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UTStarcom (UTSI)


Market Price (6/14/2026): $3.03 | Market Cap: $27.0 MilSector: Information Technology | Industry: Communications Equipment

UTStarcom (UTSI)


Market Price (6/14/2026): $3.03
Market Cap: $27.0 Mil
Sector: Information Technology
Industry: Communications Equipment

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -121%

Trading close to highs
Dist 52W High is -3.5%

Weak multi-year price returns
2Y Excs Rtn is -13%, 3Y Excs Rtn is -86%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -5.0 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -7.6%

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -43%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.9%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -37%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -38%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -18%

Key risks
UTSI key risks include [1] significant revenue decline and persistent losses driving a high cash burn rate, Show more.

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -121%
1 Trading close to highs
Dist 52W High is -3.5%
2 Weak multi-year price returns
2Y Excs Rtn is -13%, 3Y Excs Rtn is -86%
3 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -5.0 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -7.6%
4 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -43%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.9%
5 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -37%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -38%
6 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -18%
7 Key risks
UTSI key risks include [1] significant revenue decline and persistent losses driving a high cash burn rate, Show more.

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 6/11/2026

UTStarcom (UTSI) stock has gained about 30% since 2/28/2026 because of the following key factors:

1. Strategic Pivot to AI Networking. On March 24, 2026, UTStarcom announced a strategic pivot to AI Networking, leveraging its optical networking and intelligent network automation expertise. This initiative focuses on developing comprehensive Optical Circuit Switching (OCS) solutions tailored for AI Data Centers, with a functional prototype anticipated in the second half of fiscal year 2026, aiming to address critical infrastructure demands for massive bandwidth and lower latency.

2. Market Speculation on Future Growth. Despite reporting a net loss of $7.95 million for fiscal year 2025, as announced on March 24, 2026, the stock experienced an approximate 35% gain since February 28, 2026. This upward trend was largely driven by speculative investor interest, anticipating future growth and market share in the high-growth AI infrastructure sector, rather than reflecting strong recent financial performance.

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Stock Movement Drivers

Fundamental Drivers

The 30.7% change in UTSI stock from 2/28/2026 to 6/13/2026 was primarily driven by a 30.7% change in the company's P/S Multiple.
(LTM values as of)22820266132026Change
Stock Price ($)2.433.1730.7%
Change Contribution By: 
Total Revenues ($ Mil)66660.0%
P/S Multiple0.30.430.7%
Shares Outstanding (Mil)990.0%
Cumulative Contribution30.7%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 6/13/2026
ReturnCorrelation
UTSI30.7% 
Market (SPY)8.4%-2.6%
Sector (XLK)33.3%-5.9%

Fundamental Drivers

The 27.0% change in UTSI stock from 11/30/2025 to 6/13/2026 was primarily driven by a 27.0% change in the company's P/S Multiple.
(LTM values as of)113020256132026Change
Stock Price ($)2.503.1727.0%
Change Contribution By: 
Total Revenues ($ Mil)66660.0%
P/S Multiple0.30.427.0%
Shares Outstanding (Mil)990.0%
Cumulative Contribution27.0%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 6/13/2026
ReturnCorrelation
UTSI27.0% 
Market (SPY)9.2%4.0%
Sector (XLK)29.5%5.3%

Fundamental Drivers

The 21.6% change in UTSI stock from 5/31/2025 to 6/13/2026 was primarily driven by a 21.6% change in the company's P/S Multiple.
(LTM values as of)53120256132026Change
Stock Price ($)2.613.1721.6%
Change Contribution By: 
Total Revenues ($ Mil)66660.0%
P/S Multiple0.40.421.6%
Shares Outstanding (Mil)990.0%
Cumulative Contribution21.6%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2025 to 6/13/2026
ReturnCorrelation
UTSI21.6% 
Market (SPY)27.3%4.4%
Sector (XLK)61.0%3.5%

