JUMP REPORT
Avg Daily Volume: 963,728 Market Cap: 17.86B
Sector: Technology Short Interest: 12.01
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .21/share REV: 239.4/M
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LAST QTR: EPS: .19/share ACTUAL: .22/share (BEAT)
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NEXT QTR: EPS: .18/share REV: 249.2/M
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FULL YR: EPS: .81/share REV: 889.5/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 85% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 8.46, 16.3, -5.40
EXPECTED JUMP MOVE: 10-15 %
Links To Latest News and Headlines
NetEase (NTES) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Whether you’re a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
RingCentral’s innovative AI-driven solutions and expanding global reach set the stage for continued growth and a stronger market position.
Shares of office and call centre communications software provider RingCentral (NYSE:RNG) fell 6.8% in the afternoon session after Wells Fargo analyst downgraded the stock’s rating from Hold to Sell and lowered the price target from $38 to $30. The new price target translates to a potential 10% downside from where shares traded before the downgrade was announced.
As the U.S. stock market experiences a notable upswing, with the S&P 500 and Nasdaq extending their winning streaks, investors are keenly observing growth opportunities amid this positive momentum. In such an environment, companies with strong insider ownership can be particularly appealing as they often indicate confidence in the company’s potential for sustained growth.
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