U.S. Markets close in 3 hrs 58 mins

Is CyberArk Software (CYBR) Stock Outpacing Its Computer and Technology Peers This Year?

Zacks Equity Research
Ethan Allen (ETH) 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 interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. CyberArk Software (CYBR) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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 655 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #3 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

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 33.08% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Based on the most recent data, CYBR has returned 63.20% so far this year. At the same time, Computer and Technology stocks have lost an average of 9.37%. 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 12 individual stocks and currently sits at #19 in the Zacks Industry Rank. On average, stocks in this group have gained 14.92% this year, meaning that CYBR is performing better in terms of year-to-date returns.

Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to CYBR as it looks to continue its solid performance.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
CyberArk Software Ltd. (CYBR) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research