Mitel Networks Corporation is a provider of business communications and collaboration software, services and solutions. The Company's segments include Cloud and Enterprise. The Enterprise segment sells and supports products and services for premise-based customers. The Cloud segment sells and supports products that are deployed in a cloud environment. The Company's product portfolio includes premises and cloud-based enterprise communications infrastructure products and solutions, unified communications and collaboration (UCC) and contact center applications and a range of service offerings. The Company's Cloud Division offers a range of private, public, hybrid and mobile Software as a Service (SaaS) solutions for businesses of all sizes. This includes Unified Communications as a Service (UCaaS) solutions. Its Enterprise Division portfolio integrates voice, UCC applications, and contact center applications on fixed and mobile networks across a range of end user devices.
Industry, Sector and Symbol:
- Sector: Computer and Technology
- Industry: Communication Equipment
- Sub-Industry: N/A
- Symbol: NASDAQ:MITL
- CUSIP: N/A
- Web: www.mitel.com
- Market Cap: $845.6 million
- Outstanding Shares: 122,729,000
- 50 Day Moving Avg: $6.75
- 200 Day Moving Avg: $6.91
- 52 Week Range: $5.81 - $8.52
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 8.51
- P/E Growth: 9.22
- Annual Revenue: $977.7 million
- Price / Sales: 0.86
- Book Value: $2.95 per share
- Price / Book: 2.34
- EBIDTA: $111.8 million
- Net Margins: -1.19%
- Return on Equity: 14.48%
- Return on Assets: 4.69%
- Debt-to-Equity Ratio: 1.02%
- Current Ratio: 1.46%
- Quick Ratio: 1.19%
- Average Volume: 430,423 shs.
- Beta: 2.7
- Short Ratio: 1.32
Frequently Asked Questions for Mitel Networks Corp (NASDAQ:MITL)
What is Mitel Networks Corp's stock symbol?
Mitel Networks Corp trades on the NASDAQ under the ticker symbol "MITL."
How will Mitel Networks Corp's stock buyback program work?
Mitel Networks Corp declared that its Board of Directors has authorized a share repurchase plan on Thursday, April 6th 2017, which allows the company to buyback 7,820,000 outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is undervalued.
How were Mitel Networks Corp's earnings last quarter?
Mitel Networks Corp (NASDAQ:MITL) issued its earnings results on Thursday, August, 4th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.05. The business had revenue of $307.20 million for the quarter, compared to analyst estimates of $292.05 million. Mitel Networks Corp had a negative net margin of 1.19% and a positive return on equity of 14.48%. The business's quarterly revenue was up 10.9% on a year-over-year basis. During the same period last year, the firm posted $0.18 earnings per share. View Mitel Networks Corp's Earnings History.
Where is Mitel Networks Corp's stock going? Where will Mitel Networks Corp's stock price be in 2017?
2 analysts have issued 1 year price objectives for Mitel Networks Corp's stock. Their predictions range from $7.50 to $10.50. On average, they anticipate Mitel Networks Corp's share price to reach $9.00 in the next year. View Analyst Ratings for Mitel Networks Corp.
Are investors shorting Mitel Networks Corp?
Mitel Networks Corp saw a increase in short interest in the month of May. As of May 15th, there was short interest totalling 1,009,801 shares, an increase of 32.0% from the April 28th total of 765,204 shares. Based on an average daily volume of 465,937 shares, the days-to-cover ratio is presently 2.2 days. Currently, 1.0% of the shares of the company are short sold.
Who are some of Mitel Networks Corp's key competitors?
Some companies that are related to Mitel Networks Corp include Knowles Corp (KN), Infinera Corp. (INFN), NetGear (NTGR), Barracuda Networks (CUDA), ADTRAN (ADTN), Sierra Wireless (SWIR), Vocera Communications (VCRA), A10 Networks (ATEN), Internet Initiative Japan (IIJI), Harmonic (HLIT), ShoreTel (SHOR), Sonus Networks (SONS), Calix (CALX), Comtech Telecomm. Corp. (CMTL), Gilat Satellite Networks (GILT), Exfo (EXFO), Ceragon Networks Ltd (CRNT) and AudioCodes (AUDC).
