EZchip Semiconductor (EZCH) Falls: Stock Goes Down 6.7%

Zacks Equity Research
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EZchip Semiconductor Ltd. (EZCH) saw a big move last session, as the company’s shares fell by nearly 7% on the day. The move came on pretty good 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 below the volatile price range of $20.93 to $22.01 in the past one-month time frame.

This slump shouldn’t be too much of a surprise to investors, as EZchip Semiconductor has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

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

Some better-ranked stocks in the computer & technology sector include Apple Inc. (AAPL), Canon Inc. (CAJ) and Dice Holdings, Inc. (DHX). All these stocks hold a Zacks Rank #1 (Strong Buy).

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EZCHIP SEMICONDUCTOR LTD ORD (EZCH): Free Stock Analysis Report


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