Novatel Wireless (NVTL) in Focus: Stock Tumbles 7.8% - Tale of the Tape
January 28 2014 - 7:40AM
Zacks
Novatel Wireless
Inc. (NVTL) saw a big move last session, as the company’s
shares fell by about 8% on the day. The move came on pretty good
volume too with far more shares changing hands than in a normal
session. This reverses the recent trend for NVTL, as the stock is
now up 27.6% since Jan 13.
The company has seen a flat track record when it comes to current
year estimate revisions over the past few weeks and the consensus
for earnings hasn’t changed either. This recent price action is
discouraging, so make sure to keep a close watch of this wireless
equipment manufacturer in the near future, and especially on
earnings estimates following the recent slump.
NVTL currently has a Zacks Rank #3 (Hold) while its Earnings ESP is
0.00%.
Some better-ranked stocks in the same space include Juniper
Networks, Inc. (JNPR), Comtech Telecommunications
Corp. (CMTL) and InterDigital, Inc.
(IDCC). While Juniper Networks carries a Zacks Rank #1 (Strong
Buy), Comtech Telecommunications and InterDigital carry a Zacks
Rank #2 (Buy) each.
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COMTECH TELECOM (CMTL): Free Stock Analysis Report
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NOVATEL WIRELES (NVTL): Free Stock Analysis Report
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