UTStarcom (UTSI) Earning Somewhat Favorable Press Coverage, Analysis Finds

Press coverage about UTStarcom (NASDAQ:UTSI) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. UTStarcom earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the Wireless communications provider an impact score of 46.5799279483426 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

A number of research analysts have recently commented on the company. Zacks Investment Research raised UTStarcom from a “hold” rating to a “buy” rating and set a $3.50 price objective on the stock in a report on Wednesday, October 18th. ValuEngine lowered UTStarcom from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Finally, Northland Securities set a $5.00 price objective on UTStarcom and gave the company a “buy” rating in a report on Saturday, November 25th.

UTStarcom (NASDAQ UTSI) opened at $5.50 on Tuesday. UTStarcom has a fifty-two week low of $1.66 and a fifty-two week high of $5.50.

UTStarcom (NASDAQ:UTSI) last issued its quarterly earnings data on Monday, November 20th. The Wireless communications provider reported $0.07 EPS for the quarter. The company had revenue of $26.03 million for the quarter. During the same quarter last year, the company posted ($0.04) earnings per share.

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UTStarcom Company Profile

UTStarcom Holdings Corp. provides broadband products, solution and services. The Company delivers broadband transport and access (both wireless fidelity (Wi-Fi) and fixed line) products and solutions, optimized for mobile backhaul, metro aggregation, broadband access and Wi-Fi data offloading. Its segments include Equipment, which is focused on its equipment sales, including network infrastructure and application products, and Services, which is engaged in providing services and support of its equipment products and also the new operational support segment.

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