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Weakness Seen in RealPage (RP): Stock Falls 5.8%

Zacks Equity Research

RealPage, Inc. (RP) saw a big move last session, as the company’s shares fell by nearly 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for RP, as the stock is now down nearly 33% in the past one-month time frame.

This slump shouldn’t be too much of a surprise to investors, as the company has seen 2 negative revisions in the past few weeks and its current year earnings consensus has 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.

RP currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the technology sector include Cognizant Technology Solutions Corporation (CTSH), QAD Inc. (QADA) and SYNNEX Corp. (SNX). All these stocks holds a Zacks Rank #2 (Buy).   

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REALPAGE INC (RP): Free Stock Analysis Report

COGNIZANT TECH SOLUT CL A (CTSH): Free Stock Analysis Report

QAD CL A (QADA): Free Stock Analysis Report

SYNNEX CORP (SNX): Free Stock Analysis Report

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