Jive Software, Inc. (JIVE) saw a big move last session, as the company’s shares fell nearly 19% 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 CI, as the stock is now down nearly 13% since Jan 21.
Although this slump was obviously disappointing, the company in the Computer Software industry has seen its current year earnings consensus has moved higher over the past few weeks. This suggests that the recent slump might be a temporary blip on the radar for JIVE. So make sure to keep an eye on this stock going forward to see if yesterday’s price decline is confirmed by more weakness, or if it can rebound in the weeks ahead.
JIVE currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the same sector include Autodesk, Inc. (ADSK), Cadence Design Systems Inc. (CDNS) and Open Text Corporation (OTEX). All these stocks sport a Zacks Rank #1 (Strong Buy).
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JIVE SOFTWARE INC (JIVE): Free Stock Analysis Report
AUTODESK INC (ADSK): Free Stock Analysis Report
CADENCE DESIGN SYSTEMS INC (CDNS): Free Stock Analysis Report
OPEN TEXT CP (OTEX): Free Stock Analysis Report
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