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Is Upland Software (UPLD) Stock Outpacing Its Computer and Technology Peers This Year?

The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Upland Software (UPLD) 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? 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 a member of our Computer and Technology group, which includes 658 different companies and currently sits 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 15.90% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the most recent data, UPLD has returned 24.70% so far this year. Meanwhile, stocks in the Computer and Technology group have lost about 1.35% on average. This means that Upland Software is performing better than its sector in terms of year-to-date returns.

Looking more specifically, UPLD belongs to the Internet - Software industry, which includes 89 individual stocks and currently sits at #25 in the Zacks Industry Rank. Stocks in this group have gained about 8.51% so far this year, so UPLD is performing better this group in terms of year-to-date returns.

Investors in the Computer and Technology sector will want to keep a close eye on UPLD as it attempts 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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