Overland Storage (OVRL) in Focus: Stock Falls 5.1% in Session
Overland Storage Inc. (OVRL) saw a big move in the last trading session, as the company’s shares fell by over 5% 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 uptrend for OVRL, as the stock is up nearly 34% since May 9.
This slump shouldn’t be too much of a surprise to investors, as the company, a global provider unified data management and data protection solutions, has seen 1 negative revision in the past few weeks and its current year earnings consensus has also moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
OVRL currently holds a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Investors interested in the Computer & Technology sector may consider better-ranked stocks like Applied Micro Circuits Corporation (AMCC), PLX Technology Inc. (PLXT) and Exar Corp. (EXAR), each of which holds a Zacks Rank #1 (Strong Buy).
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OVERLAND STORAGE INC (OVRL): Free Stock Analysis Report
APPLIED MICRO CIRCUITS CORP (AMCC): Free Stock Analysis Report
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