Media headlines about Westell Technologies (NASDAQ:WSTL) have trended somewhat positive this week, Accern reports. Accern rates the sentiment of news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Westell Technologies earned a news impact score of 0.13 on Accern’s scale. Accern also assigned news articles about the communications equipment provider an impact score of 46.9427621518693 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Several equities analysts have recently issued reports on WSTL shares. ValuEngine upgraded Westell Technologies from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 31st. Zacks Investment Research downgraded Westell Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, April 13th.
Shares of Westell Technologies (NASDAQ:WSTL) traded up 1.22% during trading on Tuesday, hitting $3.33. The stock had a trading volume of 51,890 shares. The stock’s 50-day moving average price is $3.15 and its 200 day moving average price is $2.85. The stock’s market cap is $51.50 million. Westell Technologies has a one year low of $1.76 and a one year high of $3.80.
Westell Technologies (NASDAQ:WSTL) last issued its quarterly earnings data on Wednesday, May 24th. The communications equipment provider reported $0.08 earnings per share for the quarter. The firm had revenue of $15.40 million for the quarter, compared to analysts’ expectations of $15.90 million. Westell Technologies had a negative net margin of 25.32% and a negative return on equity of 9.19%. The company’s quarterly revenue was down 26.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.16) earnings per share. On average, equities analysts forecast that Westell Technologies will post $0.04 EPS for the current year.
Westell Technologies announced that its board has approved a stock buyback plan on Wednesday, May 17th that authorizes the company to buyback $2.00 million in outstanding shares. This buyback authorization authorizes the communications equipment provider to repurchase up to 59% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
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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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