QualTek Services Inc. (QTEK)

NASDAQ: QTEK · IEX Real-Time Price · USD
1.45
-0.05 (-3.33%)
At close: May 23, 2022 4:00 PM
1.50
0.05 (3.45%)
After-hours:May 23, 2022 5:35 PM EDT
Market Cap35.45M
Revenue (ttm)760.40M
Net Income (ttm)-115.40M
Shares Out24.45M
EPS (ttm)-13.25
PE Ration/a
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volume176,992
Open1.50
Previous Close1.50
Day's Range1.33 - 1.52
52-Week Range1.36 - 10.43
Betan/a
AnalystsBuy
Price Target7.82 (+439.3%)
Earnings DateMay 17, 2022

About QTEK

QualTek Services Inc. provides communications infrastructure, power grid modernization, and renewable solutions to telecommunications and utilities industries in North America. The company operates through two segments, Telecom, and Renewables and Recovery Logistics. The Telecom segment engages in the installation, project management, maintenance, real estate, and site acquisition; fiber optic aerial and underground installation, fiber optic splicing, termination and testing, new installation, engineering, and fulfillment services to telecommun...

IndustryTelecom Services
Founded2012
CountryUnited States
Stock ExchangeNASDAQ
Ticker SymbolQTEK
Full Company Profile

Financial Performance

In 2021, QTEK's revenue was $612.24 million, a decrease of -6.75% compared to the previous year's $656.52 million. Losses were -$110.43 million, 12.6% more than in 2020.

Financial Statements

Analyst Forecast

According to 9 analysts, the average rating for QTEK stock is "Buy." The 12-month stock price forecast is 7.82, which is an increase of 439.31% from the latest price.

Price Target
$7.82
(439.31% upside)
Analyst Consensus: Buy
Stock Forecasts

News

QualTek Announces First Quarter 2022 Financial Results

- First quarter 2022 revenue up 24% to $148.2 million - Reported 24-month backlog at the end of Q1 2022 is $2.2 Billion, which is the largest in the history of the company - Extended ABL maturity throug...

6 days ago - PRNewsWire

What to Know About Buying Penny Stocks on May 12th

Here's what you need to know about trading penny stocks on May 12th The post What to Know About Buying Penny Stocks on May 12th  appeared first on Penny Stocks to Buy, Picks, News and Information | Penn...

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1 week ago - PennyStocks

QualTek Services Inc. to Report First Quarter 2022 Financial Results on May 17, 2022

First Quarter ended April 2, 2022 BLUE BELL, Pa. , May 5, 2022 /PRNewswire/ -- QualTek Services Inc. ("QualTek" or the "Company") (NASDAQ: QTEK), a leading turnkey provider of infrastructure services to...

2 weeks ago - PRNewsWire

QualTek Announces Fourth Quarter and Annual 2021 Financial Results

- Full year 2021 results include revenue of $612.2  million and adjusted EBITDA of $60.0 million - Reported 24-month backlog at the end of Q4 2021 was $2.1 Billion, an increase of 22.0% over year end 20...

1 month ago - PRNewsWire

QualTek Services Inc. to Report Fourth Quarter 2021 Financial Results on March 31, 2022

BLUE BELL, Pa. , March 30, 2022 /PRNewswire/ -- QualTek Services Inc. ("QualTek" or the "Company") (NASDAQ: QTEK), a leading turnkey provider of infrastructure services to the North American 5G wireless...

1 month ago - PRNewsWire

QualTek to Present at the 34th Annual Roth Conference

BLUE BELL, Pa. , March 9, 2022 /PRNewswire/ -- QualTek Services Inc. ("QualTek" or the "Company") (NASDAQ: QTEK), a leading turnkey provider of infrastructure services to the North American 5G wireless,...

2 months ago - PRNewsWire

QualTek Names New Independent Board Appointees to its Board of Directors

BLUE BELL, Pa., March 7, 2022 /PRNewswire/ -- QualTek Services Inc. ("QualTek" or the "Company") (NASDAQ: QTEK), a leading turnkey provider of infrastructure services to the North American 5G wireless, ...

2 months ago - PRNewsWire

QualTek Begins Trading on the NASDAQ Under the Symbol "QTEK"

BLUE BELL, Pa. and NEWPORT BEACH, Calif.

3 months ago - PRNewsWire

QualTek Announces Strong Third Quarter and Updates 2021 and 2022 Guidance

BLUE BELL, Pa., Dec. 9, 2021 /PRNewswire/ -- QualTek, LLC, a leading turnkey provider of infrastructure services to the North American 5G wireless, telecom, and renewable energy sectors, reported 3rd qu...

5 months ago - PRNewsWire

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation into the Fairness of the Merger of Ro...

New York, New York--(Newsfile Corp. - October 15, 2021) -  The following statement is being issued by Levi & Korsinsky, LLP:To: All Persons or Entities who purchased Roth CH Acquisition III Co. (NASDAQ:...

7 months ago - Newsfile Corp

QualTek Expands Suite of Services in their Wireline Segment with Acquisition of Urban Cable Technology

BLUE BELL, Pa., Oct. 15, 2021 /PRNewswire/ -- QualTek, LLC, a leading provider of both turnkey infrastructure services to the North American 5G wireless, telecom, and renewable energy sectors, and recov...

7 months ago - PRNewsWire

QualTek CEO Scott Hisey to Discuss Adapting to a Hybrid Workforce at Milken Institute Global Conference

BLUE BELL, Pa., Oct. 11, 2021 /PRNewswire/ -- QualTek, LLC, a leading turnkey provider of infrastructure services to the North American 5G wireless, telecom, and renewable energy sectors, announced toda...

7 months ago - PRNewsWire

QualTek Provides Business Update, Includes Q3 2021 Guidance

BLUE BELL, Pa., Oct. 4, 2021 /PRNewswire/ -- QualTek, LLC (the "Company" or "QualTek"), a leading provider of both turnkey infrastructure services to the North American 5G wireless, telecom, and renewab...

7 months ago - PRNewsWire

Roth CH Acquisition III Co. Receives Noncompliance Notice Regarding Late Form 10-Q Filing From Nasdaq

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Roth CH Acquisition III Co. Receives Noncompliance Notice Regarding Late Form 10-Q Filing From Nasdaq

8 months ago - Business Wire

QualTek Provides Business Update

BLUE BELL, Pa., Aug. 11, 2021 /PRNewswire/ -- QualTek, LLC (the "company" or "QualTek"), a leading turnkey provider of infrastructure services to the North American 5G wireless, telecom, and renewable e...

9 months ago - PRNewsWire