Mitel Networks Corporation provides cloud and on-site business communications and collaboration software, services, and solutions. It operates in two segments, Enterprise and Cloud. The Enterprise segment sells and supports products and services for premise-based customers, including its premise-based IP and TDM telephony platforms; desktop devices, and unified communications and collaborations (UCC); and contact center applications that are deployed on the customer's premise under the MiVoice brand. The Cloud segment offers retail cloud services, such as 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. It also provides wholesale services comprising hosted PBX, voice and video calling, SIP trunking, voicemail, call center, audio conferencing, and video and Web collaboration services to service providers under the Powered by Mitel brand. The company sells its solutions through direct and indirect channels, as well as through strategic technology partnerships in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific regions. Mitel Networks Corporation was incorporated in 2001 and is headquartered in Ottawa, Canada.
Industry, Sector and Symbol
Industry Radio & t.v. communications equipment
Sub-IndustryN/A
SectorComputer and Technology
Phone613-592-2122
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$1.06 billion
Profitability
Miscellaneous
Employees3,820
OptionableOptionable
Mitel Networks (NASDAQ:MITL) Frequently Asked Questions
What is Mitel Networks' stock symbol?
Mitel Networks trades on the NASDAQ under the ticker symbol "MITL."
How will Mitel Networks' stock buyback program work?
Mitel Networks declared that its board has approved a stock buyback program on Wednesday, March 7th 2018, which authorizes the company to buyback 61,000,000 shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board of directors believes its shares are undervalued.
How were Mitel Networks' earnings last quarter?
Mitel Networks Corp (NASDAQ:MITL) released its earnings results on Wednesday, October, 24th. The communications equipment provider reported ($0.05) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.05). The communications equipment provider had revenue of $309.60 million for the quarter. Mitel Networks had a negative return on equity of 3.71% and a negative net margin of 1.07%. View Mitel Networks' Earnings History.
When is Mitel Networks' next earnings date?
What price target have analysts set for MITL?
3 equities research analysts have issued 1 year price objectives for Mitel Networks' stock. Their forecasts range from $11.15 to $14.00. On average, they anticipate Mitel Networks' stock price to reach $12.5750 in the next twelve months. This suggests a possible upside of 12.8% from the stock's current price. View Analyst Price Targets for Mitel Networks.
What is the consensus analysts' recommendation for Mitel Networks?
3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mitel Networks in the last year. There are currently 3 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Mitel Networks.
Has Mitel Networks been receiving favorable news coverage?
News headlines about MITL stock have been trending very positive recently, InfoTrie Sentiment reports. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Mitel Networks earned a media sentiment score of 3.2 on InfoTrie's scale. They also assigned media stories about the communications equipment provider a news buzz of 4.0 out of 10, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.
Who are some of Mitel Networks' key competitors?
Some companies that are related to Mitel Networks include ARRIS International (ARRS), Echostar (SATS), ViaSat (VSAT), Commscope (COMM), Loral Space & Communications Ltd. (LORL), Casa Systems (CASA), Comtech Telecomm. (CMTL), Sierra Wireless (SWIR), CalAmp (CAMP), Gilat Satellite Networks (GILT), Harmonic (HLIT), Maxar Technologies (MAXR), Ceragon Networks (CRNT), KVH Industries (KVHI) and Energous (WATT).
Who are Mitel Networks' key executives?
Mitel Networks' management team includes the folowing people:
- Mr. Richard D. McBee, CEO, Pres & Director (Age 55)
- Mr. Steven E. Spooner, Chief Financial Officer (Age 60)
- Mr. Todd A. Abbott, Exec. VP of Global Sales & Services (Age 59)
- Mr. Graham G. Bevington, Exec. VP of Bus. Devel. (Age 58)
- Mr. Robert D. Agnes, Exec. VP and Pres of Mitel Products & Solutions (Age 59)
How do I buy shares of Mitel Networks?
Shares of MITL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Mitel Networks' stock price today?
One share of MITL stock can currently be purchased for approximately $11.15.
How big of a company is Mitel Networks?
Mitel Networks has a market capitalization of $1.37 billion and generates $1.06 billion in revenue each year. The communications equipment provider earns $-49,700,000.00 in net income (profit) each year or ($0.40) on an earnings per share basis. Mitel Networks employs 3,820 workers across the globe.
What is Mitel Networks' official website?
How can I contact Mitel Networks?
Mitel Networks' mailing address is 350 LEGGET DRIVE, Ottawa A6, K2K 2W7. The communications equipment provider can be reached via phone at 613-592-2122 or via email at [email protected]
MarketBeat Community Rating for Mitel Networks (NASDAQ MITL)
MarketBeat's community ratings are surveys of what our community members think about Mitel Networks and other stocks. Vote "Outperform" if you believe MITL will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MITL will underperform the S&P 500 over the long term. You may vote once every thirty days.
