On Oct 15, we issued an updated research report on Garmin Ltd. GRMN.The Kansas-based company is an original equipment manufacturer (OEM) of navigation and communication equipment that incorporates the global positioning system (“GPS”)-based technology.Notably, Garmin has beaten the Zacks Consensus Estimate in the trailing four quarters, delivering an average positive surprise of 13.55%.Coming to the price performance, shares of Garmin have returned 4.4% on a year-to-date basis against the industry’s decline of 2.1%.Portfolio Strength: A PositiveProduct portfolio expansion remains the top priority for Garmin. In sync with this strategy, the company is focusing on building a community of users. This will ensure increased engagement with its products which will continue to drive its top-line growth and aid market share.The company operates in five organized segments — Outdoor, Fitness, Marine, Auto/Mobile and Aviation. A solid portfolio will persistently aid the company’s performance across all the segments.Garmin has been following a strategy of product introductions, acquisitions and strategic partnerships. Individual and recreational purchases (retail sales) aside, it has also signed on some important accounts (OEMs).This bodes well for the company’s strong focus toward business diversification and market expansion which in turn will help it to explore growth opportunities across all the business segments.Garmin’s Focus on OutdoorThe company has a very strong Outdoor business where it continues to introduce new products and extend the functionality of current products.This segment of Garmin offers technologies to enhance users’ outdoor experiences like hunting, trail running, mountain biking, golfing, diving or using satellite communication.Currently, Garmin is witnessing notable success in this segment on the back of new technologies that are gradually expanding its markets and enabling it to enter new categories. Moreover, increasing demand for wearables worldwide is aiding top-line growth in this segment.Recently, the company announced a deal with leading digital music service, Spotify per which the latter’s support services will be integrated into its wristwear, Fenix 5 Plus series. The service will allow Garmin customers to download and listen to millions of songs on Spotify, even when they are offline and do not have their phones.Further, Garmin unveiled GPSMAP 66s and the GPSMAP 66st, the new outdoor GPS handheld series which assist its users in outdoor navigation, trip planning, mapping and data sharing.All these strong endeavors are in sync with the company’s strong focus toward expansion of its Outdoor portfolio.Zacks Rank & Other Stocks to ConsiderGarmin currently flaunts a Zacks Rank #1 (Strong Buy).A few other top-ranked stocks in the broader Computer and Technology sector are Twitter, Inc. TWTR, Control4 Corporation CTRL and CyberArk Software Ltd. CYBR, each sporting a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.Long-term earnings growth for Twitter, Control4 and CyberArk is projected to be 22.05%, 11.5% and 19.83%, respectively.The Hottest Tech Mega-Trend of AllLast year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.See Zacks' 3 Best Stocks to Play This Trend >>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 Twitter, Inc. (TWTR): Free Stock Analysis Report CyberArk Software Ltd. (CYBR): Free Stock Analysis Report Garmin Ltd. (GRMN): Free Stock Analysis Report Control4 Corporation (CTRL): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research