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

Zacks Equity Research
DSW (DBI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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? One simple way to answer this question is to take a look at the year-to-date performance of CYBR and the rest of the Computer and Technology group's stocks.

CyberArk Software is a member of the Computer and Technology sector. This group includes 642 individual stocks and currently holds a Zacks Sector Rank of #10. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

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).

Over the past 90 days, the Zacks Consensus Estimate for CYBR's full-year earnings has moved 17.82% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Based on the latest available data, CYBR has gained about 52.67% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 17.18% on average. As we can see, CyberArk Software is performing better than its sector in the calendar year.

To break things down more, CYBR belongs to the Security industry, a group that includes 11 individual companies and currently sits at #39 in the Zacks Industry Rank. This group has gained an average of 24.71% so far this year, so CYBR is performing better in this area.

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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