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Novatel Wireless (NVTL) in Focus: Stock Tumbles 7.8%

Zacks Equity Research

Novatel Wireless Inc. (NVTL) saw a big move last session, as the company’s shares fell by about 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for NVTL, as the stock is now up 27.6% since Jan 13.

The company has seen a flat track record when it comes to current year estimate revisions over the past few weeks and the consensus for earnings hasn’t changed either. This recent price action is discouraging, so make sure to keep a close watch of this wireless equipment manufacturer in the near future, and especially on earnings estimates following the recent slump.

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

Some better-ranked stocks in the same space include Juniper Networks, Inc. (JNPR), Comtech Telecommunications Corp. (CMTL) and InterDigital, Inc. (IDCC). While Juniper Networks carries a Zacks Rank #1 (Strong Buy), Comtech Telecommunications and InterDigital carry a Zacks Rank #2 (Buy) each.

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NOVATEL WIRELESS INC (NVTL): Free Stock Analysis Report

JUNIPER NETWORKS INC (JNPR): Free Stock Analysis Report

COMTECH TELECOMMUN CP (CMTL): Free Stock Analysis Report

INTERDIGITAL INC (IDCC): Free Stock Analysis Report

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