Westell Technologies (WSTL) Given News Impact Score of 0.06
Media stories about Westell Technologies (NASDAQ:WSTL) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Westell Technologies earned a daily sentiment score of 0.06 on Accern’s scale. Accern also assigned media coverage about the communications equipment provider an impact score of 46.3669688497527 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
WSTL has been the topic of a number of research reports. ValuEngine upgraded Westell Technologies from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 31st. Northland Securities set a $6.00 price target on Westell Technologies and gave the stock a “buy” rating in a research note on Friday, August 11th.
Westell Technologies (NASDAQ WSTL) traded up 1.01% on Wednesday, reaching $3.01. The company had a trading volume of 30,440 shares. Westell Technologies has a 12 month low of $1.76 and a 12 month high of $3.80. The firm’s market capitalization is $46.36 million. The stock has a 50 day moving average of $3.14 and a 200 day moving average of $2.88.
Westell Technologies (NASDAQ:WSTL) last released its quarterly earnings results 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). Westell Technologies had a negative return on equity of 1.07% and a negative net margin of 13.51%. The business had revenue of $16.57 million during the quarter, compared to analyst estimates of $15.36 million. During the same quarter last year, the firm posted ($0.06) EPS. The company’s revenue was up 11.9% compared to the same quarter last year. On average, analysts anticipate that Westell Technologies will post $0.10 EPS for the current year.
Westell Technologies announced that its Board of Directors has initiated a stock buyback plan on Wednesday, May 17th that permits the company to buyback $2.00 million in outstanding shares. This buyback authorization permits the communications equipment provider to buy up to 59% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.
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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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