Compellent Technologies, Inc. (CML) estimates are rising, along with its share price, following recent news.
Estimates Still Rising
Since Compellent was featured as a Zacks Rank Buy in early November, full-year estimates have gained a penny for this and next year. The current Zacks Consensus Estimate is 16 cents for 2009 and 24 cents in 2010.
Public Offering
Compellent offered 3.8 million shares at a 2% discount to raise over $65 million in late November. Only 600,000 of the shares came from the company, the remainder was offered by shareholders. Shares rose sharply on the news.
The Chart
Shares of CML were volatile around the public offering, but have gained ground since being feature in November. The MACD is about the cross over, which is viewed as a bullish indicator. Take a look below.
Last Week’s Aggressive Growth Zacks Rank Buy Stocks
Ecopetrol S.A. (EC) estimates are climbing and the company recently laid out its 2010 investment plan, that includes an 11% increase. Read Full Article.
CARBO Ceramics Inc (CRR) shares set a new 52-week high as analysts raise estimates for the company, which has great fundamentals.
Balchem Corp (BCPC) shares continue to set new 52-week highs as estimates climb. Analysts are projecting double-digit growth for the next 2 years. Read Full Article.
VIVO Participações (VIV) continues to set new highs as analysts raise full-year estimates for the Brazilian telecom company. Read Full Article.
Bill Wilton is the Growth Stock Strategist for Zacks.com. He is also the Editor in charge of the market-beating Zacks Growth Trader serviceZacks Investment Research
