Cascade Microtech Inc. ( CSCD ) saw a big move last session, as the company's shares fell by nearly 9% 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 CSCD, as the stock is now down 13.6% in the past one-month time frame.
Cascade Microtech has seen a mixed track record when it comes to current year estimate revisions over the past few weeks (no increase, no decrease), 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.
CSCD currently has a Zacks Rank #3 (Hold) while its Earnings ESP
Some better-ranked stocks in the computer and technology sector include Agilent Technologies Inc.
), Ametek Inc.
) and Canon Inc.
). All these stocks hold a Zacks Rank #2 (Buy).
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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 reportCASCADE MICRO (CSCD): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research