Cvent, Inc. (CVT) was a big mover last session, as the company saw its shares surge around 16% on the day. The move came on solid 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 above the volatile price range of $26.10 to $27.62 in the past one-month time frame.
None of the estimates for this Internet software stock were revised over the past 30 days. The Zacks Consensus Estimate however moved higher over the same time frame, suggesting that more solid trading could be ahead for this stock. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Cvent currently carries a Zacks Rank #2 (Buy).
Another favorably placed stock in the same industry is Attunity, Ltd. (ATTU), sporting a Zacks Rank #1 (Strong Buy).
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