PC Tel Inc (PCTI) reported quarterly earnings results on Tuesday, Aug-2-2016. The company said it had a profit of $0.08 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.06. The company posted revenue of $24.20 million in the period, compared to analysts expectations of $24.00 million. The company’s revenue was down -12.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS.
Many Wall Street Analysts have commented on PC Tel Inc. Shares were Reiterated by Wunderlich on May 6, 2016 to “Buy” and Lowered the Price Target to $ 6 from a previous price target of $7 .
PC Tel Inc (PCTI) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $5.1 and reached the intraday high at $5.15. The bulls started the profit booking and pushed the shares to intraday low of $5.05. The trading session was marked by a volume range of 33,359 shares exchanging hands. The 52-week high of the shares is $7.19 and the 52-week low is $4.36. The market cap of the company stands at $88 M and there are 1,72,64,586 shares in public circulation.
Investors should note that on Jul 25, 2016, PC Tel Inc announced a cash dividend of $0.0500. The company’s management has announced Aug 4, 2016 as the ex-dividend date and fixed the record date on Aug 8, 2016. The payable date has been fixed on Aug 15, 2016.
In a different news, on May 12, 2016, Martin H Singer (CEO) purchased 25,000 shares at $4.78 per share price. According to the SEC, on Jun 4, 2015, Jeffrey A Miller (Sr VP, Global Sales CS) sold 9,000 shares at $7.36 per share price. On Mar 5, 2015, David A Neumann (Vice President, GM) purchased 2,000 shares at $8.51 per share price, according to the Form-4 filing with the securities and exchange commission.
PCTEL Inc. (PCTEL) delivers performance critical telecom solutions. PCTEL RF Solutions develops and provides test equipment software and engineering services for wireless networks. The Company operates in two segments: Connected Solutions and RF Solutions. The Connected Solutions segment designs and delivers performance critical antennas and site solutions for wireless networks globally. The RF Solutions segment develops and provides performance critical test equipment software and engineering services for wireless networks. Its antennas support wireless standards for cellular private and broadband networks. PCTEL antennas and site solutions support networks worldwide including SCADA for oil gas and utilities fleet management industrial operations healthcare small cell and network timing deployment defense public safety education and broadband access.