Ericsson ERIC was a big mover last session, as the company saw its shares rise more than 7% 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 $9.15 to $9.86 in the past one-month time frame.
The move came after the company reported solid first-quarter 2019 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.
Ericsson currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is 0.00%.
Ericsson Price | Ericsson Quote
Investors interested in the Wireless Equipment industry may consider Juniper Networks, Inc. JNPR, which has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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