Dolby Laboratories, Inc. (DLB - Free Report) was a big mover last session, as the company saw its shares rise nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 17.41% in the past one-month time frame.
The company’s price surged after Apple revealed that its new products, including the iPhone 8 and 8 Plus, the iPhone X, and a new Apple TV, will boast the company’s Dolby Vision technology.
The company has seen four positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Dolby Laboratories. 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.
Dolby Laboratories currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Dolby Laboratories Price
A better-ranked stock in the Consumer Discretionary sector is Sony Corp Ord (SNE - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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