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Strength Seen in Adept Technology (ADEP): Stock Rises15.1%

Zacks Equity Research

Adept Technology Inc. (ADEP) was a big mover last session, as the company saw its shares rise over 15% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company, as the stock is now up nearly 1% in the past one-month time frame.

The company has seen two positive and one negative estimate revision in the past 30 days, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

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

A better-ranked industrial auto-robotics stock is Rockwell Automation Inc. (ROK) with a Zacks Rank #2 (Buy).Other computer and technology stocks that are worth considering are Carbonite, Inc. (CARB) and China Mobile Games and Entertainment Group Limited (CMGE). Both the stocks sport a Zacks Rank #1 (Strong Buy).

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ADEPT TECHNOLOGY INC (ADEP): Free Stock Analysis Report

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CARBONITE INC (CARB): Free Stock Analysis Report


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