Shares of UTStarcom (UTSI) soar 16% premarket after the global network solutions provider turns...

|By:, SA News Editor

Shares of UTStarcom (UTSI) soar 16% premarket after the global network solutions provider turns to a profit in Q4 off of revenue of $83.5M (+9.6% Y/Y). The company says that it will continue to benefit from China's push toward triple network convergence.