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Is Attunity (ATTU) Outperforming Other Computer and Technology Stocks This Year?

Investors focused on the Computer and Technology space have likely heard of Attunity (ATTU), but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

Attunity is a member of our Computer and Technology group, which includes 655 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 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. ATTU is currently sporting a Zacks Rank of #1 (Strong Buy).

The Zacks Consensus Estimate for ATTU's full-year earnings has moved 1,050% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Based on the latest available data, ATTU has gained about 167.76% so far this year. Meanwhile, the Computer and Technology sector has returned an average of -6.65% on a year-to-date basis. This means that Attunity is performing better than its sector in terms of year-to-date returns.

To break things down more, ATTU belongs to the Internet - Software industry, a group that includes 89 individual companies and currently sits at #28 in the Zacks Industry Rank. On average, this group has gained an average of 1.01% so far this year, meaning that ATTU is performing better in terms of year-to-date returns.

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

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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