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? 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.
CyberArk Software is a member of the Computer and Technology sector. This group includes 660 individual stocks and currently holds a Zacks Sector Rank of #6. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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 18.79% 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 64.12% since the start of the calendar year. In comparison, Computer and Technology companies have returned an average of 2.30%. This means that CyberArk Software is outperforming the sector as a whole this year.
Looking more specifically, CYBR belongs to the Security industry, a group that includes 12 individual stocks and currently sits at #27 in the Zacks Industry Rank. On average, stocks in this group have gained 25.57% 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.