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Is salesforce.com (CRM) Outperforming Other Computer and Technology Stocks This Year?

The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. salesforce.com (CRM) 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? 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 the Computer and Technology sector. This group includes 647 individual stocks and currently holds a Zacks Sector Rank of #2. 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. CRM is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for CRM's full-year earnings has moved 8.22% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Our latest available data shows that CRM has returned about 8.75% since the start of the calendar year. In comparison, Computer and Technology companies have returned an average of 4.33%. This means that salesforce.com is outperforming the sector as a whole this year.

Looking more specifically, CRM belongs to the Computer - Software industry, which includes 49 individual stocks and currently sits at #56 in the Zacks Industry Rank. Stocks in this group have gained about 5.68% so far this year, so CRM is performing better this group in terms of year-to-date returns.

Investors in the Computer and Technology sector will want to keep a close eye on CRM as it attempts to continue its solid performance.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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