Novatel Wireless Inc.
) 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
Some better-ranked stocks in the same space include
Juniper Networks, Inc
Comtech Telecommunications Corp.
). While Juniper Networks carries a Zacks Rank #1 (Strong Buy),
Comtech Telecommunications and InterDigital carry a Zacks Rank #2
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COMTECH TELECOM (CMTL): Free Stock Analysis
INTERDIGITL INC (IDCC): Free Stock Analysis
JUNIPER NETWRKS (JNPR): Free Stock Analysis
NOVATEL WIRELES (NVTL): Free Stock Analysis
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