Alcatel-Lucent (ALU) saw a big move last session, as the company’s shares fell by almost 10% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for ALU, as the stock is now down nearly 24% in the past one-month time frame.
The communication providing company has seen a mixed track record when it comes to current year estimate revisions over the past few weeks (1 increase, 0 decreases), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
ALU currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Investors interested in the same industry may consider better-ranked stocks like SeaChange International Inc. (SEAC), with a Zacks Rank #1 (Strong Buy), NICE Systems Ltd. (NICE) and ShoreTel, Inc. (SHOR), each carrying a Zacks Rank #2 (Buy).
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Alcatel-Lucent (ALU) Crumbles: Stock Falls by 9.5%
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