News articles about Westell Technologies (NASDAQ:WSTL) have been trending negative this week, AlphaOne reports. The research group, a service of Accern, identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. AlphaOne ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Westell Technologies earned a news sentiment score of -0.39 on AlphaOne’s scale. AlphaOne also assigned media stories about the communications equipment provider an impact score of 0 out of 100, meaning that recent press coverage is extremely unlikely to have an impact on the stock’s share price in the near future.
Shares of Westell Technologies (NASDAQ:WSTL) traded up 3.76% during mid-day trading on Friday, hitting $2.76. The stock had a trading volume of 171,866 shares. Westell Technologies has a 12-month low of $1.76 and a 12-month high of $3.80. The company has a 50 day moving average price of $2.78 and a 200 day moving average price of $2.67. The firm’s market cap is $42.68 million.
Westell Technologies (NASDAQ:WSTL) last issued its earnings results on Wednesday, May 24th. The communications equipment provider reported $0.08 EPS for the quarter. The company had revenue of $15.40 million during 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 business’s revenue for the quarter was down 26.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.16) EPS. Equities analysts forecast that Westell Technologies will post $0.04 earnings per share for the current fiscal year.
A number of analysts have commented 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.
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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