Palo Alto Networks is one of 642 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #8 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 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 estimate revisions and favors companies with improving outlooks. PANW is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for PANW's full-year has moved 25.28% higher. This is a sign of improving analyst sentiment and a positive outlook trend.
Based on the most recent data, PANW has returned 25.87% so far this year. In comparison, Computer and Technology companies have returned an average of 20.06%. This means that Palo Alto Networks is performing better than its sector in terms of year-to-date returns.
Breaking things down more, PANW is a member of the Security industry, which includes 11 individual companies and currently sits at #27 in the Zacks Industry Rank. Stocks in this group have gained about 22.84% so far this year, so PANW is performing better this group in terms of year-to-date returns.
PANW 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.