Why Westell Technologies (WSTL) Has A Bright Short-Term Future?


One company that should be on your radar is Westell Technologies, Inc. (WSTL). The stock of this Communication Equipment industry has seen its Zacks Rank surge over the past four weeks, moving from Neutral territory to its current position as a Strong Buy.

A key reason for this move has been the positive trend in the earnings estimate revisions picture. For WSTL’s full year estimate, we have seen 1 estimate go higher in the past 30 days, compared to no lower revision. This trend has helped the consensus estimate to narrow from a loss of 5 cents a share a month ago to its current level at a loss of 1 cent.

This positive shift in estimates has made some investors take notice and buy the stock. In fact, WSTL has seen some pretty solid trading lately, as the company has moved higher by 20.8% in the past month.

If Tesla can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put WSTL on your watch list for the future.

Other top-ranked stocks worth considering in this space include Crown Castle International Corp. (CCI), Arris Enterprises, Inc. (ARRS) and CommScope Holding Company, Inc. (COMM). While Crown Castle and Arris carry a Zacks Rank #1 (Strong Buy), CommScope holds a Zacks Rank #2 (Buy).

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