Zayo Group Holdings, Inc. was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is now down 2.7% in the past one-month time frame.

The shares rallied after the company announced that its board has authorized a share repurchase program up to $500 million.

The company has seen a mixed track record when it comes to estimate revision of one increase and three decreases over the past few weeks, while 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.

Zayo Group currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Investors interested in the Computer sector may consider Littelfuse, Inc. (LFUS Quick QuoteLFUS - Free Report) , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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