Who owns Mitel Networks Corp stock?
Mitel Networks Corp's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Elliott Management Corp (9.98%), Turtle Creek Asset Management Inc. (5.70%), Francisco Partners Management LP (5.27%),
FRANCISCO PARTNERS PARALLEL FUND II, L.P.
(5.30%), Credit Suisse AG (3.13%) and Alliancebernstein L.P. (2.66%). Company insiders that own Mitel Networks Corp stock include David M Williams, Graham Bevington, Mahawa Vanessa Touray, Steven Edward Spooner, Sudhakar Ramakrishna, Terence H Matthews and Wesley Dean Durow. View Institutional Ownership Trends for Mitel Networks Corp.
Who sold Mitel Networks Corp stock? Who is selling Mitel Networks Corp stock?
Mitel Networks Corp's stock was sold by a variety of institutional investors in the last quarter, including Turtle Creek Asset Management Inc., Paradigm Capital Management Inc. NY, Renaissance Technologies LLC, Credit Suisse AG, Emerald Mutual Fund Advisers Trust, TD Asset Management Inc., Massachusetts Financial Services Co. MA and Bank of New York Mellon Corp. Company insiders that have sold Mitel Networks Corp stock in the last year include Graham Bevington, Mahawa Vanessa Touray, Steven Edward Spooner, Sudhakar Ramakrishna, Terence H Matthews and Wesley Dean Durow. View Insider Buying and Selling for Mitel Networks Corp.
Who bought Mitel Networks Corp stock? Who is buying Mitel Networks Corp stock?
Mitel Networks Corp's stock was acquired by a variety of institutional investors in the last quarter, including Investment Counselors of Maryland LLC, Ionic Capital Management LLC, Point72 Asset Management L.P., Kestrel Investment Management Corp, Rubric Capital Management LP, Pacific Grove Capital LP, Hodges Capital Management Inc. and Oxford Asset Management. View Insider Buying and Selling for Mitel Networks Corp.
How do I buy Mitel Networks Corp stock?
Shares of Mitel Networks Corp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Mitel Networks Corp stock cost?
One share of Mitel Networks Corp stock can currently be purchased for approximately $6.89.
Earnings History for Mitel Networks Corp (NASDAQ:MITL)Earnings History by Quarter for Mitel Networks Corp (NASDAQ:MITL)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|2/23/2017||Q416||$0.23||$0.11||$301.63 million||$277.50 million||View||N/A|
|11/3/2016||Q316||$0.12||$0.20||$284.98 million||$279.80 million||View||N/A|
|8/4/2016||Q216||$0.14||$0.19||$292.05 million||$307.20 million||View||N/A|
|5/5/2016||Q116||$0.07||$0.06||$281.88 million||$276.80 million||View||Listen|
|2/25/2016||Q415||$0.28||$0.29||$332.43 million||$335.70 million||View||Listen|
|11/5/2015||Q315||$0.08||$0.12||$287.30 million||$293.70 million||View||N/A|
|8/6/2015||Q215||$0.17||$0.16||$292.15 million||$292.30 million||View||N/A|
|5/7/2015||Q115||$0.15||$0.14||$256.48 million||$248.10 million||View||N/A|
|2/26/2015||Q414||$0.27||$0.35||$303.23 million||$301.40 million||View||N/A|
|11/6/2014||Q115||$0.16||$0.18||$270.70 billion||$272.40 billion||View||N/A|
|8/7/2014||Q414||$0.23||$0.20||$286.20 million||$288.70 million||View||N/A|
|5/8/2014||Q314||$0.08||$0.21||$146.50 million||$241.50 million||View||N/A|
|12/5/2013||Q2||$0.20||$0.22||$146.22 million||$144.90 million||View||Listen|
|8/29/2013||Q114||$0.15||$0.17||$143.50 million||$141.60 million||View||N/A|
