Weakness Seen in Unisys (UIS): Stock Plunges 20.9%


Unisys Corporation (UIS) saw a big move last session, as the company’s shares fell by nearly 21% 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 trend for UIS, as the stock is now down nearly 22% since Jul 3.

The information technology company has not seen any estimate revision over the past month, and the current year earnings consensus hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, especially on earnings estimates following the recent slump.

UIS currently has a Zacks Rank #3 (Hold).

Some better-ranked stocks in the Information Technology industry include Barracuda Networks, Inc. (CUDA), Infosys Ltd. (INFY) and Science Applications International Corporation (SAIC). All these stocks carry 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 >>


UNISYS CORP NEW (UIS): Free Stock Analysis Report

BARRACUDA NETWORKS INC (CUDA): Free Stock Analysis Report

INFOSYS LTD (INFY): Free Stock Analysis Report


Zacks Investment Research

View Comments (0)