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Zayo Group (ZAYO) Catches Eye: Stock Jumps 6.8%

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Zayo Group Holdings, Inc. ZAYO was a big mover last session, as the company saw its shares rise nearly 7% 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 down 22.3%  in the past one-month time frame.

The company has seen four positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Zayo Group. 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.

Zayo Group currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.  

Zayo Group Holdings, Inc. Price

Zayo Group Holdings, Inc. Price | Zayo Group Holdings, Inc. Quote

A better-ranked stock in the Computer and Technology sector is BlackBerry Limited BB, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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