According to Zacks, “Westell Technologies Inc. designs, manufactures, markets and services a broad range of digital and analog products used by telcos to deliver services primarily over existing copper telephone wires that connect end users to a telco’s central office. The company also markets its products and services to other telecommunications and information service providers seeking direct access to end-user customers. The company’s customers include all the Regional Bell Operating Companies as well as GTE and other carriers. “
Shares of Westell Technologies (NASDAQ:WSTL) opened at 0.50 on Thursday. The firm’s market capitalization is $30.54 million. The company has a 50-day moving average of $0.53 and a 200 day moving average of $0.77. Westell Technologies has a 12-month low of $0.48 and a 12-month high of $1.51.
Westell Technologies (NASDAQ:WSTL) last released its quarterly earnings data on Wednesday, August 10th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by $0.02. Westell Technologies had a negative return on equity of 18.63% and a negative net margin of 24.69%. The firm earned $14.82 million during the quarter, compared to analyst estimates of $21.03 million. During the same quarter in the prior year, the company posted ($0.04) EPS. The company’s quarterly revenue was down 31.3% on a year-over-year basis. On average, analysts predict that Westell Technologies will post ($0.10) EPS for the current year.
An institutional investor recently raised its position in Westell Technologies stock. Cove Street Capital LLC boosted its position in Westell Technologies Inc. (NASDAQ:WSTL) by 16.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,734,217 shares of the company’s stock after buying an additional 1,079,603 shares during the period. Cove Street Capital LLC owned approximately 12.66% of Westell Technologies worth $5,414,000 at the end of the most recent reporting period. 33.73% of the stock is owned by institutional investors and hedge funds.
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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