WI-LAN Downgraded by Zacks to Underperform (WILN)
WI-LAN (NASDAQ:WILN) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report released on Thursday, AnalystRatingsNetwork.com reports. They currently have a $2.80 target price on the stock. Zacks‘s price objective would suggest a potential downside of 6.67% from the company’s current price.
WI-LAN (NASDAQ:WILN) traded up 1.10% on Thursday, hitting $3.033. The stock had a trading volume of 29,166 shares. WI-LAN has a 1-year low of $2.85 and a 1-year high of $4.85. The stock has a 50-day moving average of $2.99 and a 200-day moving average of $3.20. The company’s market cap is $363.7 million.
WI-LAN (NASDAQ:WILN) last announced its earnings results on Thursday, January 30th. The company reported $0.14 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.12 by $0.02. The company had revenue of $29.20 million for the quarter, compared to the consensus estimate of $28.41 million. On average, analysts predict that WI-LAN will post $0.39 earnings per share for the current fiscal year.
Separately, analysts at BMO Capital Markets cut their price target on shares of WI-LAN from $4.00 to $3.50 in a research note on Friday, January 31st. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $3.15.
Wi-LAN Inc (NASDAQ:WILN) is a licensing company.
To view Zacks’ full report, visit Zacks’ official website.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.