Here's Why Lam Research (LRCX) Fell More Than Broader Market

The the stock of semiconductor equipment maker has fallen by 4.62% in the past month, lagging the Computer and Technology sector's gain of 0.47% and the S&P 500's gain of 1.96%. It is also important to note the recent changes to analyst estimates for Lam Research. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits. Rangi ...