Web.com Group, Inc. was a big mover last session, as the company saw its shares rise more than 11% 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 39.5% in the past one-month time frame.
The move came after the company announced that it has entered into a definitive agreement to be acquired by an affiliate of Siris Capzital Group, LLC.
The company has seen seven negative estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few months, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Web.comcurrently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked stock in the Internet – Services sector is Baidu, Inc. (BIDU - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is WEB going up? Or down? Predict to see what others think: Up or Down
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