Back to top

Image: Bigstock

Computer Sciences (CSC) In Focus: Stock Moves 11.1% Higher

Read MoreHide Full Article

Computer Sciences Corporation was a big mover last session, as its shares rose a little over 11% on the day. The move came after the company reported fiscal third-quarter 2017 results, wherein it beat analyst estimates for both revenue and earnings. 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 $58.73 to $62.95 in the past one-month time frame.

Over the last 30 days, the company witnessed two positive estimate revisions. The Zacks Consensus Estimate also moved higher, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.

Computer Sciences currently carries a Zacks Rank #3 (Hold).

A better-ranked stock in the Computer - Services space is Carbonite, Inc. , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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

Zacks' Top Investment Ideas for Long-Term Profit

How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>

Published in