Westell Technologies Price Target Cut to $4.00 (WSTL)
Analysts at Northland Securities lowered their target price on shares of Westell Technologies (NASDAQ:WSTL) from $5.90 to $4.00 in a research report issued to clients and investors on Friday. The firm currently has a “market perform” rating on the stock. Northland Securities’ price target suggests a potential upside of 54.44% from the company’s current price.
Westell Technologies (NASDAQ:WSTL) opened at 2.59 on Friday. Westell Technologies has a one year low of $1.96 and a one year high of $4.90. The stock has a 50-day moving average of $3.25 and a 200-day moving average of $3.73. The company’s market cap is $152.7 million.
Westell Technologies (NASDAQ:WSTL) last released its earnings data on Wednesday, May 21st. The company reported ($0.02) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.01 by $0.03. The company had revenue of $24.40 million for the quarter, compared to the consensus estimate of $23.81 million. During the same quarter last year, the company posted ($0.02) earnings per share. Westell Technologies’s revenue was up 129.0% compared to the same quarter last year. Analysts expect that Westell Technologies will post $0.14 EPS for the current fiscal year.
In other Westell Technologies news, VP Amy T. Forster unloaded 18,750 shares of Westell Technologies stock on the open market in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $3.18, for a total value of $59,625.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Westell Technologies, Inc is a holding company. The company operates in two segments: Westell and Customer Networking Solutions (NASDAQ:WSTL).
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