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NetSuite (N) in Focus: Stock Moves 11% Higher in Session

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NetSuite Inc. was a big mover last session, as the company saw its shares rise nearly 11% on the day. The stock moved up on rumors that NetSuite could be an acquisition target. This led to solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $67.36 to $79.14 over the past one month time frame.

None of the estimates for this Computer-software industry stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

NetSuite has a Zacks Rank #3 (Hold), while its  Earnings ESP is 0.00%.

However, a better-ranked stock in the same space is ACI Worldwide, Inc. (ACIW - Free Report) , sporting a Zacks Rank #1 (Strong Buy).

Is N going up? Or down? Predict to see what others think: Up or Down

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