Westell Technologies (WSTL) Releases Earnings Results, Misses Expectations By $-0.02 EPS

Westell Technologies (WSTL) reported quarterly earnings results on Wednesday, Aug-10-2016. The company reported $-0.06 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $-0.04. The company posted revenue of $14.82 million in the period, compared to analysts expectations of $21.03 million. The company’s revenue was down -31.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.04 EPS.

Westell Technologies (WSTL) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $0.662 and reached the intraday high at $0.69. The bulls started the profit booking and pushed the shares to intraday low of $0.62. The trading session was marked by a volume range of 92,318 shares exchanging hands. The 52-week high of the shares is $1.51 and the 52-week low is $0.5299. The market cap of the company stands at $42 M and there are 6,12,50,863 shares in public circulation.

In a different news, on May 31, 2016, Oscar Hernandez (SVP Engineering& Outside Plant) purchased 20,000 shares at $0.90 per share price. According to the SEC, on May 31, 2016, Richard E Good (SVP, IN-Building Wireless) purchased 6,100 shares at $0.82 per share price. On Mar 2, 2016, Charles S. Bernstein (SVP Worldwide Sales) purchased 8,771 shares at $1.16 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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