Emulex Corporation (ELX) Rises: Stock Moves 20.9% Higher – Tale of the Tape

Zacks

Emulex Corporation (ELX) was a big mover last session, as the company saw its shares rise nearly 21% on the day. The rise came after the company issued its second-quarter fiscal 2015 preliminary results on Jan 13, 2014 which led to far more shares changing hands than in a normal session. This reverses the recent trend of the company, as the stock is now trading above the near-flat price range of $5.52 to $5.81 over the past one-month time frame.

None of the estimates for this stock were revised in the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Emulex Corporation carries a Zacks Rank #2 (Buy), while its Earnings ESP is 0.00%.

Investors interested in the comp-networks industry may also consider Infinera Corporation (INFN) with the same rank as Emulex Corporation.

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