$-0.15 EPS Expected for Mitel Networks Corporation (MITL) on May, 2

3 = Hold. Analysts' recommendations are the fountainhead of equity research reports and should be used in tangent with proprietary research and investment methodologies in order to make investment decisions. The company's distance from 52-week high price is -1.59% and while the current price is 79.23% from 52-week low price. The price/earnings to growth ratio (PEG ratio) is a stock's price-to-earnings (P/E) ratio divided by the growth rate of its earnings for a specified time period. Acadian Asset Management LLC grew its stake in shares of Mitel Networks by 30.5% during the fourth quarter.

The content above is for informational and entertainment purposes only and does not constitute trading advice or a solicitation to buy or sell any stock, option, future, commodity, or forex product. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Mitel Networks presently has an average rating of Buy and an average target price of $13.05.

Mitel Networks Corporation (MITL) closed its previous trading session at $11.13 with the gain of 0.09%. The company had a trading volume of 8,011,229 shares, compared to its average volume of 1,691,162.

Mitel Networks Corporation (MITL) stock price rose 60.84 percent over the past one year, while increased 24.22 percent during the past 6 months. The beta value of MITL stands at 2.49. The volatility in the previous week has experienced by 1.43% and observed of 2.81% in the previous month.87.60% ownership is held by institutional investors while insiders hold ownership of 1.20%.

Shares of NASDAQ:MITL opened at $11.13 on Thursday. The communications equipment provider reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.08.

Analysts are also projecting an Average Revenue Estimate for Mitel Networks Corporation as $311720 in the Current Quarter. Mitel Networks had a negative return on equity of 14.20% and a negative net margin of 4.69%. Likewise, the performance for the quarter was recorded as -1.83% and for the year was 8.90%.

Mitel Networks Corporation (NASDAQ:MITL)'s earnings release is anticipated by WallStreet on May, 2, RTT reports.


Mitel Networks announced that its board has approved a stock repurchase program on Wednesday, March 7th that allows the company to buyback 61,000,000 outstanding shares. The shares now trade at $54.60 and have been able to report a change of 4.64% over the past one week. The shares were sold at an average price of $8.40, for a total value of $34,440.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

In other news, insider Graham Bevington sold 8,605 shares of the company's stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $8.14, for a total transaction of $6,865,251.58. The disclosure for this sale can be found here. The growth of successful sales has been 185.90% in the last five years, and that figure is probably the most important in this financial report because the sales really matter. River Road Asset Management LLC raised its holdings in Mitel Networks by 37.0% in the fourth quarter.

Trading volume, or volume, is the number of shares or contracts that point towards the full activity of a security or stock market for a given period. Mitel Networks earned a news sentiment score of 0.17 on Accern's scale. Alliancebernstein L.P. grew its stake in shares of Mitel Networks by 15.0% during the fourth quarter. Company insiders own 5.60% of the company's stock.

Stocks have wobbled in recent days with bond yields climbing and shareholders wondering whether earnings are peaking for big USA companies, which could hinder future stock gains as interest rates and inflation continue rising.

TRADEMARK VIOLATION NOTICE: "Two Sigma Investments LP Has $824,000 Position in Mitel Networks Corp (MITL)" was published by registrarjournal.com and is the sole property of of registrarjournal.com.

Mitel Networks Corporation provides business communications and collaboration software, services, and solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific regions.The firm is valued at $1.35 billion. The Cloud segment offers retail cloud services, which include UCC applications, voice and data telecommunications, and desktop devices that provide hosted cloud and related services directly to the end users under the MiCloud brand name.

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