Investors focused on the Computer and Technology space have likely heard of salesforce.com (CRM), 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 CRM and the rest of the Computer and Technology group's stocks.
salesforce.com is a member of our Computer and Technology group, which includes 658 different companies and currently sits at #4 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. CRM is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for CRM's full-year earnings has moved 8.16% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, CRM has moved about 34.05% on a year-to-date basis. At the same time, Computer and Technology stocks have lost an average of 2.22%. As we can see, salesforce.com is performing better than its sector in the calendar year.
Looking more specifically, CRM belongs to the Computer - Software industry, a group that includes 50 individual stocks and currently sits at #75 in the Zacks Industry Rank. Stocks in this group have gained about 18.11% so far this year, so CRM is performing better this group in terms of year-to-date returns.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to CRM as it looks to continue its solid performance.