Investors focused on the Computer and Technology space have likely heard of New Relic , but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.

New Relic is a member of the Computer and Technology sector. This group includes 594 individual stocks and currently holds a Zacks Sector Rank of #4. 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 system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. NEWR is currently sporting a Zacks Rank of #1 (Strong Buy).

Within the past quarter, the Zacks Consensus Estimate for NEWR's full-year earnings has moved 33.62% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

According to our latest data, NEWR has moved about 47.19% on a year-to-date basis. At the same time, Computer and Technology stocks have gained an average of 2.42%. This shows that New Relic is outperforming its peers so far this year.

Looking more specifically, NEWR belongs to the Internet - Software industry, a group that includes 75 individual stocks and currently sits at #40 in the Zacks Industry Rank. This group has gained an average of 7.78% so far this year, so NEWR is performing better in this area.

Investors with an interest in Computer and Technology stocks should continue to track NEWR. The stock will be looking to continue its solid performance.