Violin Memory, Inc. (VMEM) was a big mover last session, as the company saw its shares rise over 14% 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 from Dec 12 as the stock is now up over 56%.
The company has seen two negative revisions in the past 30 days and its Zacks Consensus Estimate moved lower over the same times frame as well, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s jump lasts.
Violin Memory currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Better-ranked stocks in the computer and technology sector include AAC Technologies Holdings Inc. (AACAY), Alliance Fiber Optic Products Inc. (AFOP) and AOL Inc. (AOL). All these carry a Zacks Rank #1 (Strong Buy).
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