PC Tel (PCTI) Receiving Somewhat Negative Press Coverage, Accern Reports
Media coverage about PC Tel (NASDAQ:PCTI) has been trending somewhat negative this week, according to Accern. Accern rates the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. PC Tel earned a coverage optimism score of -0.04 on Accern’s scale. Accern also gave news coverage about the Wireless communications provider an impact score of 46.6243540744957 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Separately, B. Riley restated a “buy” rating and issued a $8.50 target price on shares of PC Tel in a research report on Thursday, November 9th.
Shares of PC Tel (NASDAQ:PCTI) opened at $7.58 on Thursday. PC Tel has a 1 year low of $5.11 and a 1 year high of $8.48. The company has a market capitalization of $132.25, a P/E ratio of -26.14 and a beta of 0.66.
PC Tel (NASDAQ:PCTI) last posted its earnings results on Wednesday, November 8th. The Wireless communications provider reported $0.09 EPS for the quarter, beating the consensus estimate of $0.07 by $0.02. PC Tel had a positive return on equity of 2.14% and a negative net margin of 4.86%. The firm had revenue of $23.70 million for the quarter, compared to analysts’ expectations of $23.11 million. During the same period last year, the firm earned $0.07 EPS. The firm’s revenue was up 13.4% compared to the same quarter last year. research analysts forecast that PC Tel will post 0.12 EPS for the current year.
In related news, Director Brian J. Jackman sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $7.21, for a total value of $72,100.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 10.46% of the stock is owned by company insiders.
About PC Tel
PCTEL, Inc (PCTEL) delivers telecom solutions. The Company operates in two segments: Connected Solutions and RF Solutions. The RF Solutions segment develops and provides test equipment, software and engineering services for wireless networks. The Connected Solutions segment designs and delivers antennas and site solutions for wireless networks globally.
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