Alcatel-Lucent (ALU) was a big mover last session, as the company saw its shares rise 5% 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 $2.36 to $3.0 in the past one-month time frame.
The company has seen a mixed track record when it comes to estimate revisions of 1 increase and 2 decreases over the past 30 days, while the Zacks Consensus Estimate remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Alcatel-Lucent currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Some better-ranked stocks in the communications component sector include 8×8 Inc. (EGHT), ClearOne, Inc. (CLRO) and Gigamon Inc. (GIMO). All these stocks sport a Zacks Rank #1 (Strong Buy).
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