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Ericsson (ERIC) Surges: Stock Moves 5.8% Higher
Ericsson (ERIC - Free Report) was a big mover last session, as the company saw its shares rise nearly 6% 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 9.4% in the past one-month time frame.
The stock gained after the company released its 5G Radio Dot product to boost broadband performance.
The company has seen no estimate revisions over the past few weeks and the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Ericsson currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is positive.
Ericsson Price
Ericsson Price | Ericsson Quote
A better-ranked stock in the Wireless Equipment industry is Comtech Telecommunications Corp. (CMTL - 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.
Is ERIC going up? Or down? Predict to see what others think: Up or Down
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