Favorable News Coverage Somewhat Unlikely to Affect Westell Technologies (WSTL) Share Price
Media stories about Westell Technologies (NASDAQ:WSTL) have trended positive recently, according to Accern. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources. 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 media sentiment score of 0.31 on Accern’s scale. Accern also gave press coverage about the communications equipment provider an impact score of 47.3624508189826 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
WSTL has been the subject of several research analyst reports. Zacks Investment Research raised Westell Technologies from a “hold” rating to a “strong-buy” rating and set a $4.00 price objective for the company in a research note on Wednesday, November 8th. Northland Securities set a $6.00 price objective on Westell Technologies and gave the company a “buy” rating in a research note on Friday, August 11th.
Westell Technologies (WSTL) opened at $3.95 on Monday. Westell Technologies has a one year low of $1.96 and a one year high of $4.03. The firm has a market capitalization of $61.43, a P/E ratio of 24.69 and a beta of 1.62.
Westell Technologies (NASDAQ:WSTL) last released its quarterly earnings data on Wednesday, November 1st. The communications equipment provider reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.09. Westell Technologies had a positive return on equity of 4.84% and a negative net margin of 3.45%. The firm had revenue of $17.23 million during the quarter, compared to the consensus estimate of $16.74 million. During the same period last year, the business posted ($0.02) EPS. Westell Technologies’s quarterly revenue was down 3.1% on a year-over-year basis. analysts predict that Westell Technologies will post 0.23 EPS for the current year.
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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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