Mitel Networks Corporation Company Profile (NASDAQ:MITL)

About Mitel Networks Corporation (NASDAQ:MITL)

Mitel Networks Corporation logoMitel 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: Enterprise Software
  • Sub-Industry: N/A
  • Symbol: NASDAQ:MITL
  • CUSIP: N/A
  • Web: www.mitel.com
Capitalization:
  • Market Cap: $919.24 million
  • Outstanding Shares: 122,729,000
Average Prices:
  • 50 Day Moving Avg: $7.27
  • 200 Day Moving Avg: $7.00
  • 52 Week Range: $6.21 - $8.52
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: Infinity
  • P/E Growth: 12.07
Sales & Book Value:
  • Annual Revenue: $977.7 million
  • Price / Sales: 0.94
  • Book Value: $2.95 per share
  • Price / Book: 2.54
Profitability:
  • EBIDTA: $111.8 million
  • Net Margins: -20.19%
  • Return on Equity: 8.69%
  • Return on Assets: 2.62%
Debt:
  • Debt-to-Equity Ratio: 0.62%
  • Current Ratio: 1.38%
  • Quick Ratio: 1.11%
Misc:
  • Average Volume: 572,011 shs.
  • Beta: 2.55
  • Short Ratio: 1.87
 
Frequently Asked Questions for Mitel Networks Corporation (NASDAQ:MITL)

What is Mitel Networks Corporation's stock symbol?

Mitel Networks Corporation trades on the NASDAQ under the ticker symbol "MITL."

How will Mitel Networks Corporation's stock buyback program work?

Mitel Networks Corporation announced that its Board of Directors has authorized a share buyback program 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 reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its shares are undervalued.

How were Mitel Networks Corporation's earnings last quarter?

Mitel Networks Corporation (NASDAQ:MITL) issued its quarterly earnings results on Thursday, July, 27th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.15 by $0.02. The business had revenue of $238.60 million for the quarter, compared to the consensus estimate of $244.55 million. Mitel Networks Corporation had a positive return on equity of 8.69% and a negative net margin of 20.19%. The firm's revenue for the quarter was down 8.3% on a year-over-year basis. During the same period last year, the firm earned $0.19 EPS. View Mitel Networks Corporation's Earnings History.

When will Mitel Networks Corporation make its next earnings announcement?

Mitel Networks Corporation is scheduled to release their next quarterly earnings announcement on Thursday, July, 27th 2017. View Earnings Estimates for Mitel Networks Corporation.

Where is Mitel Networks Corporation's stock going? Where will Mitel Networks Corporation's stock price be in 2017?

2 brokers have issued 12-month price targets for Mitel Networks Corporation's stock. Their predictions range from $7.50 to $10.50. On average, they anticipate Mitel Networks Corporation's share price to reach $9.00 in the next twelve months. View Analyst Ratings for Mitel Networks Corporation.

Who are some of Mitel Networks Corporation's key competitors?

Who are Mitel Networks Corporation's key executives?

Mitel Networks Corporation's management team includes the folowing people:

  • Terence Hedley Matthews, Independent Chairman of the Board
  • Richard D. McBee, President, Chief Executive Officer, Director
  • Steven E. Spooner, Chief Financial Officer
  • B. G. Kumar, President - Mitel Mobile Division
  • Thomas Gerald Lokar, Chief Human Resource Officer
  • Todd Abbott, Executive Vice President - Global Sales
  • Graham Bevington, Executive Vice President - Business Development
  • Jon D. Brinton, Executive Vice President, President - Mitel Cloud Division
  • Wes Durow, Chief Marketing Officer
  • Peter D. Charbonneau, Lead Independent Director

Who owns Mitel Networks Corporation stock?

Mitel Networks Corporation's stock is owned by a number of of retail and institutional investors. Top institutional investors include Acadian Asset Management LLC (0.59%), Russell Investments Group Ltd. (0.22%), Eidelman Virant Capital (0.14%), Hamilton Lane Advisors LLC (0.13%), Bank of Montreal Can (0.10%) and Strs Ohio (0.04%). Company insiders that own Mitel Networks Corporation stock include David M Williams, Graham Bevington, Gregory James Hiscock, Mahawa Vanessa Touray, Richard D Mcbee, Steven Edward Spooner, Sudhakar Ramakrishna, Terence H Matthews and Wesley Dean Durow. View Institutional Ownership Trends for Mitel Networks Corporation.

Who sold Mitel Networks Corporation stock? Who is selling Mitel Networks Corporation stock?

