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Weave Communications, Inc. (WEAV) Moves 5.7% Higher: Will This Strength Last?
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Weave Communications, Inc. (WEAV - Free Report) shares ended the last trading session 5.7% higher at $12.14. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 2.3% loss over the past four weeks.
Weave is benefiting from an expanding portfolio with a special emphasis on bringing significant advantages to healthcare patients.Within its healthcare portfolio, Weave is placing particular emphasis on improving the patient experience through its Digital Forms product.
The recent enhancements to Digital Forms are designed to bring in the digital transformation of small and medium-sized healthcare practices while significantly enhancing the patient experience.
This company is expected to post quarterly loss of $0.03 per share in its upcoming report, which represents a year-over-year change of +50%. Revenues are expected to be $44.24 million, up 17.4% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Weave Communications, Inc., the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on WEAV going forward to see if this recent jump can turn into more strength down the road.
Weave Communications, Inc. belongs to the Zacks Communication - Network Software industry. Another stock from the same industry, Frontier Communications (FYBR - Free Report) , closed the last trading session 1.2% lower at $23.77. Over the past month, FYBR has returned -2.9%.
For Frontier Communications, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.04. This represents a change of -106.4% from what the company reported a year ago. Frontier Communications currently has a Zacks Rank of #2 (Buy).
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Weave Communications, Inc. (WEAV) Moves 5.7% Higher: Will This Strength Last?
Weave Communications, Inc. (WEAV - Free Report) shares ended the last trading session 5.7% higher at $12.14. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 2.3% loss over the past four weeks.
Weave is benefiting from an expanding portfolio with a special emphasis on bringing significant advantages to healthcare patients.Within its healthcare portfolio, Weave is placing particular emphasis on improving the patient experience through its Digital Forms product.
The recent enhancements to Digital Forms are designed to bring in the digital transformation of small and medium-sized healthcare practices while significantly enhancing the patient experience.
This company is expected to post quarterly loss of $0.03 per share in its upcoming report, which represents a year-over-year change of +50%. Revenues are expected to be $44.24 million, up 17.4% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Weave Communications, Inc., the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on WEAV going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Weave Communications, Inc. belongs to the Zacks Communication - Network Software industry. Another stock from the same industry, Frontier Communications (FYBR - Free Report) , closed the last trading session 1.2% lower at $23.77. Over the past month, FYBR has returned -2.9%.
For Frontier Communications, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.04. This represents a change of -106.4% from what the company reported a year ago. Frontier Communications currently has a Zacks Rank of #2 (Buy).