|6/24/2013||Q413||$0.24||$0.25||$145.71 million||$150.90 million||View||N/A|
|2/28/2013||Q312||$0.22||$0.23||$143.03 million||$142.00 million||View||N/A|
|8/30/2012||Q113||$0.14||$0.08||$141.16 million||$138.50 million||View||N/A|
Earnings Estimates for Mitel Networks Corp (NASDAQ:MITL)
Current Year EPS Consensus Estimate: $0.79 EPS
Next Year EPS Consensus Estimate: $0.81 EPS
Dividend History for Mitel Networks Corp (NASDAQ:MITL)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Mitel Networks Corp (NASDAQ:MITL)
Institutional Ownership Percentage: 77.46%Insider Trades by Quarter for Mitel Networks Corp (NASDAQ:MITL)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|5/19/2017||Mahawa Vanessa Touray||Insider||Sell||127||$6.59||$836.93|| |
|5/16/2017||Wesley Dean Durow||Insider||Sell||1,334||$6.77||$9,031.18|| |
|5/15/2017||Terence H Matthews||Chairman||Sell||2,245||$6.60||$14,817.00|| |
|3/10/2017||David M Williams||Director||Buy||15,000||$6.90||$103,500.00|| |
|3/10/2017||Steven Edward Spooner||CFO||Sell||24,767||$6.95||$172,130.65|| |
|3/10/2017||Wesley Dean Durow||Insider||Sell||2,613||$6.95||$18,160.35|| |
|3/3/2017||Terence H Matthews||Chairman||Sell||1,199||$6.49||$7,781.51|| |
|3/2/2017||David M Williams||Director||Buy||15,000||$6.54||$98,100.00|| |
|3/2/2017||Graham Bevington||Insider||Sell||801||$6.58||$5,270.58|| |
|3/2/2017||Steven Edward Spooner||CFO||Sell||4,040||$6.58||$26,583.20|| |
|3/1/2017||Sudhakar Ramakrishna||Director||Sell||513||$6.67||$3,421.71|| |
|3/1/2017||Terence H Matthews||Chairman||Sell||254,699||$6.64||$1,691,201.36|| |
Headline Trends for Mitel Networks Corp (NASDAQ:MITL)
Latest Headlines for Mitel Networks Corp (NASDAQ:MITL)
|Mitel Networks (MITL) Presents At Needham Emerging Technology Conference - Slideshow|
seekingalpha.com - May 24 at 10:43 AM
|Zacks: Analysts Set $8.17 Price Target for Mitel Networks Corp (MITL)|
www.americanbankingnews.com - May 19 at 1:20 PM
|$248 Million in Sales Expected for Mitel Networks Corp (MITL) This Quarter|
www.americanbankingnews.com - May 17 at 8:56 AM
|Mitel Networks Corp. breached its 50 day moving average in a Bullish Manner : MITL-US : May 17, 2017|
finance.yahoo.com - May 17 at 8:12 AM
|Terence H. Matthews Sells 2,245 Shares of Mitel Networks Corp (MITL) Stock|
www.americanbankingnews.com - May 16 at 1:40 PM
|Mitel Networks Corp (MITL) Expected to Post Earnings of -$0.01 Per Share|
www.americanbankingnews.com - May 16 at 12:22 AM
|Mitel Networks (MITL) Signs MoU with Toshiba to Transfer Unified Communications Systems Business Assets|
www.streetinsider.com - May 12 at 5:55 AM
|Mitel to Present at the Needham Emerging Technology Conference ... - GlobeNewswire (press release)|
globenewswire.com - May 12 at 12:03 AM
|Mitel Networks (MITL) Signs MoU with Toshiba to Transfer Unified Communications Systems Business Assets - StreetInsider.com|
www.streetinsider.com - May 12 at 12:03 AM
|Edited Transcript of MITL earnings conference call or presentation 4-May-17 12:30pm GMT|
finance.yahoo.com - May 7 at 1:54 AM
|Mitel Networks Corp. breached its 50 day moving average in a Bearish Manner : MITL-US : May 5, 2017|
finance.yahoo.com - May 5 at 9:08 AM
|National Bank Financial Downgrades Mitel Networks Corp (MITL) to Sector Perform|
