Neonode (NEON) Crumbles: Stock Falls by 5.8% - Tale of the Tape

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Neonode, Inc. ( NEON ) saw a big move last session, as the company's shares fell by nearly 6% 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 NEON, as the stock is now down more than 26% in the past one-month time frame.  

The company has seen a flat track record when it comes to current year estimate revisions over the past few weeks. 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 on this firm in the near future, and especially on earnings estimates following the recent slump.   

NEON currently has a Zacks Rank #4 (Sell) while its Earnings ESP is zero.

Some better-ranked stocks in the Technology sector include Advent Software, Inc. ( ADVS ), Aspen Technology, Inc. ( AZPN ) and Autodesk, Inc. ( ADSK ). All these stocks carry a Zacks Rank #2 (Buy).    

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NEONODE INC (NEON): Free Stock Analysis Report

ADVENT SOFTWARE (ADVS): Free Stock Analysis Report

ASPEN TECH INC (AZPN): Free Stock Analysis Report

AUTODESK INC (ADSK): 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: NEON , ADVS , AZPN , ADSK

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