Back to top

Lam Research (LRCX) Shows Strength: Stock Moves 6.9% Higher
April 20, 2017

Read MoreHide Full Article

Lam Research Corporation (LRCX - Free Report) was a big mover last session, as the company saw its shares rise almost 7% on the day. The upside was driven by improved financial results for the March 2017 quarter. Also, this led to far more shares changing hands than in a normal session. This breaks the recent trend for the company as the stock is now trading above the volatile price range of $124.27 to $129.30 in the past one-month time frame.

The company has seen no positive or negative estimate revision in the past 30 days. Also, its Zacks Consensus Estimate moved higher over the same timeframe. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Lam Research currently holds a Zacks Rank #2 (Buy).

Lam Research Corporation Price

 

A top-ranked stock in the broader technology sector is Kyocera Corporation (KYO - Free Report) sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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

Zacks' 2017 IPO Watch List

Before looking into the stocks mentioned above, you may want to get a head start on potential tech IPOs that are popping up on Zacks' radar. Imagine being in the first wave of investors to jump on a company with almost unlimited growth potential? This Special Report gives you the current scoop on 5 that may go public at any time.

One has driven from 0 to a $68 billion valuation in 8 years. Four others are a little less obvious but already show jaw-dropping growth. Download this IPO Watch List today for free >>




In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


Kyocera Corporation (KYO) - free report >>

Lam Research Corporation (LRCX) - free report >>


More from Zacks Tale of the Tape

You May Like