| Weakness Seen in Plexus (PLXS): Stock Tumbles 9.1% - Tale of the Tape | |
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Plexus Corp. (PLXS) saw a big move last session, as the company’s shares fell by 9% 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 PLXS, as the stock is now down 14% since Jun 26.
On Jul 13, the company reported its preliminary results for its fiscal third quarter ended July 4, 2015 where the company expects the earnings per share and revenue to be lower compared to the previously announced company guidance.
The company has seen a flat track record when it comes to current year estimate revisions over the past few weeks (0 increases, 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.
PLXS currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked stock in the broader technology sector is Ambarella, Inc. (AMBA), which currently carries a Zacks Rank #1 (Strong Buy).
Is PLXS going up? Or down? Predict to see what others think: Up or Down
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report PLEXUS CORP (PLXS): Free Stock Analysis Report AMBARELLA INC (AMBA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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