UTStarcom (UTSI) Receiving Somewhat Favorable Media Coverage, Analysis Shows

Posted by Joseph Griffin on Mar 24th, 2018 // Comments off

Headlines about UTStarcom (NASDAQ:UTSI) have trended somewhat positive this week, according to Accern. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. UTStarcom earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave media headlines about the Wireless communications provider an impact score of 46.3167439941523 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

UTSI stock traded down $0.08 during mid-day trading on Friday, hitting $5.15. The stock had a trading volume of 108,332 shares, compared to its average volume of 101,017. The company has a market capitalization of $185.40, a price-to-earnings ratio of 261.50 and a beta of 0.17. UTStarcom has a 52 week low of $1.80 and a 52 week high of $6.51.

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UTStarcom (NASDAQ:UTSI) last released its earnings results on Friday, March 9th. The Wireless communications provider reported ($0.09) earnings per share (EPS) for the quarter. The firm had revenue of $18.24 million during the quarter, compared to the consensus estimate of $28.00 million.

Separately, Northland Securities set a $5.00 target price on UTStarcom and gave the company a “buy” rating in a report on Saturday, November 25th.

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UTStarcom Company Profile

UTStarcom Holdings Corp. provides broadband products, solution and services. The Company delivers broadband transport and access (both wireless fidelity (Wi-Fi) and fixed line) products and solutions, optimized for mobile backhaul, metro aggregation, broadband access and Wi-Fi data offloading. Its segments include Equipment, which is focused on its equipment sales, including network infrastructure and application products, and Services, which is engaged in providing services and support of its equipment products and also the new operational support segment.

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