NeuStar, Inc. (NSR) was a big mover last session, as the company saw its shares rise over 6% on the day. Shares gained after the company announced better-than-expected second-quarter results. The news led to far more shares changing hands than in a normal session resulting in solid volume. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $27.96 to $29.99 in the past one-month time frame.
None of the estimates for this communication network software stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
NeuStar currently carries a Zacks Rank #3 (Hold).
A better-ranked stock in the technology sector is Ambarella, Inc. (AMBA), sporting a Zacks Rank #1 (Strong Buy).
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