U.S. Markets open in 35 mins

Ericsson (ERIC) Catches Eye: Stock Jumps 7.3%

Zacks Equity Research

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 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.

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

Zacks' Top 10 Stocks for 2019

In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?

Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.

See Latest Stocks Today >>


Is your investment advisor fumbling your financial future?
See how you can more effectively safeguard your retirement with a new Special Report, “4 Warning Signs Your Investment Advisor Might Be Sabotaging Your Financial Future.” Click to get your free report.
 
Juniper Networks, Inc. (JNPR) : Free Stock Analysis Report
 
Ericsson (ERIC) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research