This slump shouldn’t be too much of a surprise to investors, as the Communication Equipment maker has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower 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.
ARRS currently has a Zacks Rank # 4 (Sell).
A better-ranked stock in the Communication Infrastructure industry is CommScope Holding Company, Inc. (COMM), carrying a Zacks Rank #1 (Strong Buy).
Investors interested in the Computer and Technology industry may consider better-ranked stocks like Facebook, Inc. (FB) and Baidu, Inc. (BIDU). Both the stocks carry a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
To read this article on Zacks.com click here.
Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.
Be the first to comment