PC Tel Inc (PCTI) is Reiterated by Wunderlich to Buy, Lowers Price Target to $ 6

PC Tel Inc (PCTI) was Reiterated by Wunderlich to “Buy” while Lowering the Price Target of the company shares to $ 6 from a previous price target of $7 . Wunderlich advised their investors in a research report released on May 6, 2016.

On the company’s financial health, PC Tel Inc reported $-0.03 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on May 5, 2016. Analyst had a consensus of $-0.01. The company had revenue of $21.07 million for the quarter, compared to analysts expectations of $22.50 million. The company’s revenue was down -20.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.05 EPS.

PC Tel Inc closed down -0.02 points or -0.45% at $4.39 with 20,567 shares getting traded on Wednesday. Post opening the session at $4.36, the shares hit an intraday low of $4.36 and an intraday high of $4.54 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Mar 11, 2016, Martin H Singer (CEO) purchased 5,000 shares at $5.24 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.

PC Tel Inc

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