GTT Communications (GTT) in Focus: Stock Falls 6.3% – Tale of the Tape

This slump shouldn’t be too much of a surprise to investors, as the IT services provider has seen 2 negative revisions in the past few weeks and its current year loss consensus has broadened 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.

GTT currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Some better-ranked stocks in the IT services industry include EPAM Systems, Inc. (EPAM), Barracuda Networks, Inc. (CUDA) and CDW Corporation (CDW). While EPAM Systems holds a Zacks Rank #1(Strong Buy), Barracuda Networks and CDW Corporation carry a Zacks Rank #2 (Buy).

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