E2open, Inc. (EOPN) saw a big move on Friday, as the company’s shares fell over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for EOPN, as the stock is now down nearly 3% in the past one-month time frame.
This slump shouldn’t be too much of a surprise to investors, as the provider of strategic, cloud-based software solutions has seen 1 negative revision in the past few weeks. Its current year consensus which was a loss has moved wider over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
EOPN currently has a Zacks Rank #4 (Sell).
Some better-ranked stocks in the same sector include Cvent, Inc. (CVT), DTS Inc. (DTSI) and Rally Software Development Corp. (RALY). All these stocks carry a Zacks Rank #1 (Strong Buy).
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