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Anaplan (PLAN) in Focus: Stock Moves 7.5% Higher

Zacks Equity Research
·2 min read

Anaplan, Inc. PLAN was a big mover last session, as the company saw its shares rise nearly 8% 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 10.6% in the past one-month time frame.

The move came after the company reported better-than-expected third-quarter fiscal 2021 (ended Oct 31, 2020) results.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Anaplan currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Anaplan, Inc. Price

Anaplan, Inc. Price
Anaplan, Inc. Price

Anaplan, Inc. price | Anaplan, Inc. Quote

A better-ranked stock in the Internet - Software industry is NIC Inc. EGOV, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

More Stock News: This Is Bigger than the iPhone!

It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.

Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2021.

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NIC Inc. (EGOV) : Free Stock Analysis Report
 
Anaplan, Inc. (PLAN) : Free Stock Analysis Report
 
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Zacks Investment Research