UTStarcom Holdings Corp.
- Open
- 2.32
- Day high
- 2.55
- Day low
- 2.27
- Prev close
- 2.39
- Volume
- 44K
- Mkt cap
- $24M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 0.6
- P/S
- 2.4
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$48K over the last 3 months (0 open-market buys, 3 sales)
- 🏛Institutions reducing (13F)
UTStarcom Holdings Corp. (UTSI) is a Technology company listed on NASDAQ. The stock is down 7% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 3 sales (SEC Form 4).
UTStarcom Holdings Corp. (UTSI) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
UTSI earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Mar 24, 2025 | — | $-0.26 | — | $5M | — |
| Sep 5, 2024 | — | $-0.11 | — | $3M | — |
| Mar 22, 2024 | — | $-0.10 | — | $5M | — |
| Sep 30, 2023 | — | $-0.10 | — | $5M | — |
| Jun 30, 2023 | — | $-0.18 | — | $3M | — |
| Mar 24, 2023 | — | $-0.11 | — | $3M | — |
| Sep 30, 2022 | — | $-0.18 | — | $3M | — |
| Jun 30, 2022 | — | $-0.72 | — | $7M | — |
| Mar 24, 2022 | — | $-0.09 | — | $4M | — |
| Sep 30, 2021 | — | $-0.34 | — | $4M | — |
| Mar 25, 2021 | — | $0.01 | — | $4M | — |
| Nov 27, 2020 | $-0.12 | $-0.65 | -437.6% | $5M | — |
UTSI insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Apr 1, 2026 | Shao Seandirector | Sell | 6,000 | $2.32 |
| Mar 31, 2026 | Shao Seandirector | Sell | 4,422 | $2.47 |
| Mar 31, 2026 | Shao Seandirector | Sell | 9,572 | $2.41 |
| Jun 6, 2014 | SHAH CAPITAL MANAGEMENTdirector | Buy | 47,200 | $2.60 |
| Mar 26, 2014 | SHAH CAPITAL MANAGEMENTdirector | Buy | 34,919 | $2.56 |
| Mar 14, 2014 | SHAH CAPITAL MANAGEMENT10 percent owner | Buy | 2,000,000 | $2.67 |
| Jan 22, 2014 | SHAH CAPITAL MANAGEMENT10 percent owner | Buy | 1,000,000 | $2.54 |
| Jan 21, 2014 | SOFTBANK AMERICA INC10 percent owner | Sell | 4,883,875 | $2.54 |
| Jul 8, 2011 | Lu Ying (Jack)director, officer: CEO & President | Grant | 400,000 | $2.10 |
| Jul 8, 2011 | LU HONG LIANGdirector | Grant | 23,041 | — |
| Jul 8, 2011 | LU HONG LIANGdirector | Grant | 46,082 | $2.17 |
| Jul 8, 2011 | Lu Ying (Jack)director, officer: CEO & President | Grant | 300,000 | — |
| Jul 8, 2011 | Cheng Edmondofficer: Senior VP and CFO | Grant | 100,000 | — |
| Jun 20, 2011 | Lu Ying (Jack)director, officer: CEO & President | Sell | 35,878 | $1.53 |
| Jun 20, 2011 | LU HONG LIANGdirector | Grant | 46,082 | $2.17 |
Source: UTSI SEC Form 4 filings, latest Apr 1, 2026. For informational purposes only — not investment advice.
See the full UTSI insider & 13F page →UTStarcom Holdings Corp. company profile
Overview
UTStarcom Holdings Corp. (NASDAQ:UTSI) is a Chinese telecommunications infrastructure company founded in 1991 and based in Hangzhou, China. The company went public in 2000 and operates as a provider of telecom network equipment and solutions to telecommunications and cable service providers across China, India, Japan, Taiwan, and other international markets. UTStarcom has evolved from its early focus on personal access systems to become a specialized provider of broadband infrastructure and network transport solutions, though it currently faces significant operational challenges with declining revenues and persistent losses.
Business
UTStarcom operates in the telecommunications equipment industry, providing network infrastructure solutions that enable telecom operators to deliver high-speed internet, mobile services, and other bandwidth-intensive applications to end users. The telecommunications equipment sector serves as the backbone of modern digital communications, manufacturing and supplying the hardware and software that telecommunications companies need to build and maintain their networks. The company's core product portfolio includes several key network infrastructure solutions. Packet Transport Network (PTN) equipment forms the backbone of modern telecom networks, enabling the efficient transmission of data packets across long distances with high reliability and speed. Packet Aggregation Network solutions help telecom operators consolidate multiple data streams from different sources into unified network pathways, improving efficiency and reducing costs. The company also provides Multi-Services Access Network equipment, which allows telecom operators to deliver multiple types of services including voice, data, and video over a single network infrastructure. Additionally, UTStarcom offers Fiber to the X (FTTx) solutions, which represent the various architectures for delivering fiber-optic communications to different endpoints such as homes, buildings, or neighborhoods. These solutions are critical for enabling high-speed broadband internet access. The company also provides Carrier Wi-Fi solutions that help mobile network operators offload cellular traffic to Wi-Fi networks in high-density areas, and Software Defined Network (SDN) controller products that enable more flexible and programmable network management. Based on the company's focus areas, the revenue appears to be primarily concentrated in packet transport and broadband access solutions, though specific segment breakdowns are not readily available from the financial data provided.
