Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Ooma (OOMA) 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 OOMA and the rest of the Computer and Technology group’s stocks.
Ooma is a member of our Computer and Technology group, which includes 606 different companies and currently sits at #11 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success,