Novatel Wireless (NVTL) in Focus: Stock Adds 5.8% in Session
Novatel Wireless Inc. (NVTL) was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 21.55% since Aug 11.
None of the estimates for this wireless equipment stock were revised over the last 7 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.
Novatel Wireless carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.
However, some better-ranked stocks in the same industry include Aruba Networks, Inc. (ARUN), DragonWave Inc. (DRWI) and Ericsson (ERIC). All these stocks carry a Zacks Rank #2 (Buy).
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NOVATEL WIRELESS INC (NVTL): Free Stock Analysis Report
ARUBA NETWORKS INC (ARUN): Free Stock Analysis Report
DRAGONWAVE INC COMMON (DRWI): Free Stock Analysis Report
ERICSSON ADS (ERIC): Free Stock Analysis Report
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