Cvent Holding Corp. shares soared 10.3% in the last trading session to close at $8. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 26.3% gain over the past four weeks.
The stock is benefiting from the company’s well-established market leadership position, recession-resilient platform and increasing momentum in the meetings and events industry.
This company is expected to post quarterly earnings of $0.07 per share in its upcoming report, which represents a year-over-year change of +333.3%. Revenues are expected to be $169.6 million, up 17.3% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Cvent Holding Corp., the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on CVT going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Cvent Holding Corp. is part of the Zacks Technology Services industry. ADTRAN Holdings (ADTN - Free Report) , another stock in the same industry, closed the last trading session 1.8% lower at $17.27. ADTN has returned -11.4% in the past month.
For ADTRAN Holdings, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.16. This represents a change of +60% from what the company reported a year ago. ADTRAN Holdings currently has a Zacks Rank of #5 (Strong Sell).
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Cvent Holding Corp. shares soared 10.3% in the last trading session to close at $8. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 26.3% gain over the past four weeks.
The stock is benefiting from the company’s well-established market leadership position, recession-resilient platform and increasing momentum in the meetings and events industry.
This company is expected to post quarterly earnings of $0.07 per share in its upcoming report, which represents a year-over-year change of +333.3%. Revenues are expected to be $169.6 million, up 17.3% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Cvent Holding Corp., the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on CVT going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Cvent Holding Corp. is part of the Zacks Technology Services industry. ADTRAN Holdings (ADTN - Free Report) , another stock in the same industry, closed the last trading session 1.8% lower at $17.27. ADTN has returned -11.4% in the past month.
For ADTRAN Holdings, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.16. This represents a change of +60% from what the company reported a year ago. ADTRAN Holdings currently has a Zacks Rank of #5 (Strong Sell).
Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry
Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
>>Send me my free report on the top 5 EV stocks<<
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