Shares of Westell Technologies Inc. (NASDAQ:WSTL) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Brokerages have set a twelve-month consensus price target of $1.50 for the company and are forecasting that the company will post ($0.03) EPS for the current quarter, according to Zacks. Zacks has also assigned Westell Technologies an industry rank of 102 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research upgraded shares of Westell Technologies from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 21st.
Westell Technologies (NASDAQ:WSTL) traded up 0.9341% during trading on Thursday, hitting $0.5403. 32,222 shares of the stock were exchanged. Westell Technologies has a 1-year low of $0.48 and a 1-year high of $1.51. The firm’s market capitalization is $33.00 million. The company has a 50-day moving average price of $0.57 and a 200 day moving average price of $0.84.
Westell Technologies (NASDAQ:WSTL) last announced its quarterly earnings results on Wednesday, August 10th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.04) by $0.02. The firm earned $14.82 million during the quarter, compared to the consensus estimate of $21.03 million. Westell Technologies had a negative return on equity of 18.63% and a negative net margin of 24.69%. The business’s revenue for the quarter was down 31.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.04) EPS. Equities analysts predict that Westell Technologies will post ($0.10) earnings per share for the current fiscal year.
A number of institutional investors have recently bought and sold shares of WSTL. Emerald Acquisition Ltd. bought a new position in Westell Technologies during the second quarter valued at about $786,000. Renaissance Technologies LLC boosted its position in Westell Technologies by 1.8% in the first quarter. Renaissance Technologies LLC now owns 3,354,329 shares of the company’s stock valued at $3,925,000 after buying an additional 57,699 shares in the last quarter. Finally, Cove Street Capital LLC boosted its position in Westell Technologies by 16.2% in the second quarter. Cove Street Capital LLC now owns 7,734,217 shares of the company’s stock valued at $5,414,000 after buying an additional 1,079,603 shares in the last quarter. Institutional investors and hedge funds own 33.73% of the company’s stock.
Westell Technologies Company Profile
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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