Westell Technologies (NASDAQ:WSTL) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report released on Saturday.

According to Zacks, “Westell Technologies Inc. designs, manufactures, markets and services a broad range of digital and analog products used by telcos to deliver services primarily over existing copper telephone wires that connect end users to a telco’s central office. The company also markets its products and services to other telecommunications and information service providers seeking direct access to end-user customers. The company’s customers include all the Regional Bell Operating Companies as well as GTE and other carriers. “

Separately, TheStreet upgraded 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. The stock had a trading volume of 47,601 shares, compared to its average volume of 61,995. Westell Technologies has a 1 year low of $2.28 and a 1 year high of $4.60. The stock has a market cap of $63.76, a PE ratio of -26.13 and a beta of 1.77.

Westell Technologies (NASDAQ:WSTL) last issued its quarterly earnings results on Wednesday, November 1st. The communications equipment provider reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.09. Westell Technologies had a positive return on equity of 4.84% and a negative net margin of 3.45%. The firm had revenue of $17.23 million for the quarter, compared to analysts’ expectations of $16.74 million. During the same quarter in the prior year, the firm earned ($0.02) EPS. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. equities analysts predict 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. Royce & Associates LP lifted its stake in shares of Westell Technologies Inc. (NASDAQ:WSTL) by 107.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 552,938 shares of the communications equipment provider’s stock after purchasing an additional 286,405 shares during the quarter. Royce & Associates LP owned 3.56% of Westell Technologies worth $1,642,000 as of its most recent SEC filing. Institutional investors and hedge funds 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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