UTStarcom (NASDAQ:UTSI) released its earnings results on Friday. The Wireless communications provider reported ($0.09) EPS for the quarter, RTT News reports. The firm had revenue of $18.24 million during the quarter, compared to analysts’ expectations of $28.00 million.
UTStarcom (NASDAQ UTSI) opened at $5.25 on Friday. The company has a market capitalization of $186.11, a P/E ratio of 262.50 and a beta of 0.17. UTStarcom has a 52 week low of $1.72 and a 52 week high of $6.51.
Separately, Northland Securities set a $5.00 target price on UTStarcom and gave the company a “buy” rating in a research note on Saturday, November 25th.
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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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