Neonode, Inc. (NEON) in Focus: Stock Jumps 5.6% – Tale of the Tape

Zacks

Neonode, Inc. (NEON). The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 50.96% since Mar 18, 2015.

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

Neonode currently carries a Zacks Rank #4 (Sell), while its Earnings ESP is 0.00%.

A better-ranked stock in the same industry is Cadence Design Systems Inc. (CDNS), carrying a Zacks Rank #2 (Buy).

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