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Weakness Seen in Vitesse Semiconductor (VTSS): Stock Tumbles 11.3% - Tale of the Tape

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 is zero.

Some better-ranked stocks in the technology sector include Applied Micro Circuits Corporation ( AMCC ), Avago Technologies Limited ( AVGO ) and OmniVision Technologies, Inc. ( OVTI ). All these stocks sport a Zacks Rank #1 (Strong Buy).

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VITESSE SEMICON (VTSS): Free Stock Analysis Report

APPLD MICRO CIR (AMCC): Free Stock Analysis Report

AVAGO TECHNOLOG (AVGO): Free Stock Analysis Report

OMNIVISION TECH (OVTI): Free Stock Analysis Report

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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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