Can Tessera Technologies (TSRA) Continue to Surge?

Zacks Equity Research
March 18, 2014

One company that should be on your radar is Tessera Technologies Inc. (TSRA). The stock of this electronics company has seen its Zacks Rank surge over the past four weeks, moving from Sell 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 TSRA’s full year estimate, we have seen 1 estimate go higher in the past 30 days, compared to no downward revision. This trend has helped the consensus estimate to trend higher, going from 46 cents a share a month ago to its current level at $1.57.

This positive shift in estimates has made some investors take notice and buy the stock. In fact, TSRA has seen some pretty solid trading lately, as the company has moved higher by 18.0% in the past month.

If Tessera Technologies 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 TSRA on your watch list for the future.

Other top-ranked stocks worth considering in this sector include Akamai Technologies, Inc. (AKAM), Adobe Systems Inc. (ADBE) and Avnet, Inc. (AVT). All these stocks hold a Zacks Rank #2 (Buy).

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