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 21.82% on average. As we can see, COUPA SOFTWARE is performing better than its sector in the calendar year.

Looking more specifically, COUP belongs to the Internet - Software industry, a group that includes 91 individual stocks and currently sits at #56 in the Zacks Industry Rank. This group has gained an average of 8.94% so far this year, so COUP is performing better in this area.

Investors with an interest in Computer and Technology stocks should continue to track COUP. The stock will be looking to continue its solid performance.


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Zacks Investment Research