One company that should be on your radar is Mavenir Systems, Inc. ( MVNR ). The stock of this communication equipment company has seen its Zacks Rank surge over the past four weeks, moving from Hold territory to its current position as a Buy.ADTRAN INC (ADTN): Free Stock Analysis ReportAMETEK INC (AME): Free Stock Analysis ReportANSYS INC (ANSS): Free Stock Analysis ReportMAVENIR SYSTEMS (MVNR): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research
A key reason for this move has been the positive trend in the earnings estimate revisions picture. For MVNR's full year estimate, we have seen 1 estimate go higher in the past 30 days, compared to no downward revision. This trend has helped the consensus estimate for loss to narrow, going from a loss of 33 cents a share a month ago to its current level of a loss of 28 cents.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, MVNR has seen some pretty solid trading lately, as the company has moved higher by 38.3 % in the past month.
If MVNR can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put MVNR on your watch list for the future.
Other top-ranked stocks worth considering in this space include ADTRAN Inc. ( ADTN ), Ametek Inc. ( AME ) and Ansys, Inc. ( ANSS ). All these stocks carry a Zacks Rank #2 (Buy).
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 >>