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NetSuite (N) in Focus: Stock Tumbles 8.9% - Tale of the Tape

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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).

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


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

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