WI-LAN Lowered to Underperform at CIBC (WILN)
WI-LAN (NASDAQ:WILN) was downgraded by equities researchers at CIBC from an “outperform” rating to an “underperform” rating in a research report issued on Thursday, TheFlyOnTheWall.com reports.
Shares of WI-LAN (NASDAQ:WILN) traded down 25.32% on Thursday, hitting $2.95. 1,320,665 shares of the company’s stock traded hands. WI-LAN has a 1-year low of $3.15 and a 1-year high of $5.89. The stock’s 50-day moving average is $3.3 and its 200-day moving average is $3.96. The company’s market cap is $357.2 million.
WI-LAN (NASDAQ:WILN) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by $0.02. The company had revenue of $19.90 million for the quarter, compared to the consensus estimate of $18.01 million. Analysts expect that WI-LAN will post $0.05 EPS for the current fiscal year.
WILN has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity downgraded shares of WI-LAN to a “buy” rating in a research note to investors on Thursday. Analysts at Zacks upgraded shares of WI-LAN from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, September 16th. They now have a $3.40 price target on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $3.40.
Wi-LAN Inc (NASDAQ:WILN) is a licensing company.
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