This provider of on-demand software solutions and services for the U.S. residential mortgage industry has seen no estimate revision over the past 30 days. However, the Zacks Consensus Estimate has moved higher over the same period. This implies solid trading potential for the company. So make sure to keep an eye on this stock going forward to see if Friday’s rally can turn into more strength down the road.
Ellie Mae currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Investors interested in the Internet software and services industry may consider better-ranked stocks like NetEase, Inc. (NTES), RingCentral, Inc. (RNG) and VeriSign, Inc. (VRSN). All the three stocks bear a Zacks Rank #2 (Buy).
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