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Last $2.01 USD
Change Today +0.09 / 4.69%
Volume 129.6K
UTSI On Other Exchanges
Symbol
Exchange
NASDAQ GS
Mexico
As of 8:10 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

utstarcom holdings corp (UTSI) Snapshot

Open
$1.95
Previous Close
$1.92
Day High
$2.05
Day Low
$1.94
52 Week High
09/9/14 - $3.58
52 Week Low
05/8/15 - $1.60
Market Cap
78.4M
Average Volume 10 Days
68.8K
EPS TTM
$-0.53
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 SOO network (software-defined open packet optical) solution, which helps telecom operators to address the challenges related to the growth of mobile and cloud services, media streaming, and social networking, as well as new applications and services. It also provides Wi-Fi products, such as a solution for a managed wireless access network, including multi-service gateways, network management systems, and Wi-Fi access points for carrier and MSO markets, as well as various deployment scenarios, including 3G/4G data offloading based on Wi-Fi technology; and a range of services comprising 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 Admiralty, Hong Kong.

562 Employees
Last Reported Date: 05/19/15
Founded in 1991

utstarcom holdings corp (UTSI) Top Compensated Officers

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Executives, Board Directors

utstarcom holdings corp (UTSI) Key Developments

UTStarcom Holdings Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Revenue Guidance for the Third Quarter of 2015

UTStarcom Holdings Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net sales of $30,786,000 against $31,897,000 a year ago. Operating loss was $3,101,000 against $2,823,000 a year ago. Loss before income taxes was $1,708,000 compared to $4,728,000 last year. Net income attributable to the company was $2,852,000 or $0.08 per basic share compared to net loss attributable to the company of $4,587,000 or $0.12 per basic share last year. Net cash used in operating activities was $4,335,000 compared to $3,465,000 last year. Additions to property, plant and equipment was $434,000 compared to $526,000 last year. Non-GAAP revenue was $16,699,000 compared to $31,874,000 last year. Non-GAAP operating loss was $8,994,000 compared to $2,215,000 last year. Non-GAAP net loss attributable to the company was $867,000 or $0.02 per basic share compared to $3,979,000 or $0.11 per basic share last year. The sequential revenue decrease was due to a decline in PTN sales and the proactive realignment in the third-party sales. The sequential margin improvement was due to favorable product mix. For the six months, the company reported net sales of $63,743,000 against $64,241,000 a year ago. Operating loss was $6,243,000 against $6,124,000 a year ago. Loss before income taxes was $7,216,000 compared to $8,452,000 last year. Net loss attributable to the company was $2,539,000 or $0.07 per basic share compared to $7,877,000 or $0.21 per basic share last year. Net cash used in operating activities was $13,503,000 compared to $6,581,000 last year. Additions to property, plant and equipment was $813,000 compared to $535,000 last year. Non-GAAP revenue was $49,146,000 compared to $64,195,000 last year. Non-GAAP operating loss was $11,911,000 compared to $5,015,000 last year. Non-GAAP net loss attributable to the company was $6,033,000 or $0.16 per basic share compared to $6,768,000 or $0.18 per basic share last year. For the third quarter of 2015, the company expects to generate non-GAAP revenue in the range of $18 million to $22 million.

UTStarcom Announces Launch of Virtual Gateway Labs

UTStarcom announced that on June 30, 2015, it launched a new standalone entity, Virtual Gateway Labs (VGL). VGL is a spin-off of UTStarcom’s virtual broadband gateway business, focusing on enterprise customers in the U.S. market. UTStarcom will own 75% of VGL and VGL employees will own the remaining 25%. VGL will have employees in both San Jose, California and Hangzhou, China. UTStarcom believes that creating a separate streamlined entity will allow VGL to focus on niche offerings and achieve success in the U.S. at an accelerated pace. VGL develops products that allow seamless access and aggregation at the edge of the network. VGL’s platform will help fuel tomorrow’s open access network when broadband will be more than just the Internet, and offering a new variety of virtual services such as emergency communications, interactive entertainment, home automation, smart grid and connected sensor systems.

UTStarcom Holdings Corp. to Report Q2, 2015 Results on Aug 14, 2015

UTStarcom Holdings Corp. announced that they will report Q2, 2015 results at 9:00 AM, Eastern Standard Time on Aug 14, 2015

 

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UTSI

Industry Average

Valuation UTSI Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.6x
Price/Book 0.7x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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