Option chain shows key data for Surgepays's stock options at various strike prices and expiration dates. Traders use this information to analyze potential trades and assess market sentiment for Surgepays.

Surgepays (NASDAQ:SURG) Stock, Option Chain

Surgepays

Surgepays Inc is a fintech company focused on the underbanked community. It provides services to financial technology, telecommunications, and digital media companies. Its operating segment includes Mobile Virtual Network Operators that provide mobile broadband (internet connectivity), voice and SMS text messaging to both subsidized and direct retail prepaid customers through SurgePhone Wireless, LLC and Torch Wireless, LLC; Comprehensive Platform Services provide financial technology and a wireless top-up platform to independently owned convenience stores throughout the country; Lead Generation is a generation and case management solutions company serving law firms in the mass tort industry; and Others. It generates the revenue from Mobile Virtual Network Operator segment.

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SURG

SurgePays shares rise after signing deal with AT&amp;T for mobile services. MVNO agreement expands reach to underserved areas.

SurgePays Teams Up With AT&amp;T For Affordable Wireless Solutions Nationwide; Stock Gains

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AFRM

SurgePays, Inc. (NASDAQ: SURG) is set to report second-quarter 2024 results on Aug 13.

The Zacks Consensus Estimate for revenues is currently pegged at $23.35 million, suggesting a decrease of 34.94% from the figure reported in the year-ago quarter.

SurgePays to Report Q2 Earnings: What&#39;s in the Cards?

Tech

Rapid7 (NASDAQ: RPD) shares rallied 6.8% in the last trading session to close at $40.55. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock&#39;s 0.7% gain over the past four weeks.

Rapid7 Surges 6.8%: Is This an Indication of Further Gains?

Surgepays Inc

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SurgePays shares are trading higher after announcing an agreement with AT&T that enables the company to offer mobile wireless, voice, data, and messaging services.

SurgePays, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SURG#NASDAQ">SURG</a>) shares are trading higher after the company inked a deal with AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) to provide mobile wireless, voice, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/n42110967/surgepays-establishes-strategic-agreement-with-at-t" rel="noreferrer noopener">data, and messaging services</a>.
As per a multi-year mobile virtual network operator (MVNO) agreement, SurgePays will offer its customers reliable 4G LTE and 5G services using AT&amp;T&#8217;s wireless network, which covers over 99% of Americans in North America.
The AT&amp;T agreement enables SurgePays to empower other businesses to deliver MVNO wireless services while expanding into underserved and rural markets. Leveraging its vast network of convenience stores, bodegas, and neighborhood locations, SurgePays ensures easy access to prepaid wireless and financial products.
Brian Cox, Chairman and CEO, said, &#8220;Once service integration with AT&amp;T is complete, we will be able to provide services on a network that our customers can depend on to stay securely connected, whether they are existing SurgePays customers or new ones coming to us through our convenience store distribution channel, operation centers or online.&#8221;
&#8220;Back in July, we announced the hiring and appointment of&nbsp;Joseph Gomez&nbsp;as vice president of MVNO Operations,&#8221; added Cox. &#8220;Joe had served AT&amp;T for decades leading strategic initiatives, developing partnerships and overseeing national sales and distribution channels. He has wasted no time in following through on his charge of driving our MVNO strategy with a focus on market share growth.&#8221;
Price Action: SURG shares are up 17.1% at $1.71 at the last check Thursday.
Image sourced from Shutterstock
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SurgePays Teams Up With AT&T For Affordable Wireless Solutions Nationwide; Stock Gains

SurgePays Announces Agreement With AT&T, Enabling SurgePays To Offer Mobile Wireless, Voice, Data And Messaging Services

SurgePays shares are trading lower after the company reported worse-than-expected Q3 financial results.

Surgepays (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SURG#NASDAQ">SURG</a>) reported quarterly losses of $(0.73) per share which missed the analyst consensus estimate of $(0.27) by 170.37 percent. This is a 248.98 percent decrease over earnings of $0.49 per share from the same period last year. The company reported quarterly sales of $4.770 million which missed the analyst consensus estimate of $8.642 million by 44.80 percent. This is a 86.04 percent decrease over sales of $34.161 million the same period last year.

