Stock Story -
What Happened: Shares of applied informatics company Iteris (NASDAQCM:ITI) jumped 65.2% in the morning session after the company reported a "beat and raise" quarter. Iteris blew past analysts' revenue expectations this quarter. Moving on, it lifted its full-year revenue guidance, which came in higher than Wall Street's estimates. On the other hand, it slightly missed analysts' EPS estimates. Overall, this quarter featured some positives but wasn't perfect.
Is now the time to buy Iteris? Find out by reading the original article on StockStory, it's free.
What is the market telling us: Iteris's shares are not very volatile than the market average and over the last year have had only 10 moves greater than 5%. Moves this big are very rare for Iteris and that is indicating to us that this news had a significant impact on the market's perception of the business.
Iteris is up 37.1% since the beginning of the year, and at $6.99 per share, has set a new 52-week high. Investors who bought $1,000 worth of Iteris's shares 5 years ago would now be looking at an investment worth $1,349.
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