NetSuite Inc. ( N ) saw a big move last session, as the company's shares fell nearly 9% 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 N, as the stock is now down over 24% in the past one-month time frame.
The company which is in the Computer & Software Industry has seen a mixed track record when it comes to current year estimate revisions over the past few weeks, it remained flat, and 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 of this firm in the near future, and especially on earnings estimates following the recent slump.
N currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.
Some better-ranked stocks in the same sector include Dealertrack Technologies, Inc. ( TRAK ), MicroStrategy Inc. ( MSTR ) and Solera Holdings Inc. ( SLH ). All these stocks hold a Zacks Rank #1 (Strong Buy).