Streetbeat News

UTSI

UTStarcom Holdings Corp.

https://www.utstar.com

Industry

Communication Equipment

UTStarcom Holdings Corp. operates as a telecom infrastructure provider to develop technology for bandwidth from cloud-based services, mobile, streaming, and other applications in China, India, Japan, Taiwan, and internationally. The company's products include packet transport network, packet aggregation network, multi-services access network, fiber to the X, carrier Wi-Fi solutions, and software defined network controller products. It serves telecommunications and cable service providers. The company was founded in 1991 and is based in Hangzhou, the People's Republic of China.

Open

2.69

Mkt cap

25M

Volume

407

High

2.69

P/E Ratio

-6.26

52-wk high

3.70

Low

2.69

Div yield

N/A

52-wk low

2.20

Technology sector shares are rising, driven by market strength and positive sentiment towards NVIDIA and other chip stocks. Vice President Harris's comments at the ABC 2024 Presidential Debate about investing in American technology for AI and quantum computing further boost the sector.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 7:15 pm

UTStarcom reported a half-year EPS of $(0.22), unchanged from the previous year. Total revenues decreased to $5.7 million from $6.5 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 10:27 am

In Monday's intraday session, several information technology stocks experienced significant movements. Notably, Strong Global (SGE) saw a 100.8% increase, while Perficient (PRFT) rose by 52.8% following their Q1 earnings release. Other gainers included DatChat (DATS), Upland Software (UPLD), Marathon Digital Holdings (MARA), and My Size (MYSZ). On the downside, Meta Materials (MMAT) and ReAlpha Tech Corp (AIRE) led the losers, with declines of 20.4% and 10.55%, respectively. Other stocks that fell include Luna Innovations (LUNA), MicroCloud Hologram (HOLO), Saverone 2014 (SVRE), and UTStarcom Holdings (UTSI).

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 4:31 pm

The article reports on the intraday movement of 9 Information Technology stocks, highlighting both gainers and losers. UTStarcom Holdings, My Size, and CCSC Technology were among the gainers, with increases in their stock prices. On the losing end, Semantix, XTI Aerospace, UTime, Sequans Communications, Semilux International, and MicroCloud Hologram saw declines in their stock values. The movements reflect varying market capitalizations and recent company developments, such as quarterly earnings.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 4:39 pm

In Friday's pre-market session, several Information Technology stocks showed significant movement. Gainers included GRIID Infrastructure, Intellicheck, MariaDB, My Size, UTStarcom Holdings, and Materialise, with increases ranging from 7.63% to 26.4%. On the losing side, Abits Group, Bit Origin, SMX, Canaan, SoundHound AI, and MMTEC saw declines between 6.09% and 14.1%. Notably, Intellicheck's rise followed its Q4 earnings report.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 1:06 pm

UTStarcom reported a 12.1% increase in FY23 revenues, reaching $15.8M. The company also announced it ended the fiscal year with $59.6M in cash and equivalents.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 10:28 am

Several IT stocks experienced significant movement during Thursday's intraday session. Notable gainers included Aware (NASDAQ:AWRE), 8x8 (NASDAQ:EGHT), Weave Communications (NYSE:WEAV), Baijiayun Group (NASDAQ:RTC), Arteris (NASDAQ:AIP), and Palantir Technologies (NYSE:PLTR). On the other hand, Confluent (NASDAQ:CFLT), Procore Technologies (NYSE:PCOR), Tenable Holdings (NASDAQ:TENB), Belden (NYSE:BDC), Blackboxstocks (NASDAQ:BLBX), and UTStarcom Holdings (NASDAQ:UTSI) saw their stocks fall.

Portfolio Pulse from Benzinga Insights

November 02, 2023 | 5:31 pm

During Friday's intraday session, several information technology stocks experienced significant movements. Soluna Holdings, Datasea, UTStarcom Holdings, OMNIQ, Transphorm, and Quantum saw gains ranging from 7.52% to 11.4%. On the other hand, MMTEC, SolarEdge Technologies, Alpine 4 Holdings, Infobird Co, AMTD Digital, and Enphase Energy experienced losses ranging from 13.13% to 34.0%.

Portfolio Pulse from Benzinga Insights

October 20, 2023 | 5:31 pm

UTStarcom Holdings (NASDAQ:UTSI) reported a 15.79% increase in quarterly losses to $(0.22) per share, compared to $(0.19) per share last year. Sales also decreased by 13.05% to $6.51 million from $7.49 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 10:50 am

During Wednesday's intraday session, several information technology stocks experienced significant movements. Silicon Motion Technology (SIMO), Sigma Additive Solutions (SASI), Soluna Holdings (SLNH), UTStarcom Holdings (UTSI), VIA optronics (VIAO), and Phunware (PHUN) saw gains, while Inpixon (INPX), MaxLinear (MXL), Powerbridge Technologies (PBTS), SpringBig Holdings (SBIG), Rimini Street (RMNI), and UTime (UTME) experienced losses. MaxLinear's Q2 earnings were also released.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 5:30 pm

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