Wi-LAN Inc (WILN) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Wi-LAN Inc (NASDAQ:WILN) (TSE:WIN) issued its quarterly earnings results on Thursday. The company reported $0.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.01. Wi-LAN had a return on equity of 4.62% and a net margin of 11.90%. The company had revenue of $30.20 million for the quarter, compared to the consensus estimate of $19.79 million. During the same quarter in the prior year, the business earned $0.13 EPS. Wi-LAN’s revenue was up 16.2% on a year-over-year basis.

Wi-LAN (NASDAQ:WILN) opened at 1.74 on Monday. The stock has a market cap of $206.26 million, a P/E ratio of 43.50 and a beta of 0.57. The stock has a 50 day moving average price of $1.67 and a 200-day moving average price of $1.60. Wi-LAN has a 12-month low of $1.27 and a 12-month high of $3.04.

Earnings History for Wi-LAN (NASDAQ:WILN)

ILLEGAL ACTIVITY WARNING: This article was originally reported by sleekmoney and is the sole property of of sleekmoney. If you are reading this article on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this article can be viewed at http://sleekmoney.com/wi-lan-inc-wiln-posts-quarterly-earnings-results-beats-estimates-by-0-01-eps/1657143.html.

WILN has been the topic of several recent research reports. Canaccord Genuity upgraded Wi-LAN to a “buy” rating in a report on Thursday, November 3rd. Paradigm Capital set a $5.00 price target on Wi-LAN and gave the stock a “buy” rating in a report on Saturday.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. O Shaughnessy Asset Management LLC bought a new position in shares of Wi-LAN during the second quarter worth approximately $7,057,000. Spark Investment Management LLC boosted its position in shares of Wi-LAN by 239.2% in the second quarter. Spark Investment Management LLC now owns 2,329,000 shares of the company’s stock worth $5,910,000 after buying an additional 1,642,400 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Wi-LAN by 18.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,624,290 shares of the company’s stock worth $10,232,000 after buying an additional 1,015,700 shares in the last quarter. Russell Investments Group Ltd. bought a new position in shares of Wi-LAN during the fourth quarter worth approximately $996,000. Finally, Royal Bank of Canada boosted its position in shares of Wi-LAN by 22.8% in the second quarter. Royal Bank of Canada now owns 1,491,701 shares of the company’s stock worth $3,789,000 after buying an additional 277,045 shares in the last quarter. Hedge funds and other institutional investors own 23.02% of the company’s stock.

About Wi-LAN

Wi-LAN Inc is a Canada-based patent licensing company, which focuses on intellectual property, and manages and licenses the patent portfolios of a number of companies. The Company operates in a number of markets, including automotive, digital television, Internet, medical, semiconductor and wireless communication technologies.

5 Day Chart for NASDAQ:WILN

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/wi-lan-inc-wiln-posts-quarterly-earnings-results-beats-estimates-by-0-01-eps/1657143.html

Receive News & Ratings for Wi-LAN Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wi-LAN Inc and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *