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Is FireEye (FEYE) Stock Outpacing Its Computer and Technology Peers This Year?

Zacks Equity Research

Investors focused on the Computer and Technology space have likely heard of FireEye (FEYE), but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.

FireEye is a member of our Computer and Technology group, which includes 645 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 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. FEYE is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for FEYE's full-year earnings has moved 4.87% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

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Based on the most recent data, FEYE has returned 5.80% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 11.46% on a year-to-date basis. This means that FireEye is outperforming the sector as a whole this year.

Looking more specifically, FEYE belongs to the Security industry, a group that includes 11 individual stocks and currently sits at #14 in the Zacks Industry Rank. Stocks in this group have gained about 18.94% so far this year, so FEYE is slightly underperforming its industry this group in terms of year-to-date returns.

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


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