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Infosys (INFY) in Focus: Stock Moves 5.8% Higher

Zacks Equity Research
Updated

Infosys Limited INFY was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 10.9% in the past one-month time frame.

The move came after the company announced the launch of a unique knowledge-based solution, the Infosys Business Assurance Store, which enables clients to improve productivity in test planning, supports continuous testing and minimizes dependency.

The company has seen a mixed track record when it comes to estimate revisions of three increases and one decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

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

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Infosys Limited Price

Infosys Limited Price | Infosys Limited Quote

A better-ranked stock in the Computers - IT Services industry is Nutanix Inc. NTNX, holding a Zacks Rank #2 (Buy).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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

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