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Is Salesforce.com (CRM) Stock Outpacing Its Computer and Technology Peers This Year?

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Investors focused on the Computer and Technology space have likely heard of Salesforce.com (CRM - 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.

Salesforce.com is one of 632 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #8 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

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. CRM is currently sporting a Zacks Rank of #1 (Strong Buy).

Within the past quarter, the Zacks Consensus Estimate for CRM's full-year earnings has moved 35.73% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Based on the latest available data, CRM has gained about 23.61% so far this year. At the same time, Computer and Technology stocks have gained an average of 5.38%. This means that Salesforce.com is outperforming the sector as a whole this year.

Looking more specifically, CRM belongs to the Computer - Software industry, which includes 51 individual stocks and currently sits at #60 in the Zacks Industry Rank. On average, stocks in this group have gained 13.29% this year, meaning that CRM is performing better in terms of year-to-date returns.

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


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