UTStarcom Holdings Corp (NASDAQ:UTSI) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Brokers have set a 1 year consensus price target of $4.50 for the company and are predicting that the company will post ($0.04) EPS for the current quarter, according to Zacks. Zacks has also given UTStarcom an industry rank of 144 out of 256 based on the ratings given to its competitors.
A number of brokerages have weighed in on UTSI. TheStreet cut UTStarcom from a “c+” rating to a “d+” rating in a research note on Wednesday, May 15th. Zacks Investment Research cut UTStarcom from a “buy” rating to a “hold” rating in a research note on Saturday, August 10th. Finally, ValuEngine upgraded UTStarcom from a “hold” rating to a “buy” rating in a research note on Friday, July 12th.
UTStarcom (NASDAQ:UTSI) last issued its quarterly earnings data on Tuesday, August 13th. The Wireless communications provider reported $0.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.14. UTStarcom had a return on equity of 1.45% and a net margin of 1.25%. The company had revenue of $13.91 million during the quarter, compared to analysts’ expectations of $15.00 million. During the same quarter in the previous year, the business earned $0.01 earnings per share. On average, sell-side analysts predict that UTStarcom will post -0.1 earnings per share for the current year.
UTStarcom Holdings Corp. operates as a telecom infrastructure provider to develop technology for bandwidth from cloud-based services, mobile, streaming, and other applications worldwide. The company helps network operators to offer communication services for its customers. Its products line include various platforms that leverage its expertise in packet optical communications, routing and switching technologies, broadband access, wireless communications, and synchronization.
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