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Ericsson (ERIC - Free Report) was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 9.4% in the past one-month time frame.
The stock gained after the company released its 5G Radio Dot product to boost broadband performance.
The company has seen no estimate revisions over the past few weeks and the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Ericsson currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is positive.
Is ERIC going up? Or down? Predict to see what others think: Up or Down
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Ericsson (ERIC) Surges: Stock Moves 5.8% Higher
Ericsson (ERIC - Free Report) was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 9.4% in the past one-month time frame.
The stock gained after the company released its 5G Radio Dot product to boost broadband performance.
The company has seen no estimate revisions over the past few weeks and the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Ericsson currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is positive.
Ericsson Price
Ericsson Price | Ericsson Quote
A better-ranked stock in the Wireless Equipment industry is Comtech Telecommunications Corp. (CMTL - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is ERIC going up? Or down? Predict to see what others think: Up or Down
Zacks Top 10 Stocks for 2018
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2018?
Last year's 2017 Zacks Top 10 Stocks portfolio produced double-digit winners, including FMC Corp. and VMware which racked up stellar gains of +67.9% and +61%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Access Zacks Top 10 Stocks for 2018 today >>