Anadigics (ANAD) Crumbles: Stock Plunges by 18.1% - Tale of the Tape

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Anadigics, Inc. ( ANAD ) saw a big move on Friday, as the company's shares fell over 18% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for ANAD, as the stock is now down over 21% in the past one-month time frame.

The designer and manufacturer of radio frequency (RF) semiconductor solutions has seen a mixed track record when it comes to current year estimate revisions over the past few weeks with no change, and the consensus for earnings hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.

ANAD currently has a Zacks Rank #4 (Sell) while its  Earnings ESP is 0%.

Some better-ranked stocks in the same sector include Advanced Micro Devices, Inc. ( AMD ), Avago Technologies Ltd. ( AVGO ) and Exar Corp. ( EXAR ). All these stocks carry a Zacks Rank #1 (Strong Buy).

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ANADIGICS CORP (ANAD): Free Stock Analysis Report

ADV MICRO DEV (AMD): Free Stock Analysis Report

AVAGO TECHNOLOG (AVGO): Free Stock Analysis Report

EXAR CORP (EXAR): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: RF , ANAD , AMD , AVGO , EXAR

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