Elephant Talk Communications Corp. (ETAK) was a big mover last session, as the company saw its shares rise by nearly 19% 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 almost 3% since Mar 17, 2014.
The company has seen no estimate revision and its Zacks Consensus Estimate remained unchanged over the past 30-day time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Elephant Talk currently has a Zacks Rank #3 (Hold) and its Earnings ESP is 0.00%.
Investors interested in the technology sector may consider stocks like Meru Networks, Inc. (MERU) and Inteliquent, Inc. (IQNT). Both the stocks carry a Zacks Rank #2 (Buy). Another stock in the broader computer and technology industry is Accelrys Inc. (ACCL) with the same rank as Meru Networks.
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