Earnings Misses

Surgepays Q3 2024 GAAP EPS $(0.73) Misses $(0.27) Estimate, Sales $4.770M Miss $8.642M Estimate

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Earnings Scheduled For November 12, 2024

Surgepays (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SURG#NASDAQ">SURG</a>) is preparing to release its quarterly earnings on Tuesday, 2024-11-12. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Surgepays to report an earnings per share (EPS) of $-0.27.
Investors in Surgepays are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Historical Earnings Performance</h3>
In the previous earnings release, the company missed EPS by $0.59, leading to a 26.84% drop in the share price the following trading session.
Here's a look at Surgepays's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.07</td>
<td>0.20</td>
<td>0.41</td>
<td>0.28</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.66</td>
<td>0.07</td>
<td>0.19</td>
<td>0.49</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-27.0%</td>
<td>13.0%</td>
<td>-28.000000000000004%</td>
<td>-3.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1731344512_0.png" alt="eps graph" />
<h3>Tracking Surgepays's Stock Performance</h3>
Shares of Surgepays were trading at $1.52 as of November 08. Over the last 52-week period, shares are down 72.03%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release. 
<h3>Analyst Insights on Surgepays</h3>
Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Surgepays.
The consensus rating for Surgepays is Buy, derived from 1 analyst ratings. An average one-year price target of $9.0 implies a potential 492.11% upside.
<h3>Peer Ratings Overview</h3>
In this analysis, we delve into the analyst ratings and average 1-year price targets of and Surgepays, three key industry players, offering insights into their relative performance expectations and market positioning.
<h3>Summary of Peers Analysis</h3>
The peer analysis summary offers a detailed examination of key metrics for and Surgepays, providing valuable insights into their respective standings within the industry and their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Surgepays</td>
<td>Buy</td>
<td>-57.96%</td>
<td>$-3.44M</td>
<td>-25.18%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Surgepays ranks at the bottom among its peers in terms of consensus rating, revenue growth, gross profit, and return on equity. The company's performance is weaker compared to its peers across all key metrics analyzed.
<h3>Get to Know Surgepays Better</h3>
Surgepays Inc is a fintech company focused on the underbanked community. It provides services to financial technology, telecommunications, and digital media companies. Its operating segment includes Mobile Virtual Network Operators that provide mobile broadband (internet connectivity), voice and SMS text messaging to both subsidized and direct retail prepaid customers through SurgePhone Wireless, LLC and Torch Wireless, LLC; Comprehensive Platform Services provide financial technology and a wireless top-up platform to independently owned convenience stores throughout the country; Lead Generation is a generation and case management solutions company serving law firms in the mass tort industry; and Others. It generates the revenue from Mobile Virtual Network Operator segment.
<h3>Unraveling the Financial Story of Surgepays</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Decline in Revenue: Over the 3 months period, Surgepays faced challenges, resulting in a decline of approximately -57.96% in revenue growth as of 30 June, 2024. This signifies a reduction in the company's top-line earnings. When compared to others in the Communication Services sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Surgepays's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -85.28%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Surgepays's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -25.18%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Surgepays's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -20.42%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Surgepays's debt-to-equity ratio is below the industry average at 0.11, reflecting a lower dependency on debt financing and a more conservative financial approach.
<a href="https://www.benzinga.com/quote/SURG/earnings">To track all earnings releases for Surgepays visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Uncovering Potential: Surgepays's Earnings Preview

Supports Enhanced Growth Across Core Business Segments
BARTLETT, Tenn. and SAN SALVADOR, El Salvador, Oct. 31, 2024 /PRNewswire/ -- SurgePays, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SURG#NASDAQ">SURG</a>) ("SurgePays" or the "Company"), a technology and telecommunications company, has officially opened its new, dedicated sales operations facility in San Salvador, El Salvador.

