ZRAN was one of the big winners in the market on Tuesday, trading up over 28% to finish the session at $29.13 after reporting an extremely strong Q1 earnings report. Volume was extremely heavy, with over 17 million shares of the stock changing hands compared to a normal daily average of just over 1 million shares traded. The company was up after posting Q1 earnings of 28 cents per share on revenues of $112.1 million, compared to analyst expectations of 12 cents per share of earnings on revenues of $104.3 million dollars. ZRAN also raised its Q2 guidance for both earnings per share and revenues, which added more fuel to the fire on Tuesday. ZRAN set a new 52 week high of $29.85 on the news today.
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