GTT Communications, Inc. ( GTT ) saw a big move last session, as the company's shares fell nearly 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 GTT as the stock is now up around 17.2% in the past one-month time frame.
Although this slump was obviously disappointing, the company has seen 1 positive revision and its current year consensus estimate of loss has narrowed over the past few weeks. This suggests that the recent slump might be a temporary blip on the radar for GTT. So make sure to keep an eye on this stock going forward to see if yesterday's price decline is confirmed by more weakness, or if it can rebound in the weeks ahead.
GTT currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 60.0%.
Some better-ranked stocks in the technology sector include Barracuda Networks, Inc. ( CUDA ), EPAM Systems, Inc. ( EPAM ) and Kofax Limited ( KFX ). All these stocks carry 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 reportGTT COMMUNICATN (GTT): Free Stock Analysis ReportBARRACUDA NTWRK (CUDA): Free Stock Analysis ReportEPAM SYSTEMS (EPAM): Free Stock Analysis ReportKOFAX LTD (KFX): Get Free ReportTo read this article on Zacks.com click here.Zacks Investment Research