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 596 individual stocks and currently holds a Zacks Sector Rank of #4. 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 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 #1 (Strong Buy).
The Zacks Consensus Estimate for CYBR's full-year earnings has moved 19.02% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, CYBR has returned 64.65% so far this year. In comparison, Computer and Technology companies have returned an average of 3.49%. This shows that CyberArk Software is outperforming its peers so far this year.
To break things down more, CYBR belongs to the Security industry, a group that includes 11 individual companies and currently sits at #38 in the Zacks Industry Rank. On average, this group has gained an average of 29.63% so far this year, meaning that CYBR is performing better in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track CYBR. The stock will be looking to continue its solid performance.