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RF Micro Devices (RFMD) Crumbles: Stock Goes Down 5.3%

Zacks Equity Research

RF Micro Devices Inc. (RFMD) 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 RFMD as the stock is now up nearly 36% in the past one month time-frame.

The company, a provider of radio frequency solutions, has seen 1 negative estimate revision over the past month, and its current year earnings consensus has also moved lower over the same period. 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 decline will continue, as the earnings picture definitely suggests that this might be the case.

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

Some better-ranked stocks in the Computer and Technology sector include AudioCodes Ltd. (AUDC), Baidu, Inc. (BIDU) and Flextronics International Ltd. (FLEX). All these stocks carry a Zacks Rank #1 (Strong Buy).

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RF MICRO DEVICES INC (RFMD): Free Stock Analysis Report

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