Markets

Xerox (XRX) Crumbles: Stock Falls 5.6% - Tale of the Tape

Xerox Corporation ( XRX ) saw a big move last session, as the company's shares fell by nearly 6% 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 XRX, as the stock is now down about 15% since Jan 16.

This business process and document management services provider has seen a mixed track record when it comes to current year estimate revisions over the past few weeks (no increases or decreases). 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.

XRX currently has a Zacks Rank #3 (Sell) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the Office Automation and Equipment industry include Konica Minolta, Inc. ( KNCAY ) and Seiko Epson Corp. ( SEKEY ). However, in the broader Computer and Technology sector, a better-ranked stock is Cognizant Technology Solutions Corporation ( CTSH ) that carries with a Zacks Rank #1(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.