Novatel Wireless (NVTL) in Focus: Stock Tumbles 7.8% - Tale of the Tape

By Zacks Equity Research,

Shutterstock photo

Novatel Wireless Inc. ( NVTL ) saw a big move last session, as the company's shares fell by about 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 NVTL, as the stock is now up 27.6% since Jan 13.

The company has seen a flat track record when it comes to current year estimate revisions over the past few weeks and the consensus for earnings hasn't changed either. This recent price action is discouraging, so make sure to keep a close watch of this wireless equipment manufacturer in the near future, and especially on earnings estimates following the recent slump.

NVTL currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the same space include Juniper Networks, Inc . ( JNPR ), Comtech Telecommunications Corp. ( CMTL ) and InterDigital, Inc. ( IDCC ). While Juniper Networks carries a Zacks Rank #1 (Strong Buy), Comtech Telecommunications and InterDigital carry a Zacks Rank #2 (Buy) each.

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 >>

COMTECH TELECOM (CMTL): Free Stock Analysis Report

INTERDIGITL INC (IDCC): Free Stock Analysis Report

JUNIPER NETWRKS (JNPR): Free Stock Analysis Report

NOVATEL WIRELES (NVTL): Free Stock Analysis Report

To read this article on click here.

Zacks Investment Research

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

This article appears in: Investing , Investing Ideas , Stocks
Referenced Stocks: CMTL , IDCC , JNPR , NVTL

More from


Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by