Back to top

Image: Bigstock

Has Salesforce.com (CRM) Outpaced Other Computer and Technology Stocks This Year?

Read MoreHide Full Article

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? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.

Salesforce.com is one of 594 companies in the Computer and Technology group. The Computer and Technology group currently sits at #4 within the Zacks Sector Rank. 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. CRM is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for CRM's full-year earnings has moved 20.52% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Our latest available data shows that CRM has returned about 32.56% since the start of the calendar year. Meanwhile, stocks in the Computer and Technology group have gained about 0.43% on average. This means that Salesforce.com is outperforming the sector as a whole this year.

Breaking things down more, CRM is a member of the Computer - Software industry, which includes 42 individual companies and currently sits at #101 in the Zacks Industry Rank. Stocks in this group have gained about 18.17% so far this year, so CRM is performing better this group in terms of year-to-date returns.

Investors in the Computer and Technology sector will want to keep a close eye on CRM as it attempts to continue its solid performance.


In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


salesforce.com, inc. (CRM) - free report >>

Published in