NII Holdings (NIHD) Catches Eye: Stock Soars 19.3% - Tale of the Tape - Adtran Holdings (NASDAQ:ADTN)

NII Holdings Inc. NIHD was a big mover last session with shares surging over 19% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $0.89 to $1.17 since Feb 28.

This provider of digital wireless communications services has seen one negative estimate revision in the last 7 days. However, the Zacks Consensus Estimate has moved lower over the same period. This implies trouble down the road. So make sure to keep an eye on this stock going forward to see if Friday's rally can last.

NII Holdings currently holds a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

Investors interested in the broader technology sector may consider better-ranked stocks like SK Telecom Co. Ltd. SKM, SmarTone Telecommunications Holdings Ltd. (STTFY) and ADTRAN Inc. ADTN. While SK Telecom sports a Zacks Rank #1 (Strong Buy), SmarTone Telecommunications and ADTRAN bear a Zacks Rank #2 (Buy).

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