Why Westell Technologies, Inc. Shares Jumped
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Westell Technologies, rose more than 10% Thursday following a positive mention from analysts at Cowen Group.
So what: Westell is slated to announce fiscal third-quarter earnings next Tuesday, but a new research report from Cowen lists the company as one of the potential beneficiaries of higher-than-expected 2014 capital expenditures budgets from communications giants including AT&T, Verizon, and Comcast.
Now what: It's admittedly hard for analysts to get a grasp on exactly how Westell will perform, especially given its continued reluctance for providing forward quarterly guidance. In fact, that's part of the reason shares of Westell spiked by as much as 40% when it announced massively better-than-expected results three months ago. We'll see how things shape up next week, but if Cowen's correct, Westell shareholders could be very happy that they held on.
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The article Why Westell Technologies, Inc. Shares Jumped originally appeared on Fool.com.Steve Symington has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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