PCTEL (NASDAQ:PCTI)
has been a frustrating stock for some time now. While the company has
refocused around businesses with credible addressable markets and growth
potential in antennas and test equipment, the stock has gone nowhere
fast over the last three years (though to be fair, equipment/component
supplier JDSU (NASDAQ:JDSU) has done even worse).
Will 2015 be a different, better, year for PCTEL's shareholders? China Mobile's (NYSE:CHL)
more aggressive roll-out of TD-LTE is a real opportunity for the
company, given its relationship selling scanning receivers used to test
LTE deployments. A strong contribution from this higher-margin business
would indeed be welcome, but PCTEL really needs to see markets like
WLAN, smart grid, fleet management, and so on pick up (and use their
antennas) to maintain that momentum. If PCTEL can leverage these
opportunities, a share price above $10 seems reasonable in the
near-term.
Click here for the full article:
Will 2015 Be A Real Growth Year For PCTEL?
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