UK markets closed

Xerox (XRX) Catches Eye: Stock Moves Up 5.8% in Session

Zacks Equity Research

Xerox Corporation XRX was a big mover last session, as its shares rose over 5% on the day. The move came after posted encouraging second-quarter 2017 results, wherein earnings beat estimates. This led to far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up over 12% in the past one-month time frame.

None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Xerox currently carries a Zacks Rank #3 (Hold).

Xerox Corporation Price


Xerox Corporation Price | Xerox Corporation Quote

A better-ranked stock in the Business - Services space is Mitie Group plc MITFY, sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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

More Stock News: Tech Opportunity Worth $386 Billion in 2017                 

From driverless cars to artificial intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future.

Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity.  Most importantly, it reveals 4 stocks with massive profit potential. 

See these stocks now>> 

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Mitie Group PLC. (MITFY) : Free Stock Analysis Report
Xerox Corporation (XRX) : Free Stock Analysis Report
To read this article on click here.
Zacks Investment Research