UTStarcom (UTSI) Receiving Somewhat Positive Media Coverage, Accern Reports

Headlines about UTStarcom (NASDAQ:UTSI) have trended somewhat positive recently, according to Accern. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. UTStarcom earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned news articles about the Wireless communications provider an impact score of 47.8916026275499 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

A number of research analysts have recently commented on the company. TheStreet downgraded UTStarcom from a “c” rating to a “d+” rating in a research report on Monday, May 14th. ValuEngine upgraded UTStarcom from a “hold” rating to a “buy” rating in a research report on Wednesday, July 18th.

UTSI traded up $0.02 during trading on Friday, reaching $3.68. The company had a trading volume of 19,594 shares, compared to its average volume of 21,908. UTStarcom has a 52 week low of $2.00 and a 52 week high of $6.51.

UTStarcom (NASDAQ:UTSI) last issued its quarterly earnings results on Friday, May 11th. The Wireless communications provider reported $0.11 earnings per share (EPS) for the quarter. UTStarcom had a return on equity of 3.16% and a net margin of 2.71%. The company had revenue of $22.59 million during the quarter. During the same quarter in the prior year, the business earned $0.15 earnings per share.

About UTStarcom

UTStarcom Holdings Corp., together with its subsidiaries, operates as a telecom infrastructure provider to develop technology for bandwidth from cloud-based services, mobile, streaming, and other applications. The company offers broadband packet optical transport and wireless/fixed-line access products and solutions.

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