CrowdStrike Holdings (CRWD) is making waves in the Computer and Technology sector with its impressive performance. As one of 630 companies in the group, CrowdStrike Holdings currently holds the #8 spot within the Zacks Sector Rank. This rank is determined by the average Zacks Rank of individual companies within each sector, with the best-ranked companies listed at the top.
CrowdStrike Holdings is currently sporting a Zacks Rank of #2 (Buy), indicating its potential to outperform the broader market over the next few months. Analyst sentiment has been improving, as evidenced by the 175.3% increase in the Zacks Consensus Estimate for CRWD’s full-year earnings over the past 90 days.
Year-to-date, CRWD has seen a significant increase of about 72.7%. In comparison, the Computer and Technology group has gained an average of 37.7%. This means that CrowdStrike Holdings is outperforming the sector as a whole.
Another standout stock in the Computer and Technology sector is Adobe Systems (ADBE), which has returned 57.3% year-to-date. With a consensus EPS estimate increase of 2% over the past three months and a Zacks Rank #2 (Buy), Adobe Systems is also worth keeping an eye on.
In terms of industry rankings, CrowdStrike Holdings belongs to the Internet – Software industry, which currently sits at #68 in the Zacks Industry Rank. On average, this industry has gained 50.6% so far this year, indicating that CRWD is performing better than its peers.
On the other hand, Adobe Systems falls under the Computer – Software industry, which is ranked #107 and has moved +38.1% since the beginning of the year.
Investors interested in Computer and Technology stocks should continue to monitor CrowdStrike Holdings and Adobe Systems as they strive to maintain their solid performance.
For more information and recommendations, you can download the 7 Best Stocks for the Next 30 Days from Zacks Investment Research.