Harris (HRS) in Focus: Stock Moves 6.2% Higher


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Harris Corporation HRS was a big mover last session, as the company saw its shares rise more than 6% 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 $142.07 to $147.61 in the past one month time frame.

The move came after the company reported better-than-expected second-quarter fiscal 2018 results.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Harris currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

Harris Corporation Price

Harris Corporation Price | Harris Corporation Quote

Investors interested in the Wireless Equipment industry may consider InterDigital, Inc. IDCC , which has a Zacks Rank #1 (Strong Buy). You can see  the complete list of today’s Zacks #1 Rank stocks here .

Is HRS going up? Or down? Predict to see what others think: Up or Down

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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