One company that should be on your radar is Logitech International SA (LOGI). The stock of this computer hardware and software manufacturer has seen its Zacks Rank surge over the past four weeks, moving from Neutral territory to its current position as a Strong Buy.
A key reason for this move has been the positive trend in the earnings estimate revisions picture. For LOGI’s full year estimate, we have seen 2 estimates go higher in the past 30 days with no downward revision over the same time frame. Nonetheless, the trend has helped the consensus estimate to trend higher, increasing from 25 cents per share a month ago to its current level of 38 cents.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, LOGI has seen some pretty solid trading lately, as the company has moved higher by 14.0% in the past month.
If Logitech International can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put LOGI on your watch list for the future.
Other top-ranked stocks worth considering in the computer and technology space include Ametek Inc. (AME), Analogic Corporation (ALOG) and ADTRAN Inc. (ADTN). All these stocks carry a Zacks Rank #2 (Buy).
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LOGITECH INTERNATIONAL SA ORD (LOGI): Free Stock Analysis Report
AMETEK INC NEW (AME): Free Stock Analysis Report
ANALOGIC CP (ALOG): Free Stock Analysis Report
ADTRAN INC (ADTN): Free Stock Analysis Report
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