ORBCOMM, Inc. (ORBC) saw a big move last session, as the company’s shares fell by over 6% 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 ORBC, as the stock is now down over 4% in the past one-month time frame.
This slump shouldn’t be too much of a surprise to investors, as the wireless data communications company has seen 2 negative revisions 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.
ORBC currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.
Some better-ranked stocks in the same sector include Acxiom Corporation (ACXM), Accelrys Inc. (ACCL) and Active Power Inc. (ACPW). All these stocks hold a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
ORBCOMM INC (ORBC): Free Stock Analysis Report
ACXIOM CP (ACXM): Free Stock Analysis Report
ACCELRYS INC (ACCL): Free Stock Analysis Report
ACTIVE POWER INC (ACPW): Free Stock Analysis Report
Zacks Investment Research