Technology stocks

Has Intrusion Inc. (INTZ) outperformed other IT and technology stocks this year?

For those looking to find strong IT and technology stocks, it is prudent to look for group companies that outperform their peers. Has Intrusion Inc. (INTZ) been one of those stocks this year? Looking at the stock’s year-to-date performance against its IT and tech counterparts, we might be able to answer that question.

Intrusion Inc. is one of 668 individual stocks in the computer and technology sector. Collectively, these companies rank 7th in the Zacks industry rankings. The Zacks Sector Ranking assesses the strength of our 16 individual sector groups by measuring the average Zacks Ranking of individual stocks within the groups.

The Zacks Ranking 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 revisions to earnings estimates and favors companies with improving earnings prospects. Intrusion Inc. currently sports a Zacks rank of #2 (buy).

Over the past 90 days, the Zacks consensus estimate for INTZ’s full-year earnings rose 3.7%. This signals that analyst sentiment is improving and the stock’s earnings outlook is more positive.

Our latest available data shows that INTZ has returned around 3.2% since the start of the calendar year. At the same time, computer and technology stocks lost an average of 11.8%. This shows that Intrusion Inc. is outperforming its peers so far this year.

QuickLogic (QUIK) is another IT and technology stock that has outperformed the sector so far this year. Since the start of the year, the stock has gained 1.8%.

QuickLogic’s year-to-date EPS consensus estimate is up 28% over the past three months. The stock currently has a Zacks rank #2 (buy).

Specifically, Intrusion Inc. belongs to the computer networking industry, which comprises 9 individual stocks and is currently ranked 33rd in the Zacks industry rankings. This group has lost an average of 15.4% so far this year, so INTZ is performing better in this area.

In contrast, QuickLogic falls under the Electronics – Semiconductors industry. Currently, this industry has 43 stocks and ranks 43rd. Since the beginning of the year, the industry has evolved by -16.8%.

Investors interested in computer and technology stocks should continue to follow Intrusion Inc. and QuickLogic. These stocks will look to continue their strong 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.