Attunity (ATTU - Free Report) closed the most recent trading day at $20.45, moving -0.73% from the previous trading session. This change lagged the S&P 500's daily gain of 0.48%. At the same time, the Dow added 0.53%, and the tech-heavy Nasdaq gained 0.8%.
Coming into today, shares of the data-management software company had gained 0.1% in the past month. In that same time, the Computer and Technology sector lost 1.5%, while the S&P 500 lost 2.09%.
ATTU will be looking to display strength as it nears its next earnings release, which is expected to be February 7, 2019. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $23.70 million, up 29.62% from the year-ago period.
It is also important to note the recent changes to analyst estimates for ATTU. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. ATTU is currently a Zacks Rank #2 (Buy).
Valuation is also important, so investors should note that ATTU has a Forward P/E ratio of 36.57 right now. Its industry sports an average Forward P/E of 46.65, so we one might conclude that ATTU is trading at a discount comparatively.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 43, putting it in the top 17% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ATTU in the coming trading sessions, be sure to utilize Zacks.com.