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Comverse (CNSI) Falls: Stock Goes Down 8.5%

Zacks Equity Research

Comverse, Inc. (CNSI) saw a big move last session, as the company’s shares fell by over 8% on the day. The move came on pretty good 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 below the volatile price range of $23.48 to $25.51 in the past one-month time frame.

This diversified communication services company has seen a flat track record when it comes to current year estimate revisions over the past few weeks. There has been no upward or downward revision and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.

CNSI currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0. 

Investors interested in the computer software service industry may consider better-ranked stocks like Advent Software, Inc. (ADVS), Datawatch Corporation (DWCH) and ImageWare Systems Inc. (IWSY). All these stocks carry a Zacks Rank #2 (Buy). 

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COMVERSE WHEN ISSUED (CNSI): Free Stock Analysis Report

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