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CDK Global (CDK) Jumps: Stock Rises 10%

Zacks Equity Research

CDK Global, Inc. CDK was a big mover last session, as the company saw its shares rise more than 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $48.53 to $51.70 in the past one-month time frame.

The move came after the company’s second-quarter fiscal 2019 (ended Dec 31,2018) earnings beat analyst expectations.

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

CDK Global currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

CDK Global, Inc. Price

CDK Global, Inc. Price | CDK Global, Inc. Quote

Investors interested in the Computers - IT Services industry may consider Dell Technologies Inc. DELL, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is CDK going up? Or down? Predict to see what others think: Up or Down

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