Westell Technologies (WSTL) Earning Somewhat Positive Press Coverage, Analysis Shows
News headlines about Westell Technologies (NASDAQ:WSTL) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Westell Technologies earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned news stories about the communications equipment provider an impact score of 46.5420137341424 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Shares of Westell Technologies (NASDAQ:WSTL) remained flat at $2.87 during mid-day trading on Friday. The company’s stock had a trading volume of 8,082 shares. The firm’s market cap is $44.21 million. Westell Technologies has a 12-month low of $1.76 and a 12-month high of $3.80. The firm has a 50-day moving average of $3.19 and a 200-day moving average of $2.89.
Westell Technologies (NASDAQ:WSTL) last announced its quarterly earnings data on Wednesday, August 9th. The communications equipment provider reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by $0.01. The business had revenue of $16.57 million during the quarter, compared to the consensus estimate of $15.36 million. Westell Technologies had a negative net margin of 13.51% and a negative return on equity of 1.07%. The business’s revenue was up 11.9% compared to the same quarter last year. During the same period last year, the company earned ($0.06) EPS. Equities analysts anticipate that Westell Technologies will post $0.10 earnings per share for the current year.
Westell Technologies declared that its Board of Directors has approved a stock buyback plan on Wednesday, May 17th that allows the company to repurchase $2.00 million in outstanding shares. This repurchase authorization allows the communications equipment provider to buy up to 59% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.
WSTL has been the topic of several recent analyst reports. Northland Securities set a $6.00 target price on shares of Westell Technologies and gave the stock a “buy” rating in a report on Friday, August 11th. ValuEngine upgraded shares of Westell Technologies from a “strong sell” rating to a “sell” rating in a report on Wednesday, May 31st.
About Westell Technologies
Westell Technologies, Inc is a provider of in-building wireless, intelligent site management, cell site optimization and outside plant solutions. The Company’s set of products and solutions are designed to manage network performance for carriers, integrators and other network operators. The Company operates in two segments: In-Building Wireless (IBW) and Communication Solutions Group (CSG).
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