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

Brokers have set a twelve-month consensus price objective of $5.75 for the company and are expecting that the company will post $0.03 EPS for the current quarter, according to Zacks. Zacks has also given Westell Technologies an industry rank of 105 out of 265 based on the ratings given to related companies.

WSTL has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Westell Technologies from a “hold” rating to a “strong-buy” rating and set a $4.00 target price for the company in a research note on Wednesday, November 8th. TheStreet raised shares of Westell Technologies from a “d+” rating to a “c-” rating in a research note on Friday, December 15th.

Shares of Westell Technologies (WSTL) traded down $0.18 during midday trading on Friday, hitting $3.92. 47,601 shares of the company’s stock were exchanged, compared to its average volume of 68,300. Westell Technologies has a fifty-two week low of $2.28 and a fifty-two week high of $4.60. The company has a market capitalization of $61.14, a P/E ratio of -26.13 and a beta of 1.77.

Westell Technologies (NASDAQ:WSTL) last announced its earnings results on Wednesday, November 1st. The communications equipment provider reported $0.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.09. Westell Technologies had a negative net margin of 3.45% and a positive return on equity of 4.84%. The business had revenue of $17.23 million during the quarter, compared to the consensus estimate of $16.74 million. During the same quarter last year, the firm earned ($0.02) earnings per share. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. equities research analysts anticipate that Westell Technologies will post 0.23 earnings per share for the current year.

An institutional investor recently raised its position in Westell Technologies stock. Essex Investment Management Co. LLC lifted its position in shares of Westell Technologies Inc. (NASDAQ:WSTL) by 160.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 130,162 shares of the communications equipment provider’s stock after acquiring an additional 80,120 shares during the period. Essex Investment Management Co. LLC owned approximately 0.85% of Westell Technologies worth $387,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 28.36% of the company’s stock.

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Westell Technologies Company Profile

Westell Technologies, Inc is a provider of in-building wireless, intelligent site management, cell site optimization and outside plant solutions. The Company’s set of products and solutions are designed to manage network performance for carriers, integrators and other network operators. The Company operates in two segments: In-Building Wireless (IBW) and Communication Solutions Group (CSG).

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