We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Weave Communications (WEAV) Soars 7.4%: Is Further Upside Left in the Stock?
Read MoreHide Full Article
Weave Communications, Inc. (WEAV - Free Report) shares rallied 7.4% in the last trading session to close at $9.69. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 0.2% gain over the past four weeks.
Weave is capitalizing on increased adoption of its solutions across dental, optometry, veterinary, and specialty medical markets, boosting its average revenue per user.
This company is expected to post quarterly loss of $0.02 per share in its upcoming report, which represents a year-over-year change of +60%. Revenues are expected to be $48.84 million, up 17.2% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Weave Communications, 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 is part of the Zacks Communication - Network Software industry. Ribbon Communications (RBBN - Free Report) , another stock in the same industry, closed the last trading session 3.5% higher at $3.84. RBBN has returned 25.3% in the past month.
Ribbon Communications' consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.04. Compared to the company's year-ago EPS, this represents no change. Ribbon Communications currently boasts a Zacks Rank of #3 (Hold).
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Weave Communications (WEAV) Soars 7.4%: Is Further Upside Left in the Stock?
Weave Communications, Inc. (WEAV - Free Report) shares rallied 7.4% in the last trading session to close at $9.69. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 0.2% gain over the past four weeks.
Weave is capitalizing on increased adoption of its solutions across dental, optometry, veterinary, and specialty medical markets, boosting its average revenue per user.
This company is expected to post quarterly loss of $0.02 per share in its upcoming report, which represents a year-over-year change of +60%. Revenues are expected to be $48.84 million, up 17.2% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Weave Communications, 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 #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Weave Communications is part of the Zacks Communication - Network Software industry. Ribbon Communications (RBBN - Free Report) , another stock in the same industry, closed the last trading session 3.5% higher at $3.84. RBBN has returned 25.3% in the past month.
Ribbon Communications' consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.04. Compared to the company's year-ago EPS, this represents no change. Ribbon Communications currently boasts a Zacks Rank of #3 (Hold).