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xG Technology (XGTI) in Focus: Stock Plunges 11.2%

Zacks Equity Research

xG Technology, Inc. (XGTI) saw a big move in the last trading session, as the company’s shares fell over 11% 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 XGTI, as the stock is now up nearly 115% in the past one-month time frame.

The company, a provider of communications technologies for wireless networks, 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.

XGTI currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Investors interested in the Internet Software/Services industry may consider better-ranked stocks like Smart Technologies Inc. (SMT), VeriSign, Inc. (VRSN) and Criteo SA (CRTO). While Smart Technologies carries a Zacks Rank #1 (Strong Buy), VeriSign and Criteo hold a Zacks Rank #2 (Buy).

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XG TECH INC (XGTI): Free Stock Analysis Report

SMART TECH CL A (SMT): Free Stock Analysis Report

VERISIGN INC (VRSN): Free Stock Analysis Report

CRITEO SA ADS (CRTO): Free Stock Analysis Report

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