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Novatel Wireless (NVTL) Jumps: Stock Moves 6.8% Higher

Zacks Equity Research

Novatel Wireless Inc. (NVTL) was a big mover last session, as the company saw its shares rise nearly 7% 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 of the company as the stock has lost nearly 28% in the past one-month time frame.

This provider of wireless broadband access solutions for the global mobile communications market has seen no estimate revision in the last 30 days. The Zacks Consensus Estimate hasn’t been in trend either. Yesterday’s rally is encouraging though, so make sure to keep a close watch on this firm in the near future.

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

Better-ranked stocks in the broader technology sector include Vimicro International Corp. (VIMC), Aruba Networks, Inc. (ARUN) and ZTE Corp. (ZTCOY). While VIMC sports a Zacks Rank #1 (Strong Buy), ARUN and ZTCOY hold a Zacks Rank #2 (Buy).

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(NVTL): Free Stock Analysis Report

VIMICRO INTL CORP ADR (VIMC): Free Stock Analysis Report

ARUBA NETWORKS INC (ARUN): Free Stock Analysis Report

ZTE CORPORATION (ZTCOY): Free Stock Analysis Report


Zacks Investment Research