Rovi Corporation (ROVI) saw a big move last session, as the company’s shares fell by nearly 12% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $22.33 to $24.84 in the past one-month time frame.
Rovi Corporation has seen a flat record when it comes to current year estimate revisions over the past few weeks (no increase, no decrease), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.
ROVI currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the Internet services sector include Facebook, Inc. (FB), Pandora Media, Inc. (P) and LivePerson Inc. (LPSN). All these stocks hold a Zacks Rank #2 (Buy).
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