Global

SurgePays Opened Its New, Dedicated Sales Operations Facility In San Salvador, El Salvador

<h3>Gainers</h3>
<ul>
<li>Direct Digital Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRCT#NASDAQ">DRCT</a>) stock increased by 22.1% to $2.92 during Friday's regular session. The company's market cap stands at $41.8 million. </li>
<li>Surgepays (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SURG#NASDAQ">SURG</a>) stock rose 15.08% to $2.06. The market value of their outstanding shares is at $40.6 million. </li>
<li>Able View Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABLV#NASDAQ">ABLV</a>) shares increased by 10.46% to $0.95. The company's market cap stands at $39.7 million. </li>
<li>Oriental Culture Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCG#NASDAQ">OCG</a>) shares rose 10.34% to $1.28. The company's market cap stands at $5.8 million. </li>
<li>Sify Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIFY#NASDAQ">SIFY</a>) shares rose 8.97% to $3.28. The company's market cap stands at $1.4 billion. </li>
<li>Lee Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LEE#NASDAQ">LEE</a>) stock increased by 8.95% to $15.31. The company's market cap stands at $94.7 million. </li>
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<h3>Losers</h3>
<ul>
<li>John Wiley &amp; Sons (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLYB#NYSE">WLYB</a>) shares declined by 21.1% to $38.95 during Friday's regular session. The market value of their outstanding shares is at $2.1 billion. </li>
<li>Hanryu Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HRYU#NASDAQ">HRYU</a>) stock decreased by 10.73% to $0.21. The market value of their outstanding shares is at $11.0 million. </li>
<li>ZW Data Action Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNET#NASDAQ">CNET</a>) stock decreased by 9.5% to $2.06. The market value of their outstanding shares is at $3.7 million. </li>
<li>Reading Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDIB#NASDAQ">RDIB</a>) stock declined by 9.21% to $6.61. The company's market cap stands at $148.2 million. </li>
<li>Global Mofy AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GMM#NASDAQ">GMM</a>) shares fell 8.64% to $0.53. The market value of their outstanding shares is at $15.1 million. 
See Also: <a href="http://www.benzinga.com/money/best-communication-services-stocks/" title="www.benzinga.com/money/best-communication-services-stocks/">www.benzinga.com/money/best-communication-services-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ABLV

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11 Communication Services Stocks Moving In Friday's Intraday Session

Existing ACP Customers Can Now Opt-in to Lifeline Program
BARTLETT, Tenn., Oct. 10, 2024 /PRNewswire/ -- SurgePays, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SURG#NASDAQ">SURG</a>) ("SurgePays" or the "Company"), a technology and telecom company announced today that it has signed a Master Services Agreement (MSA) with TerraCom, Inc. ("TerraCom"), a wireless service provider and licensed Lifeline provider, effective October 3, 2024.&nbsp; SurgePays and TerraCom have agreed to finalize a stock purchase agreement to acquire the majority of TerraCom stock, subject to regulatory approval.&nbsp;&nbsp;

SurgePays Announces Master Services Agreement With TerraCom, Inc., Effective October 3, 2024

Ascendiant Capital analyst Edward Woo maintains Surgepays (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SURG#NASDAQ">SURG</a>) with a Buy and lowers the price target from $9.5 to $9.

Price Target

Ascendiant Capital Maintains Buy on Surgepays, Lowers Price Target to $9

SurgePays, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SURG#NASDAQ">SURG</a>) ("SurgePays" or the "Company"), a technology and telecom company focused on the underbanked and underserved communities, announces today that it is commencing its previously authorized stock repurchase program of up to $5 million in SurgePays' common stock.

Buybacks

SurgePays Commences Its Previously Authorized Stock Repurchase Program Of Up To $5M In Common Stock

SurgePays shares are trading lower after the company reported worse-than-expected Q2 sales results.

SurgePays shares are trading lower after the company reported a year-over-year decrease in Q2 EPS results and worse-than-expected Q2 sales results.

SurgePays Authorizes $5M Share Repurchase

Surgepays (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SURG#NASDAQ">SURG</a>) reported quarterly losses of $(0.66) per share. This is a 265 percent decrease over earnings of $0.40 per share from the same period last year. The company reported quarterly sales of $15.086 million which missed the analyst consensus estimate of $15.154 million by 0.45 percent. This is a 57.96 percent decrease over sales of $35.886 million the same period last year.