www.americanbankingnews.com - May 4 at 6:18 PM
|Zacks: Analysts Set $8.67 Target Price for Mitel Networks Corp (MITL)|
www.americanbankingnews.com - May 4 at 11:24 AM
|Investor Network: Mitel Networks Corporation to Host Earnings Call|
finance.yahoo.com - May 4 at 8:46 AM
|Mitel Reports Solid March Quarter Revenues and Earnings Per Share|
finance.yahoo.com - May 3 at 5:37 PM
|Mitel Networks Corp (MITL) Receiving Positive Press Coverage, AlphaOne Reports|
www.americanbankingnews.com - May 3 at 2:42 PM
|Mitel Networks Corp's (MITL) "Hold" Rating Reiterated at Royal Bank of Canada|
www.americanbankingnews.com - May 2 at 3:04 PM
|Mitel Networks Corp (MITL) Given Daily News Impact Rating of 0.08|
www.americanbankingnews.com - April 28 at 8:12 PM
|$221.5 Million in Sales Expected for Mitel Networks Corp (MITL) This Quarter|
www.americanbankingnews.com - April 27 at 12:52 PM
|Mitel Networks Corp. – Value Analysis (NASDAQ:MITL) : April 26, 2017|
finance.yahoo.com - April 26 at 5:47 PM
|Somewhat Negative Media Coverage Somewhat Unlikely to Impact Mitel Networks Corp (MITL) Share Price|
www.americanbankingnews.com - April 25 at 6:40 PM
|Mitel Networks Corp. breached its 50 day moving average in a Bullish Manner : MITL-US : April 25, 2017|
finance.yahoo.com - April 25 at 9:27 AM
|Mitel Networks Corp (MITL) Receiving Somewhat Favorable Press Coverage, Report Shows|
www.americanbankingnews.com - April 22 at 9:35 AM
| Analysts Set $8.25 Price Target for Mitel Networks Corp (MITL)|
www.americanbankingnews.com - April 19 at 8:16 AM
|Mitel Networks Corp (MITL) Earning Very Positive News Coverage, Study Finds|
www.americanbankingnews.com - April 16 at 7:50 AM
|Somewhat Favorable Media Coverage Very Likely to Impact Mitel Networks Corp (MITL) Share Price|
www.americanbankingnews.com - April 13 at 3:49 PM
|Mitel Networks Corp (MITL) to Buyback 7,820,000 Outstanding Stock |
www.americanbankingnews.com - April 6 at 4:19 PM
|Zacks: Mitel Networks Corp (MITL) Given $8.25 Consensus Target Price by Analysts|
www.americanbankingnews.com - April 5 at 12:28 AM
|Mitel Networks Corp (MITL) Short Interest Down 24.4% in March|
www.americanbankingnews.com - March 28 at 8:38 AM
|Mitel Networks Corp (MITL) Director Buys $103,500.00 in Stock|
www.americanbankingnews.com - March 10 at 7:37 PM
|Mitel Networks Corporation -- Moody's withdraws all ratings of Mitel Networks following rated debt repayment|
www.moodys.com - March 10 at 11:03 AM
|MITEL NETWORKS CORPORATION|
www.finanznachrichten.de - February 28 at 6:40 PM
|Mitel Networks' (MITL) CEO Richard McBee on Q4 2016 Results - Earnings Call Transcript|
seekingalpha.com - February 23 at 6:36 PM
|Mitel Reports December Quarter Results|
us.rd.yahoo.com - February 23 at 6:36 PM
|Mitel Networks Corp Earnings Call scheduled for 8:30 am ET today|
biz.yahoo.com - February 23 at 9:48 AM
|Q4 2016 Mitel Networks Corp Earnings Release - Before Market Open|
biz.yahoo.com - February 23 at 7:08 AM
|Xura, Inc.: Xura to change company name to Mavenir Systems upon completion of Mitel Mobile acquisition|
www.finanznachrichten.de - February 8 at 5:54 AM
|Mitel Networks (MITL) Presents at 19th Annual Needham Growth Conference|
seekingalpha.com - January 11 at 7:08 PM
Mitel Networks Corp (MITL) Chart for Thursday, May, 25, 2017