Fundamental Drivers

The -18.6% change in UTSI stock from 5/31/2023 to 6/13/2026 was primarily driven by a -18.6% change in the company's P/S Multiple.
(LTM values as of)53120236132026Change
Stock Price ($)3.903.17-18.6%
Change Contribution By: 
Total Revenues ($ Mil)66660.0%
P/S Multiple0.50.4-18.6%
Shares Outstanding (Mil)990.0%
Cumulative Contribution-18.6%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2023 to 6/13/2026
ReturnCorrelation
UTSI-18.6% 
Market (SPY)84.5%1.6%
Sector (XLK)129.7%2.1%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
UTSI Return-37%2%-3%-16%-12%30%-40%
Peers Return72%-17%-21%24%40%44%182%
S&P 500 Return27%-19%24%23%16%8%97%

Monthly Win Rates [3]
UTSI Win Rate25%42%25%42%50%67% 
Peers Win Rate55%40%47%55%57%53% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
UTSI Max Drawdown-64%-37%-37%-33%-32%-12% 
Peers Max Drawdown-31%-50%-52%-35%-40%-29% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: CIEN, CALX, ADTN, EXTR, RBBN.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/12/2026 (YTD)

How Low Can It Go

EventUTSIS&P 500
2025 US Tariff Shock
  % Loss-16.0%-18.8%
  % Gain to Breakeven19.0%23.1%
  Time to Breakeven15 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-12.1%-9.5%
  % Gain to Breakeven13.8%10.5%
  Time to Breakeven5 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-30.9%-24.5%
  % Gain to Breakeven44.8%32.4%
  Time to Breakeven40 days427 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-33.6%-19.2%
  % Gain to Breakeven50.6%23.8%
  Time to Breakeven50 days105 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-15.1%-3.7%
  % Gain to Breakeven17.8%3.9%
  Time to Breakeven42 days6 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-10.5%-12.2%
  % Gain to Breakeven11.7%13.9%
  Time to Breakeven7 days62 days

Compare to CIEN, CALX, ADTN, EXTR, RBBN

In The Past

UTStarcom's stock fell -16.0% during the 2025 US Tariff Shock. Such a loss loss requires a 19.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

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EventUTSIS&P 500
2022 Inflation Shock & Fed Tightening
  % Loss-30.9%-24.5%
  % Gain to Breakeven44.8%32.4%
  Time to Breakeven40 days427 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-33.6%-19.2%
  % Gain to Breakeven50.6%23.8%
  Time to Breakeven50 days105 days
2014-2016 Oil Price Collapse
  % Loss-42.4%-6.8%
  % Gain to Breakeven73.6%7.3%
  Time to Breakeven833 days15 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-38.2%-17.9%
  % Gain to Breakeven61.8%21.8%
  Time to Breakeven23 days123 days
2008-2009 Global Financial Crisis
  % Loss-77.3%-53.4%
  % Gain to Breakeven341.3%114.4%
  Time to Breakeven387 days1085 days
Summer 2007 Credit Crunch
  % Loss-51.0%-8.6%
  % Gain to Breakeven104.2%9.5%
  Time to Breakeven302 days47 days

Compare to CIEN, CALX, ADTN, EXTR, RBBN

In The Past

UTStarcom's stock fell -16.0% during the 2025 US Tariff Shock. Such a loss loss requires a 19.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About UTStarcom (UTSI)

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, as well as smart retail 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.

AI Analysis | Feedback

  • Nokia or Ericsson, but focused on providing network infrastructure to telecom and cable companies.
  • Cisco Systems or Juniper Networks, but specializing in the core network technology for large internet service providers.

AI Analysis | Feedback

The major products of UTStarcom (UTSI) are:
  • Packet Transport Network: Technology and infrastructure for efficiently moving data packets across a network.
  • Packet Aggregation Network: Solutions for consolidating multiple data streams into a single, high-capacity link.
  • Multi-Services Access Network: Systems that allow various types of services (voice, data, video) to be delivered over a single access infrastructure.
  • Fiber to the X (FTTx): Fiber optic solutions that bring broadband services closer to the end-user, such as fiber to the home or curb.
  • Carrier Wi-Fi Solutions: Enterprise-grade Wi-Fi systems designed for telecommunications carriers to provide extensive wireless coverage.
  • Software Defined Network (SDN) Controller Products: Software and hardware that centralize control and management of network infrastructure.
  • Smart Retail Products: Solutions aimed at enhancing retail operations through technology.

AI Analysis | Feedback

UTStarcom (UTSI) sells primarily to other companies, specifically telecommunications and cable service providers.

