Westell Technologies Inc. (WSTL) Given $5.00 Consensus Target Price by Analysts

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Westell Technologies Inc. (NASDAQ:WSTL) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Brokerages have set a 12-month consensus price target of $5.00 for the company and are expecting that the company will post $0.02 EPS for the current quarter, according to Zacks. Zacks has also assigned Westell Technologies an industry rank of 73 out of 257 based on the ratings given to related companies.

Several equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Westell Technologies from a “sell” rating to a “hold” rating in a report on Thursday, October 4th. TheStreet upgraded shares of Westell Technologies from a “d” rating to a “c-” rating in a report on Thursday, August 2nd.

Large investors have recently modified their holdings of the stock. Alambic Investment Management L.P. increased its holdings in Westell Technologies by 95.9% in the 2nd quarter. Alambic Investment Management L.P. now owns 94,137 shares of the communications equipment provider’s stock worth $268,000 after buying an additional 46,080 shares during the period. Macquarie Group Ltd. increased its holdings in Westell Technologies by 36.3% in the 2nd quarter. Macquarie Group Ltd. now owns 119,785 shares of the communications equipment provider’s stock worth $341,000 after buying an additional 31,923 shares during the period. Acadian Asset Management LLC increased its holdings in Westell Technologies by 44.6% in the 2nd quarter. Acadian Asset Management LLC now owns 136,818 shares of the communications equipment provider’s stock worth $390,000 after buying an additional 42,194 shares during the period. Finally, BlackRock Inc. increased its holdings in Westell Technologies by 10.5% in the 2nd quarter. BlackRock Inc. now owns 354,068 shares of the communications equipment provider’s stock worth $1,010,000 after buying an additional 33,764 shares during the period. Institutional investors own 21.04% of the company’s stock.

Shares of Westell Technologies stock traded down $0.12 during midday trading on Monday, hitting $1.94. The company had a trading volume of 98,833 shares, compared to its average volume of 53,205. The firm has a market capitalization of $31.39 million, a P/E ratio of 20.10 and a beta of 1.33. Westell Technologies has a 12-month low of $1.92 and a 12-month high of $4.60.

Westell Technologies (NASDAQ:WSTL) last announced its quarterly earnings data on Thursday, November 1st. The communications equipment provider reported ($0.03) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.08). The company had revenue of $10.11 million during the quarter, compared to analysts’ expectations of $13.78 million. Westell Technologies had a negative net margin of 3.96% and a positive return on equity of 3.12%. As a group, analysts anticipate that Westell Technologies will post 0.18 EPS for the current year.

Westell Technologies 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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