Investors focused on the Computer and Technology space have likely heard of CyberArk Software (CYBR Quick QuoteCYBR - 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.