Demandware (DWRE) in Focus: Stock Moves 9.5% Higher
Demandware, Inc. (DWRE) was a big mover last session, as the company saw its shares rise by roughly 10% 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 $46.06 to $56.85 in the past one-month time frame.
This internet software services company has seen six negative estimate revisions over the past 30 days and its Zacks Consensus Estimate has moved down over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.
Demandware currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Some better-ranked stocks in the technology sector include Digital River Inc. (DRIV), Smart Technologies Inc. (SMT) and Alliance Fiber Optic Products Inc. (AFOP). While Digital River and Smart Technologies hold a Zacks Rank #1 (Strong Buy), Alliance Fiber Optic Products carries a Zacks Rank #2 (Buy).
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DEMANDWARE INC (DWRE): Free Stock Analysis Report
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SMART TECH CL A (SMT): Free Stock Analysis Report
ALLIANCE FIBER OPTIC PRODUCTS IN (AFOP): Free Stock Analysis Report
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