News stories about Westell (NASDAQ:WSTL) have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Westell earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned news coverage about the communications equipment provider an impact score of 45.1861558816731 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
WSTL has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Westell from a “hold” rating to a “buy” rating and set a $3.50 price objective for the company in a research report on Wednesday, February 14th. ValuEngine raised shares of Westell from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd.
Shares of Westell stock remained flat at $$3.02 during trading on Wednesday. 520 shares of the stock traded hands, compared to its average volume of 54,816. The stock has a market cap of $46.49 million, a PE ratio of -9.44 and a beta of 1.45. Westell has a 1-year low of $3.02 and a 1-year high of $3.02.
Westell (NASDAQ:WSTL) last announced its quarterly earnings results on Wednesday, February 7th. The communications equipment provider reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.05. Westell had a net margin of 0.62% and a return on equity of 7.42%. The firm had revenue of $13.68 million during the quarter, compared to analysts’ expectations of $15.04 million. analysts anticipate that Westell will post 0.3 earnings per share for the current year.
Westell Company Profile
Westell Technologies, Inc, through its subsidiary, Westell, Inc, designs and distributes telecommunications products to telephone companies in the United States. The company operates through three segments: In-Building Wireless (IBW), Intelligent Site Management and Services (ISMS), and Communications Network Solutions (CNS).
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