Based on their recent financial disclosures, UTStarcom's major customers include:

  • China Unicom (specifically through its subsidiary China Unicom Global Limited) (NYSE: CHU, HKEX: 0762.HK)
  • BSNL (Bharat Sanchar Nigam Limited)

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null

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Hua Li, Chief Executive Officer & Director

Mr. Hua Li serves as the Chief Executive Officer and a Director of UTStarcom Holdings Corp..

Danjun Xie, Chief Financial Officer

Mr. Danjun Xie holds the position of Chief Financial Officer at UTStarcom Holdings Corp..

Dr. Lingrong Lu, Chief Technology Officer

Dr. Lingrong Lu is the Chief Technology Officer of UTStarcom Holdings Corp..

Yinghua Chen, Chief Human Resource Officer

Ms. Yinghua Chen serves as the Chief Human Resource Officer for UTStarcom Holdings Corp..

Fei Wang, Director of Investor Relations

Ms. Fei Wang is the Director of Investor Relations at UTStarcom Holdings Corp..

AI Analysis | Feedback

UTStarcom Holdings Corp. (UTSI) faces several key risks inherent to its business as a global telecom infrastructure provider. These risks are primarily driven by the dynamic nature of the telecommunications industry, global supply chain complexities, and the company's international operational footprint. The most significant risks to UTStarcom's business include: 1. **Failure to Adapt to Technological Shifts and Intense Competition.** The telecommunications industry is characterized by rapid technological advancements and fierce competition. UTStarcom's ability to remain competitive hinges on its capacity to anticipate new technological trends, such as 5G, Software-Defined Networking (SDN), and Network Function Virtualization (NFV), and to develop innovative products and solutions that meet evolving market needs in a timely manner. A failure to do so could lead to a loss of market share and declining revenues. 2. **Supply Chain Dependence and Disruptions.** As a provider of network infrastructure products, UTStarcom relies on a global supply chain for components and manufacturing partners. The company faces risks associated with the concentration of suppliers, potential disruptions in the supply chain, shipping delays, shortages of materials or components, challenges in quality control, and the impact of regulatory changes. Such issues can significantly harm UTStarcom's ability to produce and deliver its products efficiently, increase costs, and ultimately affect its financial condition and operating results. 3. **Dependence on International Sales and Geopolitical Risks.** UTStarcom derives a significant portion of its revenues from international sales, operating in regions such as China, India, Japan, and Taiwan. This global presence exposes the company to various risks, including adverse global and regional economic conditions, fluctuations in currency exchange rates, changes in trade policies, tariffs, and other regulatory requirements that vary by jurisdiction. Geopolitical tensions or instability in key markets could also adversely affect its business, financial condition, and operating results.

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The shift towards open, disaggregated, and virtualized network architectures, such as Open RAN and white-box networking, which allows telecommunication and cable service providers to utilize generic hardware and open-source or multi-vendor software components, thereby reducing the demand for proprietary, integrated hardware and software products like those offered by UTStarcom.

AI Analysis | Feedback

UTStarcom (symbol: UTSI) operates as a telecom infrastructure provider with a range of products and services. The addressable markets for their main products are as follows:

  • Fiber to the X (FTTX): The global Fiber to the X market was valued at approximately USD 15.22 billion in 2024 and is projected to reach nearly USD 26.74 billion by 2032, with a compound annual growth rate (CAGR) of 7.3% from 2025 to 2032. Another estimate places the global market at USD 14.2 billion in 2024, growing to USD 29.84 billion by 2033 with an 8.6% CAGR. The Asia-Pacific region dominated the global FTTX market in 2024, driven by large-scale government initiatives in countries such as China, India, Japan, and South Korea. China is the largest market within Asia-Pacific, accounting for approximately 60% of the regional share, followed by Japan at around 15%.
  • Carrier Wi-Fi Solutions: The global carrier Wi-Fi equipment market was valued at USD 6.6 billion in 2024 and is projected to grow at a CAGR of 6.2% between 2025 and 2034, reaching USD 11.8 billion by 2034. Another report estimates the global market at USD 5.3 billion in 2023, projected to reach USD 17.8 billion by 2030, growing at a CAGR of 18.8%. In Asia-Pacific, China accounted for the largest revenue share of 34.59% in the carrier Wi-Fi equipment market in 2024, with India growing at a 7.8% CAGR and China at an 8.4% CAGR.
  • Software Defined Network (SDN) Controller Products: The global Software Defined Networking market size was valued at USD 45.21 billion in 2025 and is projected to reach USD 203.86 billion by 2034, exhibiting a CAGR of 18.22% during the forecast period. The Asia Pacific market is expected to demonstrate significant growth, with China leading with a 23.0% CAGR from 2025 to 2035 and India following at 21.3%. In 2022, the China market dominated the Asia Pacific Software Defined Networking Market, projected to reach USD 5,366 million by 2030.
  • Smart Retail Products: The global smart retail market size was estimated at USD 43.13 billion in 2024 and is projected to reach USD 450.69 billion by 2033, growing at a CAGR of 30.3% from 2025 to 2033. The Asia Pacific smart retail market size was valued at USD 13.05 billion in 2024 and is projected to grow to USD 198.16 billion by 2034, with a CAGR of 31.3% during 2025–2034. China dominated the Asia Pacific smart retail market revenue share in 2024, projected to reach USD 15,650.1 million by 2030.
  • Packet Transport Network (PTN) Equipment: The global packet transport network (PTN) equipment market is valued at approximately USD 5.2 billion in 2024 and is anticipated to reach around USD 8.9 billion by 2033, reflecting a CAGR of 7.5% from 2025 to 2033.
  • Packet Aggregation Network (represented by Network Packet Broker and Aggregation Services Routers): The global network packet broker market size was valued at USD 814.27 million in 2024 and is expected to reach USD 1575.46 million by 2032, at a CAGR of 8.60%. Another estimate places the global network packet broker market at approximately USD 800 million in 2023, projected to reach around USD 2,500 million by 2032, growing at a CAGR of 14.2%. The global market for Aggregation Services Routers was estimated to be worth US$ 867 million in 2025 and is projected to reach US$ 1246 million, growing at a CAGR of 5.4% from 2026 to 2032.

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Expected Drivers of Future Revenue Growth for UTStarcom (UTSI)

  • Expansion in 5G Transport Network Solutions and Advanced Network Technologies: UTStarcom anticipates future revenue growth from its focus on next-generation network solutions, particularly in 5G infrastructure. The company secured a multi-million dollar contract with China Telecom in early 2025 for 5G transport network routers and expects additional purchase orders throughout 2025. This includes leveraging its expertise in disaggregated 5G transport networks and continuing technological innovation in advanced telecommunications solutions. The recent launch of SkyFlux SPN310 for enterprise and metro edge networks also signals a commitment to new product development in advanced solutions.
  • Geographical Market Expansion: The company is strategically pursuing expansion into new geographical markets, with a notable focus on Europe. UTStarcom completed the development of a customized NetRing TN704ES product for a European mobile operator and expects orders for this product in 2025. Furthermore, the company has received network expansion orders from European and Indian customers, indicating efforts to re-establish and grow its presence in these regions.
  • Continued Growth from Maintenance and Support Services: UTStarcom maintains a revenue stream from providing post-sale support and maintenance services for its deployed solutions such as PTN, NMS, SyncRing, and IMS to customers globally. Although services revenue experienced a decrease in recent periods, ongoing contracts and new network expansion orders for these solutions are expected to contribute to future revenue.
  • Securing New Projects and Strategic Partnerships: A core component of UTStarcom's growth strategy involves actively securing new projects and diversifying its product portfolio through strategic alliances. The significant contract win with China Telecom Research Institute for 5G transport network routers exemplifies this approach. Collaborations with major telecommunication carriers for bespoke product development and ongoing relationships are crucial for operational success and market expansion.
The verification step confirms that the output is for UTStarcom (UTSI) and the identified drivers are logically consistent with the company's description and its stated business focus on telecom infrastructure and network solutions.

