Novatel Wireless Inc. (NVTL) was a big mover last session, as the company saw its shares rise nearly 7% 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 $1.76–$2.11 in the past one-month time frame.
None of the estimates for this wireless equipment stock were revised over the past 30 days. The Zacks Consensus Estimate hasn’t been in trend either. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Novatel Wireless carries a Zacks Rank #4 (Sell), while its Earnings ESP is 0.00%.
However, some better-ranked stocks in the same sector include Juniper Networks, Inc. (JNPR), Nokia Corporation (NOK) and ShoreTel, Inc. (SHOR). All these stocks sport a Zacks Rank #1 (Strong Buy).
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