Lexmark International (LXK) in Focus: Stock Plunges 11.2% - Tale of the Tape - Adobe (NASDAQ:ADBE)

Lexmark International Inc. LXK saw a big move last session, as the company's shares fell by over 11% 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 LXK, as the stock declined 12.8% since April 3.

Lexmark International has seen flat record when it comes to current year estimate revisions over the past few weeks (no increase, no decrease), 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 of this firm in the near future, and especially on earnings estimates following the recent slump.

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

One better-ranked stock in the office automation and equipment space is Canon Inc. CAJ. Some other better-ranked stocks in the broader computer and technology sector include Accelrys Inc. ACCL and Adobe Systems Inc. ADBE. All these stocks carry a Zacks Rank #2 (Buy).

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