WI-LAN (WILN) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS
WI-LAN (NASDAQ:WILN) announced its earnings results on Wednesday. The company reported $0.14 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.10 by $0.04, StockRatingsNetwork.com reports. The company had revenue of $25.70 million for the quarter, compared to the consensus estimate of $21.53 million. The company’s quarterly revenue was up 32.5% on a year-over-year basis.
Shares of WI-LAN (NASDAQ:WILN) traded up 2.87% on Wednesday, hitting $3.23. The stock had a trading volume of 144,970 shares. WI-LAN has a 52-week low of $2.85 and a 52-week high of $4.61. The stock has a 50-day moving average of $3.11 and a 200-day moving average of $3.08. The company’s market cap is $387.4 million.
A number of research firms have recently commented on WILN. Analysts at Zacks upgraded shares of WI-LAN from a “neutral” rating to an “outperform” rating in a research note on Monday, June 23rd. They now have a $3.40 price target on the stock. On the ratings front, analysts at TheStreet upgraded shares of WI-LAN from a “sell” rating to a “hold” rating in a research note on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $3.45.
Wi-LAN Inc (NASDAQ:WILN) is a licensing company.
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