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Is CyberArk Software (CYBR) Outperforming Other Computer and Technology Stocks This Year?
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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? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
CyberArk Software is one of 659 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #6 in the Zacks Sector Rank. 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 #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CYBR's full-year earnings has moved 36.68% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, CYBR has gained about 56.27% so far this year. In comparison, Computer and Technology companies have returned an average of -3.88%. 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 12 individual companies and currently sits at #20 in the Zacks Industry Rank. On average, this group has gained an average of 17.34% so far this year, meaning that CYBR is performing better in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on CYBR as it attempts to continue its solid performance.
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Is CyberArk Software (CYBR) Outperforming Other Computer and Technology Stocks This Year?
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? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
CyberArk Software is one of 659 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #6 in the Zacks Sector Rank. 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 #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CYBR's full-year earnings has moved 36.68% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, CYBR has gained about 56.27% so far this year. In comparison, Computer and Technology companies have returned an average of -3.88%. 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 12 individual companies and currently sits at #20 in the Zacks Industry Rank. On average, this group has gained an average of 17.34% so far this year, meaning that CYBR is performing better in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on CYBR as it attempts to continue its solid performance.