For a CMC immersion from a two-dimensional compact smooth manifold with boundary into the Euclidean three-space, we give
sufficient conditions under which it has a CMC deformation fixing the boundary. Moreover, we give a criterion of the stability for CMC immersions. Both of these are achieved by using the properties of eigenvalues and eigenfunctions of an eigenvalue problem associated to the second variation of the area functional. In a certain special case, by combining these results, we obtain a 'visible' way of judging the stability.