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OPOWER Slumps: OPWR Falls 10.7% in Session

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OPOWER, Inc. saw a big move last session, as the company’s shares fell by nearly 11% 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 recent downtrend for OPWR, as the stock is now down about 31% since Feb 26.
 
On Mar 2, the company reported its fourth-quarter 2014 results. GAAP net loss per share came in at 24 cents, while Non-GAAP net loss per share were 14 cents. However, the Zacks Consensus Estimate was pegged at a loss of 24 cents per share. 
 
This application software company has seen a mixed track record when it comes to current year estimate revisions over the past few weeks (no increase, 2 decreases), and the consensus for earnings 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.
 
OPWR currently has a Zacks Rank #3 (Hold).
 
Investors interested in the Internet Software industry may consider better-ranked stock like DTS Inc. , which carries a Zacks Rank #1 (Strong Buy). 
 
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