Surgepays Q2 2024 GAAP EPS $(0.66) Down From $0.40 YoY, Sales $15.086M Miss $15.154M Estimate

SurgePays, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/surg#NASDAQ">SURG</a>) is set to report second-quarter 2024 results on Aug 13.
The Zacks Consensus Estimate for revenues is currently pegged at $23.35 million, suggesting a decrease of 34.94% from the figure reported in the year-ago quarter.
The consensus mark for loss per share has remained unchanged at 6 cents in the past 30 days, indicating a decline of 115% from the year-ago quarter&#39;s reported figure.
Let&#39;s see how things have shaped up for this announcement.
<div class="chart_embed">
<h3>SurgePays, Inc. Price and EPS Surprise</h3>
<img alt="SurgePays, Inc. Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/72/1723467576.png" style="height:311px; width:620px" title="" />
SurgePays, Inc. price-eps-surprise | SurgePays, Inc. Quote
</div>
<h3>Factors to Note</h3>
SURG&#39;s second-quarter results are expected to be hurt by operational changes by management to shift the company&#39;s focus away from the non-core business Lead Generation&#39;s subsidiary LogicsIQ.
At the end of the first quarter, Comprehensive Platform Services reported revenues of $2.53 million, representing a 13.7% decline from the prior quarter. This trend is expected to have continued in the to-be-reported quarter.
In the first quarter, the company launched the LinkUp Mobile website, www. linkupmobile.com, and is well underway in the national rollout. This is likely to have aided the top-line growth in the second quarter.
In the first quarter, the company acquired the software development and point-of-sale equipment and operations of DNR Business Solutions Inc. d/b/a ClearLine Mobile. Goodwill was $4.16 million as of Mar 31, 2024, and $1.6 million as of Dec 31, 2023.
This acquisition is likely to have expanded SurgePays&#39; customer base and enhanced its product offerings, creating new revenue opportunities. It is also expected to have generated operational efficiencies and strengthened SURG&#39;s competitive position in the to-be-reported quarter.
<h3>What Our Model Indicates</h3>
According to the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that&#39;s not the case here.
SURG has an Earnings ESP of 0.00% and a Zacks Rank of 3 at present.
<h3>Stocks With the Favorable Combination</h3>
Here are some stocks that, according to our model, have the right combination of elements to beat on earnings this season.
Brinker International (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/eat#NYSE">EAT</a>) has an Earnings ESP of +6.40% and sports a Zacks Rank #1 at present.
Brinker International is set to report fourth-quarter fiscal 2024 results on Aug 14. The Zacks Consensus Estimate for EAT&#39;s earnings is pegged at $1.65 per share, indicating growth of 18.7% from the year-ago quarter&#39;s reported figure.
Abercrombie &amp; Fitch (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anf#NYSE">ANF</a>) has an Earnings ESP of +5.40% and sports a Zacks Rank #1 at present.
Abercrombie &amp; Fitch is slated to report its second-quarter 2024 results on Aug 28. The Zacks Consensus Estimate for ANF&#39;s earnings is pegged at $2.13 per share, indicating a significant jump of 93.64% from the prior-year quarter&#39;s reported figure.
Affirm (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/afrm#NASDAQ">AFRM</a>) has an Earnings ESP of +19.64% and a Zacks Rank #2 at present.
Affirm is scheduled to release fourth-quarter fiscal 2024 results on Aug 28. The Zacks Consensus Estimate for AFRM&#39;s loss is pegged at 45 cents per share, indicating a significant jump of 34.78% from the prior-year quarter&#39;s reported figure.
<a href="https://www.zacks.com/stock/news/2320759/surgepays-surg-to-report-q2-earnings-what-s-in-the-cards?cid=CS-BENZ-FT-analyst_blog|earnings_preview-2320759">To read this article on Zacks.com click here.</a>

SurgePays to Report Q2 Earnings: What's in the Cards?

