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Is CyberArk Software (CYBR) Stock Outpacing Its Computer and Technology Peers 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 one of 645 individual stocks in the Computer and Technology sector. Collectively, these companies sit 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the 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 4.52% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

According to our latest data, CYBR has moved about 37.32% on a year-to-date basis. Meanwhile, stocks in the Computer and Technology group have gained about 12.33% on average. This means that CyberArk Software is performing better than its sector in terms of year-to-date returns.

To break things down more, CYBR belongs to the Security industry, a group that includes 11 individual companies and currently sits at #13 in the Zacks Industry Rank. This group has gained an average of 20.46% so far this year, so CYBR is performing better in this area.

CYBR will likely be looking to continue its solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to the company.


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