Qorvo, Inc. (NASDAQ:QRVO) was a big mover last session, as the company saw its shares rise more than 16% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $66.06 to $71.77 in the past one month time frame.
The move came after the company reported better than expected financial results for fiscal 2018 third quarter.
The company has seen three negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Qorvo currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is negative.
A better-ranked stock in the Computer and Technology sector is ASML Holding (AS:ASML) N.V. (NASDAQ:ASML) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is QRVO going up? Or down? Predict to see what others think: Up or Down
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Qorvo, Inc. (QRVO): Free Stock Analysis Report
ASML Holding N.V. (ASML): Free Stock Analysis Report
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