Comverse, Inc. (CNSI) in Focus: Stock Jumps 5.1% – Tale of the Tape

Zacks

Comverse, Inc. (CNSI) was a big mover last session, as the company saw its shares rise over 5% on the day. The upside came after the company posted fiscal fourth-quarter profit of $9.9 million. The news led to far more shares changing hands than in a normal session resulting in solid volume. This continues the recent uptrend for the company as the stock is now up 25.37% in the past one-month time frame.

None of the estimates for this communication network 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.

Comverse currently carries a Zacks Rank #2 (Buy).

Another favorably-placed stock in the same industry is BroadSoft, Inc. (BSFT), carrying the same Zacks Rank as Comverse.

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