UTStarcom (NASDAQ:UTSI – Get Free Report) released its earnings results on Tuesday. The Wireless communications provider reported ($0.23) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $2.17 million for the quarter.
UTStarcom Stock Performance
Shares of UTStarcom stock opened at $2.44 on Thursday. The stock’s 50-day simple moving average is $2.45 and its 200-day simple moving average is $2.45. UTStarcom has a 52 week low of $1.84 and a 52 week high of $2.94.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of UTStarcom in a research report on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, UTStarcom presently has an average rating of “Sell”.
About UTStarcom
UTStarcom, Inc (NASDAQ: UTSI) is a global provider of broadband networking and telecommunication solutions. Its product portfolio includes carrier-grade packet optical transport systems, microwave transmission equipment, mobile access radios, small cells and related software platforms. The company serves telecommunications carriers, internet service providers, enterprise networks and government agencies with end-to-end infrastructure designed to support 4G and 5G deployments, fixed broadband access and intelligent connectivity applications.
Founded in 1991, UTStarcom established its reputation in the late 1990s and early 2000s by supplying digital subscriber line access multiplexers (DSLAMs) and broadband routers to operators worldwide.
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