Last $2.58 USD
Change Today -0.08 / -3.01%
Volume 57.5K
UTSI On Other Exchanges
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As of 5:20 PM 11/24/14 All times are local (Market data is delayed by at least 15 minutes).

utstarcom holdings corp (UTSI) Snapshot

Open
$2.62
Previous Close
$2.66
Day High
$2.67
Day Low
$2.58
52 Week High
09/9/14 - $3.58
52 Week Low
05/20/14 - $2.42
Market Cap
100.7M
Average Volume 10 Days
29.1K
EPS TTM
$-0.66
Shares Outstanding
39.0M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for UTSTARCOM HOLDINGS CORP (UTSI)

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utstarcom holdings corp (UTSI) Details

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. It focuses on delivering carrier-class broadband transport and access products and solutions optimized for mobile backhaul, metro aggregation, broadband access, and Wi-Fi data offloading. The company offers optical transport products, such as packet transport network product lines and multi-services transport platform product line that convert and translate data, video, voice, or other traffic into an optical signal that is transmitted over glass fiber; and broadband access product family, including various IP-based products that help network operators to reach their customers in a suitable way through a choice of technologies and their combinations, such as wireless and fixed line solutions. It also provides Wi-Fi products, such as a solution for a managed wireless access network, including multi-service gateway and carrier-grade Wi-Fi access points; gigabit Ethernet capable passive optical network products; and multi services access network that offers a range of services, including IPTV, high-speed Internet access, POTS, ISDN, VoIP, over twisted pair copper, and optical fiber. The company was founded in 1991 and is based in Hong Kong, Hong Kong.

607 Employees
Last Reported Date: 04/18/14
Founded in 1991

utstarcom holdings corp (UTSI) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

utstarcom holdings corp (UTSI) Key Developments

UTStarcom Holdings Corp. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Revenue Guidance for the Fourth Quarter of 2014 and Full Year 2014

UTStarcom Holdings Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net sales of $32,300,000 compared to $41,217,000 a year ago. Operating loss was $1,883,000 compared to operating income of $190,000 a year ago. The increase in operating loss was attributable to the increased mix of relatively lower margin products. Loss before income taxes was $7,296,000 compared to $1,275,000 a year ago. Net loss attributable to the company was $8,221,000 or $0.22 per basic share compared to net income attributable to the company of $433,000 or $0.01 per basic share a year ago. Net cash provided by operating activities was $523,000 compared to $3,658,000 a year ago. Additions to property, plant and equipment were $650,000 compared to $664,000 a year ago. The increase in net loss was partially due to the $2.8 million impairment loss from the loan receivables from ESA and $1.5 impairment loss related to the investment in Cortina. For the nine months period, the company reported net sales of $96,541,000 compared to $126,135,000 a year ago. Operating loss was $8,008,000 compared to $4,661,000 a year ago. Loss before income taxes was $15,749,000 compared to $6,531,000 a year ago. Net loss attributable to the company was $16,099,000 or $0.43 per basic share compared to $6,667,000 or $0.17 per basic share a year ago. Net cash used in operating activities was $6,059,000 compared to net cash provided by operating activities of $1,913,000 a year ago. Additions to property, plant and equipment were $1,185,000 compared to $2,989,000 a year ago. The company anticipates total revenues in the fourth quarter of 2014 to be in the range of $25 million to $30 million. For the year 2015, the company currently expects to achieve double-digit growth in revenue for the full year. This will be driven by demand from existing and new customers for new and higher margin optical transport products together with Wi-Fi and SDN products, which are expected to result in significant revenue contribution beginning in the second half of 2015.

UTStarcom Appoints Tetsuzo Matsumoto as Independent Director

UTStarcom announced that its board of directors has appointed Mr. Tetsuzo Matsumoto as a new independent director of the company, effective November 12, 2014. He is currently a Senior Advisor to Softbank Mobile Corp. and the CEO of Japan Link Corp.

UTStarcom Holdings Corp., Q3 2014 Earnings Call, Nov 14, 2014

UTStarcom Holdings Corp., Q3 2014 Earnings Call, Nov 14, 2014

 

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UTSI

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Valuation UTSI Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.7x
Price/Book 0.8x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.1x
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