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Is CyberArk Software (CYBR) Outperforming Other Computer and Technology Stocks This Year?
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Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has CyberArk (CYBR - Free Report) been one of those stocks this year? 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.
CyberArk is one of 607 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #5 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. CyberArk is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for CYBR's full-year earnings has moved 84.3% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that CYBR has returned about 13.2% since the start of the calendar year. Meanwhile, stocks in the Computer and Technology group have gained about 7.5% on average. As we can see, CyberArk is performing better than its sector in the calendar year.
Camtek (CAMT - Free Report) is another Computer and Technology stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 8.9%.
For Camtek, the consensus EPS estimate for the current year has increased 1.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, CyberArk belongs to the Security industry, a group that includes 10 individual companies and currently sits at #42 in the Zacks Industry Rank. This group has gained an average of 18.6% so far this year, so CYBR is slightly underperforming its industry in this area.
In contrast, Camtek falls under the Electronics - Measuring Instruments industry. Currently, this industry has 5 stocks and is ranked #30. Since the beginning of the year, the industry has moved +2.1%.
Investors with an interest in Computer and Technology stocks should continue to track CyberArk and Camtek. These stocks will be looking to continue their solid performance.
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Is CyberArk Software (CYBR) Outperforming Other Computer and Technology Stocks This Year?
Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has CyberArk (CYBR - Free Report) been one of those stocks this year? 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.
CyberArk is one of 607 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #5 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. CyberArk is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for CYBR's full-year earnings has moved 84.3% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that CYBR has returned about 13.2% since the start of the calendar year. Meanwhile, stocks in the Computer and Technology group have gained about 7.5% on average. As we can see, CyberArk is performing better than its sector in the calendar year.
Camtek (CAMT - Free Report) is another Computer and Technology stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 8.9%.
For Camtek, the consensus EPS estimate for the current year has increased 1.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, CyberArk belongs to the Security industry, a group that includes 10 individual companies and currently sits at #42 in the Zacks Industry Rank. This group has gained an average of 18.6% so far this year, so CYBR is slightly underperforming its industry in this area.
In contrast, Camtek falls under the Electronics - Measuring Instruments industry. Currently, this industry has 5 stocks and is ranked #30. Since the beginning of the year, the industry has moved +2.1%.
Investors with an interest in Computer and Technology stocks should continue to track CyberArk and Camtek. These stocks will be looking to continue their solid performance.