Vitesse Semiconductor Corp. ( VTSS ) saw a big move last session, as the company's shares fell more than 11% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This stock, trading at a volatile range of $3.35-$3.82 in the past one-month time frame, showed a sharp decline yesterday at $3.39.
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.
VTSS currently has a Zacks Rank #4 (Sell) while its Earnings ESP
Some better-ranked stocks in the technology sector include Applied Micro Circuits Corporation
), Avago Technologies Limited
) and OmniVision Technologies, Inc.
). All these stocks sport a Zacks Rank #1 (Strong 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 reportVITESSE SEMICON (VTSS): Free Stock Analysis ReportAPPLD MICRO CIR (AMCC): Free Stock Analysis ReportAVAGO TECHNOLOG (AVGO): Free Stock Analysis ReportOMNIVISION TECH (OVTI): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research