Telenav, Inc. was a big mover last session, as its shares rose 15% on the day. The move came following the company’s announcement that it has entered into a settlement and license agreement with Vehicle IP resolving its patent infringement lawsuit. This led to 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 $6.80 to $7.40 in the past one-month time frame.

None of the estimates for this 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.

Telenav currently carries a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.

Telenav, Inc. Price

 

Telenav, Inc. Price | Telenav, Inc. Quote

Another favorably placed stock in the Wireless National space is Windstream Holdings, Inc. , carrying a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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