Novell Shares Down 7.5% – Zacks Tale of the Tape
Source: http://www.zacks.com/stock/news/20592/Novell+Shares+Down+7.5%25++-+Zacks+Tale+of+the+TapePosted on Friday, May 29th, 2009 | In Market Commentary, Stocks to Watch
Contributed by: Zacks Market Commentaries (http://www.zacks.com/) -
Shares of Novell Inc. (NOVL) slipped almost 7.5% today, despite reporting second-quarter earnings per share yesterday that topped Wall Street expectations.
The company’s revenue fell 8.5% to $216 million.
The full-year average forecast hasn’t changed over the past 2 months and remains at 19 cents per share.
NOVL, a Zacks #3 Rank (”Hold”) stock, is trading on volume of nearly 6 million, which is double the average daily volume at about 3.0 million.
“NOVL” Free Stock Analysis: Buy? Sell? Hold?
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