Dolby Laboratories (DLB) in Focus: Stock Tumbles 8.1% – Tale of the Tape

January 23, 2015 Technicals 0

Zacks

Dolby Laboratories, Inc. (DLB) saw a big move last session, as the company’s shares fell by over 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for DLB, as the stock is now down 12% in the past one-month time frame.

On Jan 21, Dolby Laboratories posted lower-than-expected first quarter 2015 revenues.

The Audio/Video Products company has seen a flat track record when it comes to current year estimate revisions over the past few weeks and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

DLB currently has a Zacks Rank #4 (Sell).

Another company in the same sector that you may consider is Skullcandy, Inc. (SKUL) with a Zacks Rank #1 (Strong Buy).

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