Revenue model
UTStarcom generates revenue primarily through the sale of telecommunications network equipment and related services to telecommunications and cable service providers. The company operates on a traditional product sales model, where it designs, manufactures, and sells network infrastructure hardware and software solutions to telecom operators who then use these products to build and upgrade their networks. The company's customers are primarily telecommunications service providers, including both traditional telecom operators and cable companies that offer internet and communication services to end consumers and businesses. These operators purchase UTStarcom's equipment to build out their network infrastructure, upgrade existing systems to handle increased bandwidth demands, or deploy new services such as high-speed broadband or mobile network enhancements. Several factors significantly impact UTStarcom's margins and profitability. On the positive side, the ongoing global demand for higher bandwidth driven by cloud services, streaming media, mobile data usage, and emerging technologies like 5G creates market opportunities. However, the company faces substantial margin pressures from intense competition in the telecommunications equipment space, particularly from larger, well-funded competitors like Huawei, Ericsson, Nokia, and Cisco. The commoditization of network equipment has led to price competition that compresses margins across the industry. Geopolitical factors also play a significant role, as trade tensions and security concerns have affected Chinese technology companies' access to international markets and supply chains. Currency fluctuations between the Chinese yuan and other currencies can impact both costs and revenues for a company operating internationally. Additionally, the cyclical nature of telecom capital expenditure spending means that UTStarcom's revenues can be volatile depending on when operators decide to upgrade their networks, which is often influenced by regulatory changes, spectrum auctions, or competitive pressures in their respective markets.
Competitive moat
UTStarcom's competitive moat appears to be relatively weak in the current telecommunications equipment landscape. The company operates in a highly commoditized industry dominated by much larger players with significantly greater resources, research and development capabilities, and global market presence. Unlike companies with strong network effects, proprietary technologies, or high switching costs, UTStarcom's products face intense competition from established giants like Huawei, Ericsson, Nokia, and Cisco, as well as numerous smaller regional players. The company's primary competitive advantages appear to be its focus on specific market segments and its understanding of the Chinese and Asian telecommunications markets. However, these advantages are not particularly defensible, as larger competitors can easily enter these segments with superior resources and broader product portfolios. The telecommunications equipment industry has relatively low barriers to entry for established technology companies, and product differentiation is often minimal, leading to competition primarily on price and delivery capabilities. The main competitive threats come from several directions. Large multinational equipment vendors continue to expand their market share through superior R&D investments, comprehensive product suites, and global service capabilities. Chinese competitors like Huawei (despite facing international restrictions) and ZTE maintain strong domestic market positions with extensive resources. Additionally, the industry trend toward software-defined networking and cloud-based solutions favors companies with strong software capabilities and platform approaches, areas where UTStarcom appears to have limited differentiation. Given the company's small size, limited financial resources, and declining market position, UTStarcom lacks the scale economies and innovation capabilities necessary to build a sustainable competitive moat in this capital-intensive, technology-driven industry.
Risks & safety
UTStarcom presents significant financial risks with limited margin of safety for investors. • Cash Position: The company maintains approximately $50.7 million in cash and short-term investments as of FY 2024, providing some liquidity buffer • Debt Level: Low debt-to-equity ratio of 0.035, indicating minimal financial leverage risk • Solvency Risk: High concern due to persistent negative cash flows from operations (-$4.5 million in FY 2024) and negative free cash flows (-$4.6 million in FY 2024) • Cash Burn: At current burn rates, the company has approximately 11-12 years of cash runway, though this assumes no further deterioration in operations • Valuation Metrics: Trading at 0.59x price-to-book ratio suggests potential asset value, but negative earnings make traditional P/E ratios meaningless • Graham Net-Net: Ratio of 3.66 indicates the stock trades well below net current asset value, suggesting potential deep value opportunity • Current Ratio: Strong liquidity position with current ratio of 2.92 • Other Considerations: Declining revenues (from $15.8M in 2023 to $10.9M in 2024), persistent losses, and negative EBITDA indicate fundamental business deterioration that cash reserves may not be able to sustain indefinitely.
Recent development
Based on the available financial data, UTStarcom has experienced significant operational challenges over recent years rather than positive strategic developments. The company's revenue has declined substantially, falling from $15.8 million in fiscal year 2023 to $10.9 million in fiscal year 2024, representing a 31% year-over-year decrease. This decline indicates either reduced demand for the company's products, loss of market share to competitors, or both. The company has struggled with profitability, posting consistent losses across all reported periods. Net losses have actually worsened, increasing from -$3.9 million in 2023 to -$4.4 million in 2024, while EBITDA losses expanded from -$6.6 million to -$7.1 million over the same period. These trends suggest that the company has been unable to successfully execute any meaningful strategic pivots or operational improvements. Cash flow from operations has remained persistently negative, indicating that the core business operations are not generating positive cash flows. Free cash flow has similarly been negative across all reported periods, suggesting that the company is consuming cash for both operations and capital expenditures without generating returns. Without access to earnings call transcripts or management commentary, it is difficult to identify specific strategic initiatives or new product developments. However, the financial performance suggests that any strategic efforts undertaken during this period have not yet translated into improved business results. The company appears to be in a defensive mode, managing cash reserves while facing continued operational headwinds in a highly competitive telecommunications equipment market.
UTSI company profile · for informational purposes only — not investment advice.
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