We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is CyberArk Software (CYBR) Outperforming Other Computer and Technology Stocks This Year?
Read MoreHide Full Article
Investors focused on the Computer and Technology space have likely heard of CyberArk Software (CYBR - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
CyberArk Software is a member of the Computer and Technology sector. This group includes 629 individual stocks and currently holds a Zacks Sector Rank of #5. 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 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. CYBR is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for CYBR's full-year earnings has moved 17.53% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, CYBR has returned 54.75% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 6.62% on average. As we can see, CyberArk Software is performing better than its sector in the calendar year.
To break things down more, CYBR belongs to the Security industry, a group that currently sits at #43 in the Zacks Industry Rank. This group has gained an average of 26.09% so far this year, so CYBR is performing better in this area.
Investors in the Computer and Technology sector will want to keep a close eye on CYBR as it attempts to continue its solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is CyberArk Software (CYBR) Outperforming Other Computer and Technology Stocks This Year?
Investors focused on the Computer and Technology space have likely heard of CyberArk Software (CYBR - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
CyberArk Software is a member of the Computer and Technology sector. This group includes 629 individual stocks and currently holds a Zacks Sector Rank of #5. 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 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. CYBR is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for CYBR's full-year earnings has moved 17.53% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, CYBR has returned 54.75% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 6.62% on average. As we can see, CyberArk Software is performing better than its sector in the calendar year.
To break things down more, CYBR belongs to the Security industry, a group that currently sits at #43 in the Zacks Industry Rank. This group has gained an average of 26.09% so far this year, so CYBR is performing better in this area.
Investors in the Computer and Technology sector will want to keep a close eye on CYBR as it attempts to continue its solid performance.