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Unwired Planet Slumps: UPIP Falls 6.5 % in Session
March 12, 2014

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Unwired Planet, Inc. saw a big move last session, as the company’s shares fell nearly 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the most recent downtrend for UPIP, as the stock is down over 11% in the past one-month time frame.

This developer of patents that allow mobile devices to connect to the Internet has seen a flat track record when it comes to current year estimate revisions, as there has been no revision on either side over the past few weeks. The consensus for loss hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

UPIP currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the Communication Network Software industry include Mavenir Systems, Inc. carrying a Zacks Rank #2 (Buy).

Investors interested in the gaming industry may consider better-ranked stocks like Ametek Inc. (AME - Free Report) and Avnet, Inc. (AVT - Free Report) . Both stocks carry a Zacks Rank #2 (Buy).

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