Is Couchbase (BASE) Stock Outpacing Its Computer and Technology Peers This Year?

For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Couchbase, Inc. (BASE) 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.Couchbase, Inc. is one of 607 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #6 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Couchbase, Inc. is currently sporting a Zacks Rank of #2 (Buy).The Zacks Consensus Estimate for BASE's full-year earnings has moved 2.9% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.Based on the most recent data, BASE has returned 12.4% so far this year. In comparison, Computer and Technology companies have returned an average of -4.3%. This means that Couchbase, Inc. is outperforming the sector as a whole this year.Another Computer and Technology stock, which has outperformed the sector so far this year, is DigitalOcean Holdings, Inc. (DOCN). The stock has returned 25.4% year-to-date.For DigitalOcean Holdings, Inc. the consensus EPS estimate for the current year has increased 1.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).Breaking things down more, Couchbase, Inc. is a member of the Internet - Software industry, which includes 150 individual companies and currently sits at #82 in the Zacks Industry Rank. Stocks in this group have gained about 5.9% so far this year, so BASE is performing better this group in terms of year-to-date returns. DigitalOcean Holdings, Inc. is also part of the same industry.Investors with an interest in Computer and Technology stocks should continue to track Couchbase, Inc. and DigitalOcean Holdings, Inc. These stocks will be looking to continue their solid performance.7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.3% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>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 Couchbase, Inc. (BASE): Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks