Qumu Corporation (QUMU) Crumbles: Stock Falls by 6.5% - Tale of the Tape
Qumu Corporation (NASDAQ: QUMU) saw a big move in the last trading session, as the company's shares fell over 6% 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 trend for QUMU, as the stock is now down over 17% in the past one-month time frame.
The company, which operates in the enterprise video content management software and disc publishing businesses, has not seen any estimate revision over the past month, and the current year earnings consensus 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, especially on earnings estimates following the recent slump.
QUMU currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Investors interested in the Computer & Technology sector may consider better-ranked stocks like Broadcom Corp. (NASDAQ: BRCM), Advanced Micro Devices, Inc. (NYSE: AMD) and Cvent, Inc. (NYSE: CVT). While Broadcom holds a Zacks Rank #1 (Strong Buy), Advanced Micro Devices and Cvent carry a Zacks Rank #2 (Buy).
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