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Is CyberArk Software (CYBR) Outperforming Other Computer and Technology Stocks This Year?

Zacks Equity Research
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Investors focused on the Computer and Technology space have likely heard of CyberArk Software (CYBR), 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 a member of our Computer and Technology group, which includes 641 different companies and currently sits at #5 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 proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. 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 17.82% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

According to our latest data, CYBR has moved about 59.67% on a year-to-date basis. At the same time, Computer and Technology stocks have gained an average of 19.94%. This means that CyberArk Software is performing better than its sector in terms of year-to-date returns.

Looking more specifically, CYBR belongs to the Security industry, which includes 11 individual stocks and currently sits at #77 in the Zacks Industry Rank. On average, this group has gained an average of 24.01% 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.


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