Synaptics Inc. (SYNA) was a big mover last session, as the company saw its shares rise over 8% 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 downtrend of the company, as the stock has lost nearly 16% in the past one-month time frame.
This application software company has seen 2 positive estimate revisions over the past 30 days. The Zacks Consensus Estimate has also moved higher over the same period. This implies solid trading potential for the company. So make sure to keep an eye on this stock going forward to see if Friday’s rally can turn into more strength down the road.
Synaptics currently holds a Zacks Rank #1 (Strong Buy) while its Earnings ESP is positive.
Investors interested in the broader Computer and Technology sector may also consider stocks like Logitech International SA (LOGI), Immersion Corp. (IMMR) and IPG Photonics Corp. (IPGP). While Logitech carries a Zacks Rank #1, Immersion Corp. and IPG Photonics bear a Zacks Rank #2 (Buy).
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SYNAPTICS INC (SYNA): Free Stock Analysis Report
LOGITECH INTERNATIONAL SA ORD (LOGI): Free Stock Analysis Report
IMMERSION CP (IMMR): Free Stock Analysis Report
IPG PHOTONICS CORP (IPGP): Free Stock Analysis Report
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