We study modulational instability in a dispersion-managed system where the sign of the group-velocity dispersion is changed at uniformly distributed random distances around a reference length. An analytical technique is presented to estimate the instability gain from the linearized nonlinear Schr{\"o}dinger equation, which is also solved numerically. The comparison of numerical and analytical results confirms the validity of our approach. Modulational instability of purely stochastic origin appears. A competition between instability bands of periodic and stochastic origin is also discussed. We find an instability gain comparable to the conventional values found in a homogeneous anomalous dispersion fiber.