CBeyond, Inc. (CBEY) was a big mover last session with shares rising over 10% 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 nearly 6% in the past one-month time frame.
This information technology and communications service provider has seen one positive estimate revision and seven negative revisions in the last 30 days. The Zacks Consensus Estimate also moved lower over the same period, implying trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s rally can last.
CBeyond currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
However, better-ranked stocks in the technology sector include Alliance Fiber Optic Products Inc. (AFOP), AsiaInfo-Linkage, Inc. (ASIA) and Blucora, Inc. (BCOR). All these stocks sport a Zacks Rank #1 (Strong Buy).
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