Franklin Wireless (FKWL) Projected to Announce Quarterly Earnings on Monday

Franklin Wireless (NASDAQ:FKWL) is expected to post its results before the market opens on Monday, September 21st. Analysts expect the company to post earnings of ($0.03) per share and revenue of $10.60 million for the quarter.

Franklin Wireless Trading Down 1.6%

FKWL stock opened at $2.41 on Friday. The firm has a 50 day moving average of $2.39 and a 200-day moving average of $2.96. Franklin Wireless has a 12 month low of $2.21 and a 12 month high of $5.48. The firm has a market capitalization of $28.39 million, a P/E ratio of -40.17 and a beta of 0.31.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Franklin Wireless in a research note on Friday, August 21st. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Franklin Wireless presently has an average rating of “Hold” and a consensus price target of $6.00.

About Franklin Wireless

Franklin Wireless Corporation develops and supplies wireless communications equipment and connected-device solutions. The company’s products are designed to provide mobile broadband connectivity through cellular networks and include mobile hotspots, routers, modems, and related wireless devices.

Franklin Wireless primarily serves wireless network operators, distributors, retailers, and enterprise customers. Its offerings support applications such as home and mobile internet access, backup connectivity, remote communications, and Internet of Things deployments.