Chegg, Inc. CHGG saw a big move last session, as the company's shares fell by over 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for CHGG, as the stock is now up nearly 28% in the past one month time-frame.
This Internet Software company has seen a flat track record when it comes to current year estimate revisions, as there has been no revision on either side over the past few weeks. The consensus for loss estimate 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.
CHGG currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the Internet Software industry include ANI Support.com, Inc. SPRT, Synchronoss Technologies, Inc. SNCR and TeleCommunication Systems Inc. TSYS. All these stocks carry a Zacks Rank #1 (Strong Buy).
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CHEGG INC CHGG: Free Stock Analysis Report
SUPPORT.COM INC SPRT: Free Stock Analysis Report
SYNCHRONOSS TEC SNCR: Free Stock Analysis Report
TELECOMMUN SYS TSYS: Free Stock Analysis Report
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