AI Analysis | Feedback

Capital Allocation Decisions for UTStarcom (UTSI) over the last 3-5 years:

Share Issuance

  • UTStarcom Holdings Corp. reported minor common stock issuances, with recorded amounts of $2,000 and $4,000. [cite: 7 - *from previous search, not latest output, referring to NASDAQ - Weiss Ratings cash flow*]

Capital Expenditures

  • The company's capital expenditures have been modest, with reported annual figures including approximately $158,000, $168,500, $179,000, $217,000, and $255,000. [cite: 7 - *from previous search, not latest output, referring to NASDAQ - Weiss Ratings cash flow*]

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Latest Trefis Analyses

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Peer Comparisons

Peers to compare with:

Financials

UTSICIENCALXADTNEXTRRBBNMedian
NameUTStarcomCiena Calix Adtran Extreme .Ribbon C. 
Mkt Price3.17445.9838.3915.2631.112.6923.18
Mkt Cap0.063.32.51.24.10.51.9
Rev LTM665,5691,0601,1221,2528261,091
Op Inc LTM-562440-540523
FCF LTM-25833109331051769
FCF 3Y Avg-16524691290940
CFO LTM-241,0331329913233116
CFO 3Y Avg-1567189741132982

Growth & Margins

UTSICIENCALXADTNEXTRRBBNMedian
NameUTStarcomCiena Calix Adtran Extreme .Ribbon C. 
Rev Chg LTM-43.4%30.6%28.4%18.8%14.9%-1.2%16.9%
Rev Chg 3Y Avg-3.9%12.1%6.2%-1.1%1.2%-0.3%0.5%
Rev Chg Q9.9%39.5%27.1%15.5%11.4%-10.3%13.4%
QoQ Delta Rev Chg LTM2.0%8.7%6.0%3.5%2.7%-2.2%3.1%
Op Inc Chg LTM-213.5%201.4%184.5%93.8%315.6%-77.2%139.2%
Op Inc Chg 3Y Avg-29.2%53.5%-111.8%23.9%44.7%52.2%34.3%
Op Mgn LTM-7.6%11.2%3.8%-0.5%3.2%0.6%1.9%
Op Mgn 3Y Avg0.9%7.6%-0.2%-9.0%1.8%1.7%1.3%
QoQ Delta Op Mgn LTM3.7%3.0%1.7%1.0%0.5%-1.8%1.3%
CFO/Rev LTM-36.8%18.5%12.5%8.8%10.6%4.0%9.7%
CFO/Rev 3Y Avg-18.5%14.0%9.1%7.3%9.4%3.4%8.2%
FCF/Rev LTM-37.6%15.0%10.3%2.9%8.4%2.0%5.7%
FCF/Rev 3Y Avg-19.0%10.9%7.0%1.2%7.5%1.1%4.1%

Valuation

UTSICIENCALXADTNEXTRRBBNMedian
NameUTStarcomCiena Calix Adtran Extreme .Ribbon C. 
Mkt Cap0.063.32.51.24.10.51.9
P/S0.411.42.41.13.30.61.7
P/Op Inc-5.7101.563.4-233.3102.389.476.4
P/EBIT-7.2111.363.4-5,238.095.1-31.928.1
P/E-7.2144.474.4-34.3254.115.144.7
P/CFO-1.261.319.112.331.314.316.7
Total Yield-13.9%0.7%1.3%-2.9%0.4%6.6%0.5%
Dividend Yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg-72.8%3.7%2.6%0.1%5.2%2.1%2.3%
D/E0.10.00.00.20.10.80.1
Net D/E-1.20.0-0.10.10.00.70.0

Returns

UTSICIENCALXADTNEXTRRBBNMedian
NameUTStarcomCiena Calix Adtran Extreme .Ribbon C. 
1M Rtn12.3%-24.6%-4.6%-0.1%25.9%2.3%1.1%
3M Rtn31.1%32.2%-24.1%53.5%114.7%28.1%31.6%
6M Rtn58.7%104.2%-28.5%83.6%84.0%-9.7%71.2%
12M Rtn46.0%518.0%-18.7%103.5%93.5%-28.1%69.7%
3Y Rtn-11.3%905.1%-26.3%46.3%27.0%-7.9%9.6%
1M Excs Rtn16.4%-22.7%-4.8%-3.1%36.8%3.6%0.3%
3M Excs Rtn19.0%20.1%-36.1%41.5%102.6%16.0%19.6%
6M Excs Rtn30.1%93.1%-39.4%64.3%63.0%-18.8%46.6%
12M Excs Rtn15.9%494.1%-43.2%71.2%63.0%-54.6%39.4%
3Y Excs Rtn-86.4%856.3%-98.5%-9.6%-36.9%-78.7%-57.8%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20242023202220212020
Net services sales911121412
Net equipment sales152212
Total1116141624


