Syntel (SYNT) Surges: Stock Moves 6.4% Higher

By Zacks Investment ResearchStock MarketsNov 14, 2017 08:43PM ET

www.investing.com/analysis/syntel-synt-surges-stock-moves-64-higher-200265393

Syntel (SYNT) Surges: Stock Moves 6.4% Higher

By Zacks Investment Research | Nov 14, 2017 08:43PM ET

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Syntel, Inc. (NASDAQ:SYNT) was a big mover last session, as the company saw its shares rise over 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $22.76–$24.38 in the past one-month time frame, witnessed a sharp increase yesterday.

Syntel has seen one positive estimate revision versus four negative estimate revisions over the past one month.The Zacks Consensus Estimate for the current quarter has also revised downward in the past 30 days, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Syntel currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is negative.

Syntel, Inc. Price and Consensus

Syntel, Inc. Price and Consensus | Syntel, Inc. Quote

Another stock worth considering in the Computer-Services industry is Forrester Research, Inc. (NASDAQ:FORR) which also carries a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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

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Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>

Syntel, Inc. (SYNT): Free Stock Analysis Report

Forrester Research, Inc. (FORR): Free Stock Analysis Report

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Syntel (SYNT) Surges: Stock Moves 6.4% Higher

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