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GigOptix (GIG) in Focus: Stock Adds 5.1% in Session

Zacks Equity Research

GigOptix, Inc. (GIG) was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $1.55 to $1.80 in the past one-month time frame.

None of the estimates for GigOptix were revised over the past 30 days. The Zacks Consensus Estimate hasn’t been in trend either. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

GigOptix carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.

However, some better-ranked stocks in the Elec Prods-Misc industry include Garmin Ltd. (GRMN), Siemens Aktiengesellschaft (SI) and Universal Electronics Inc. (UEIC). All these stocks carry a Zacks Rank #2 (Buy).

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GIGOPTIX INC (GIG): Free Stock Analysis Report

GARMIN LTD SWITZERLAND (GRMN): Free Stock Analysis Report

SIEMENS AG (SI): Free Stock Analysis Report

UNIVERSAL ELECTRONICS INC (UEIC): Free Stock Analysis Report


Zacks Investment Research