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Neonode (NEON) Jumps: Stock Rises 8.6%

Zacks Equity Research

Neonode, Inc. (NEON) was a big mover last session, as the company saw its shares rise over 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company, as the stock is now down more than 15% in the past one-month time frame.

Over the past 30 days, the company has seen no estimate revision, while the Zacks Consensus Estimate remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Neonode currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked computer-software stocks worth considering include Cadence Design Systems Inc. (CDNS), Dealertrack Technologies, Inc. (TRAK) and Adobe Systems Inc. (ADBE). While Cadence Design and Dealertrack sport a Zacks Rank #1 (Strong Buy), Adobe has a Zacks Rank #2 (Buy).

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NEONODE INC (NEON): Free Stock Analysis Report

CADENCE DESIGN SYSTEMS INC (CDNS): Free Stock Analysis Report

DEALERTRACK TECH INC (TRAK): Free Stock Analysis Report

ADOBE SYSTEMS INC (ADBE): Free Stock Analysis Report


Zacks Investment Research