Westell Technologies (WSTL) Releases Earnings Results, Misses Expectations By $-0.01 EPS

Westell Technologies (WSTL) reported quarterly earnings results on Wednesday, May-18-2016. The company reported $-0.04 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $-0.03. The company posted revenue of $20.90 million in the period, compared to analysts expectations of $22.84 million. The company’s revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.09 EPS.

Westell Technologies opened for trading at $1.1 and hit $1.15 on the upside on Monday, eventually ending the session at $1.14, with a gain of 2.70% or 0.03 points. The heightened volatility saw the trading volume jump to 30,581 shares. Company has a market cap of $70 M.

In a different news, on Mar 2, 2016, Charles S. Bernstein (SVP Worldwide Sales) purchased 8,771 shares at $1.16 per share price. According to the SEC, on Feb 25, 2016, John Thomas Gruenwald (CEO) purchased 8,617 shares at $1.15 per share price. On Jun 1, 2015, Thomas P. Minichiello (CFO) purchased 20,000 shares at $1.04 per share price, according to the Form-4 filing with the securities and exchange commission.

Westell Technologies Inc. is a provider of in-building wireless intelligent site management cell site optimization and outside plant solutions. The Company’s offers its products and solutions to carriers integrators and other network operators. The Company operates in two segments: In-Building Wireless (IBW) and Communication Solutions Group (CSG). The Company’s segments are engaged in the design development assembly and marketing of a variety of products and solutions. The Company’s IBW segment solutions include distributed antenna systems (DAS) conditioners high-performance digital repeaters and bi-directional amplifiers (BDAs) and system components and antennas. The Company’s CSG segment solutions include intelligent site management (ISM) cell site optimization (CSO) and outside plant (OSP).

Westell Technologies

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