PC-Tel (PCTI) Given Daily Coverage Optimism Rating of 0.15

Media stories about PC-Tel (NASDAQ:PCTI) have been trending somewhat positive recently, according to Accern. Accern rates the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. PC-Tel earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned media stories about the Wireless communications provider an impact score of 47.1343104627358 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Separately, B. Riley reaffirmed a “buy” rating and set a $9.00 price target on shares of PC-Tel in a research report on Friday, August 4th.

PC-Tel (PCTI) opened at $7.48 on Thursday. The firm has a market cap of $131.71, a P/E ratio of 67.54 and a beta of 0.62. PC-Tel has a 12-month low of $4.90 and a 12-month high of $8.48.

PC-Tel (NASDAQ:PCTI) last announced its quarterly earnings results on Wednesday, November 8th. The Wireless communications provider reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. PC-Tel had a negative net margin of 4.86% and a positive return on equity of 2.14%. The firm had revenue of $23.70 million for the quarter, compared to analysts’ expectations of $23.11 million. During the same period in the previous year, the company posted $0.07 earnings per share. PC-Tel’s revenue was up 13.4% compared to the same quarter last year. research analysts predict that PC-Tel will post 0.12 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 8th were given a dividend of $0.055 per share. The ex-dividend date was Tuesday, November 7th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.94%. PC-Tel’s payout ratio is currently -75.86%.

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About PC-Tel

PCTEL, Inc (PCTEL) delivers telecom solutions. The Company operates in two segments: Connected Solutions and RF Solutions. The RF Solutions segment develops and provides test equipment, software and engineering services for wireless networks. The Connected Solutions segment designs and delivers antennas and site solutions for wireless networks globally.

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