Finisar Corp. ( FNSR ) saw a big move last session, as the company's shares fell nearly 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $19.45 to $20.68 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.
Some better-ranked stocks in the Computer & Technology sector include Analog Devices, Inc. ( ADI ), Amkor Technology, Inc. ( AMKR ) and Cirrus Logic Inc. ( CRUS ). All these stocks carry a Zacks Rank #2 (Buy).
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 >>
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 reportFINISAR CORP (FNSR): Free Stock Analysis ReportANALOG DEVICES (ADI): Free Stock Analysis ReportAMKOR TECH INC (AMKR): Get Free ReportCIRRUS LOGIC (CRUS): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research