Operating Income by Segment
$ Mil20152014201320122011
Net equipment sales127243573
Net services sales61-3-4-1
General and Corporate-23-22-34-63-51
Total-5-14-13-3321


Assets by Segment
$ Mil200820072005
Multimedia Communications602606 
Broadband Infrastructure338519 
Handsets288360547
Net services sales768595
Other7  
PCD0357420
Broadband  472
Wireless  832
Total1,3111,9272,366


Price Behavior

Price Behavior
Market Price$3.17 
Market Cap ($ Bil)0.0 
First Trading Date03/03/2000 
Distance from 52W High-3.5% 
   50 Days200 Days
DMA Price$2.79$3.02
DMA Trendupup
Distance from DMA13.9%5.0%
 3M1YR
Volatility58.6%58.9%
Downside Capture-138.7415.69
Upside Capture17.0757.53
Correlation (SPY)1.8%5.3%
UTSI Betas & Captures as of 5/31/2026

 1M2M3M6M1Y3Y
Beta0.83-0.40-0.370.040.130.04
Up Beta2.700.41-0.12-0.150.19-0.11
Down Beta5.623.220.530.99-0.150.02
Up Capture48%-18%-24%-3%17%1%
Bmk +ve Days13283667141432
Stock +ve Days11182448100313
Down Capture-301%-449%-160%-52%27%47%
Bmk -ve Days7132757109318
Stock -ve Days716255399323

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with UTSI
UTSI23.8%57.3%0.62-
Sector ETF (XLK)54.9%22.5%1.864.6%
Equity (SPY)24.9%12.3%1.526.6%
Gold (GLD)25.5%27.4%0.81-0.0%
Commodities (DBC)30.1%19.0%1.25-0.9%
Real Estate (VNQ)13.5%13.5%0.698.2%
Bitcoin (BTCUSD)-41.7%42.2%-1.163.6%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with UTSI
UTSI-4.7%70.7%0.23-
Sector ETF (XLK)22.4%25.1%0.795.3%
Equity (SPY)13.5%17.1%0.616.3%
Gold (GLD)16.8%18.2%0.751.0%
Commodities (DBC)8.4%19.4%0.331.6%
Real Estate (VNQ)2.8%18.8%0.054.8%
Bitcoin (BTCUSD)13.6%54.4%0.446.4%

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Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with UTSI
UTSI-5.6%60.8%0.16-
Sector ETF (XLK)25.1%24.6%0.927.5%
Equity (SPY)15.3%17.9%0.737.7%
Gold (GLD)12.5%16.1%0.641.3%
Commodities (DBC)6.7%18.0%0.293.4%
Real Estate (VNQ)5.7%20.7%0.245.0%
Bitcoin (BTCUSD)60.3%66.8%1.008.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date5292026
Short Interest: Shares Quantity0.0 Mil
Short Interest: % Change Since 5152026-8.8%
Average Daily Volume0.0 Mil
Days-to-Cover Short Interest1.5 days
Basic Shares Quantity8.9 Mil
Short % of Basic Shares0.2%

Earnings Returns History

Updated 6/2/2026
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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
SUMMARY STATS   
# Positive000
# Negative000
Median Positive   
Median Negative   
Max Positive   
Max Negative   

SEC Filings

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Report DateFiling DateFiling
12/31/202504/24/202620-F
06/30/202508/29/20256-K
12/31/202404/25/202520-F
06/30/202409/05/20246-K
12/31/202304/29/202420-F
06/30/202308/30/20236-K
12/31/202204/27/202320-F
06/30/202209/02/20226-K
12/31/202104/26/202220-F
06/30/202108/13/20216-K
12/31/202004/21/202120-F
06/30/202010/30/20206-K
12/31/201904/29/202020-F
09/30/201911/08/20196-K
06/30/201908/13/20196-K
03/31/201905/10/20196-K

Insider Activity

Updated 4/26/2026
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#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Shao, Sean DirectSell33120262.4313,99434,00826,504Form
Core Cache Last Updated: 6/13/2026