SurgePays Announces ClearLine's Launch Of POS Marketing Solution Integrated With Clover And PAX Devices; To Debut At RSPA RetailNOW Conference In Las Vegas

Anthony Evers, Chief Financial Officer at Surgepays (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SURG#NASDAQ">SURG</a>), disclosed an insider sell on July 3, according to a recent SEC filing.
What Happened: According to a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001392694/000149315224026258//Archives/edgar/data/1392694/000149315224026258/0001493152-24-026258-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday, Evers sold 36,667 shares of Surgepays. The total transaction value is $110,323.
During Thursday's morning session, Surgepays shares down by 5.45%, currently priced at $2.95.
<h3>Discovering Surgepays: A Closer Look</h3>
Surgepays Inc is a fintech company focused on the underbanked community. It provides services to financial technology, telecommunications, and digital media companies. Its operating segment includes Mobile Virtual Network Operators that provide mobile broadband (internet connectivity), voice and SMS text messaging to both subsidized and direct retail prepaid customers through SurgePhone Wireless, LLC and Torch Wireless, LLC; Comprehensive Platform Services provide financial technology and a wireless top-up platform to independently owned convenience stores throughout the country; Lead Generation is a generation and case management solutions company serving law firms in the mass tort industry; and Others. It generates the revenue from Mobile Virtual Network Operator segment.
<h3>Unraveling the Financial Story of Surgepays</h3>
Decline in Revenue: Over the 3 months period, Surgepays faced challenges, resulting in a decline of approximately -9.63% in revenue growth as of 31 March, 2024. This signifies a reduction in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Communication Services sector.
Key Insights into Profitability Metrics:
<ul>
<li>
Gross Margin: With a low gross margin of 26.04%, the company exhibits below-average profitability, signaling potential struggles in cost efficiency compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): Surgepays's EPS is below the industry average, signaling challenges in bottom-line performance with a current EPS of 0.07.
</li>
</ul>
Debt Management: Surgepays's debt-to-equity ratio is below the industry average. With a ratio of 0.1, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Analyzing Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 2.74 is lower than the industry average, indicating potential undervaluation for the stock.
</li>
<li>
Price to Sales (P/S) Ratio: The P/S ratio of 0.37 is lower than the industry average, implying a discounted valuation for Surgepays's stock in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an EV/EBITDA ratio lower than industry averages at 1.36, Surgepays could be considered undervalued.
</li>
</ul>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
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<h3>Understanding the Significance of Insider Transactions</h3>
While insider transactions provide valuable information, they should be part of a broader analysis in making investment decisions.
When discussing legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated in Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are required to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
A new purchase by a company insider is a indication that they anticipate the stock will rise.
On the other hand, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Navigating the World of Insider Transaction Codes</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates grant, award or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001392694">Check Out The Full List Of Surgepays's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Insider Transaction: Anthony Evers Sells $110K Worth Of Surgepays Shares

Rapid7 (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rpd#NASDAQ">RPD</a>) shares rallied 6.8% in the last trading session to close at $40.55. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock&#39;s 0.7% gain over the past four weeks.
The upswing came after The Wall Street Journal reported that the activist investor, Jana Partners, has built a stake in Rapid7 and is pushing the cybersecurity company to sell itself. Citing sources familiar with the matter, the news agency revealed that apart from urging for a sale, Jana Partners is also pushing Rapid7 to improve operations.
This cybersecurity company is expected to post quarterly earnings of $0.52 per share in its upcoming report, which represents a year-over-year change of +188.9%. Revenues are expected to be $204.06 million, up 7.2% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Rapid7, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock&#39;s price usually doesn&#39;t keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on RPD going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold).
Rapid7 is a member of the Zacks Internet - Software industry. One other stock in the same industry, SurgePays, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/surg#NASDAQ">SURG</a>), finished the last trading session 3.2% higher at $3.23. SURG has returned -18.3% over the past month.
SurgePays, Inc.&#39;s consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.06. Compared to the company&#39;s year-ago EPS, this represents a change of -115%. SurgePays, Inc. currently boasts a Zacks Rank of #4 (Sell).
<a href="https://www.zacks.com/stock/news/2294123/rapid7-rpd-surges-6-8-is-this-an-indication-of-further-gains?cid=CS-BENZ-FT-tale_of_the_tape|daily_price_change_5%-2294123">To read this article on Zacks.com click here.</a>

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