Investors focused on the Computer and Technology space have likely heard of Upland Software (UPLD), 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 UPLD and the rest of the Computer and Technology group's stocks.
Upland Software is one of 654 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #4 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. UPLD is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for UPLD's full-year earnings has moved 14.23% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that UPLD has returned about 22.02% since the start of the calendar year. In comparison, Computer and Technology companies have returned an average of -5.92%. This means that Upland Software is outperforming the sector as a whole this year.
Looking more specifically, UPLD belongs to the Internet - Software industry, which includes 89 individual stocks and currently sits at #29 in the Zacks Industry Rank. Stocks in this group have gained about 3.70% so far this year, so UPLD is performing better this group in terms of year-to-date returns.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to UPLD as it looks to continue its solid performance.