Mitel Networks Corporation's stock was sold by a variety of institutional investors in the last quarter, including Hamilton Lane Advisors LLC. Company insiders that have sold Mitel Networks Corporation stock in the last year include Graham Bevington, Gregory James Hiscock, Mahawa Vanessa Touray, Richard D Mcbee, Steven Edward Spooner, Sudhakar Ramakrishna, Terence H Matthews and Wesley Dean Durow. View Insider Buying and Selling for Mitel Networks Corporation.

Who bought Mitel Networks Corporation stock? Who is buying Mitel Networks Corporation stock?

Mitel Networks Corporation's stock was purchased by a variety of institutional investors in the last quarter, including Acadian Asset Management LLC, Eidelman Virant Capital, Campbell & CO Investment Adviser LLC, Russell Investments Group Ltd. and Bank of Montreal Can. View Insider Buying and Selling for Mitel Networks Corporation.

How do I buy Mitel Networks Corporation stock?

Shares of Mitel Networks Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Mitel Networks Corporation's stock price today?

One share of Mitel Networks Corporation stock can currently be purchased for approximately $7.50.


MarketBeat Community Rating for Mitel Networks Corporation (NASDAQ MITL)
Community Ranking:  3.2 out of 5 (  )
Outperform Votes:  164 (Vote Outperform)
Underperform Votes:  94 (Vote Underperform)
Total Votes:  258
MarketBeat's community ratings are surveys of what our community members think about Mitel Networks Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Mitel Networks Corporation (NASDAQ:MITL) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 2 Hold Ratings
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $9.00 (20.00% upside)

Analysts' Ratings History for Mitel Networks Corporation (NASDAQ:MITL)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/4/2017National Bank FinancialDowngradeOutperform -> Sector PerformMediumView Rating Details
5/2/2017Royal Bank Of CanadaReiterated RatingHold$7.50MediumView Rating Details
12/3/2015CIBCReiterated RatingSector Outperform$13.50 -> $12.50N/AView Rating Details
11/5/2015Canaccord GenuityReiterated RatingBuy$11.00N/AView Rating Details
(Data available from 7/27/2015 forward)

Earnings

Earnings History for Mitel Networks Corporation (NASDAQ:MITL)
Earnings by Quarter for Mitel Networks Corporation (NASDAQ:MITL)
Earnings History by Quarter for Mitel Networks Corporation (NASDAQ MITL)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
7/27/20176/30/2017$0.15$0.13$244.55 million$238.60 millionViewN/AView Earnings Details
2/23/2017Q416$0.23$0.11$301.63 million$277.50 millionViewN/AView Earnings Details
11/3/2016Q316$0.12$0.20$284.98 million$279.80 millionViewN/AView Earnings Details
8/4/2016Q216$0.14$0.19$292.05 million$307.20 millionViewN/AView Earnings Details
5/5/2016Q116$0.07$0.06$281.88 million$276.80 millionViewListenView Earnings Details
2/25/2016Q415$0.28$0.29$332.43 million$335.70 millionViewListenView Earnings Details
11/5/2015Q315$0.08$0.12$287.30 million$293.70 millionViewN/AView Earnings Details
8/6/2015Q215$0.17$0.16$292.15 million$292.30 millionViewN/AView Earnings Details
5/7/2015Q115$0.15$0.14$256.48 million$248.10 millionViewN/AView Earnings Details
2/26/2015Q414$0.27$0.35$303.23 million$301.40 millionViewN/AView Earnings Details
11/6/2014Q115$0.16$0.18$270.70 billion$272.40 billionViewN/AView Earnings Details
8/7/2014Q414$0.23$0.20$286.20 million$288.70 millionViewN/AView Earnings Details
5/8/2014Q314$0.08$0.21$146.50 million$241.50 millionViewN/AView Earnings Details
12/5/2013Q2$0.20$0.22$146.22 million$144.90 millionViewListenView Earnings Details
8/29/2013Q114$0.15$0.17$143.50 million$141.60 millionViewN/AView Earnings Details
6/24/2013Q413$0.24$0.25$145.71 million$150.90 millionViewN/AView Earnings Details
2/28/2013Q312$0.22$0.23$143.03 million$142.00 millionViewN/AView Earnings Details
11/29/20120.25$0.25$145.50 millionViewN/AView Earnings Details
8/30/2012Q113$0.14$0.08$141.16 million$138.50 millionViewN/AView Earnings Details
6/19/2012$0.24$0.30ViewN/AView Earnings Details
3/1/2012$0.21$0.21ViewN/AView Earnings Details
12/1/2011$0.17$0.24ViewN/AView Earnings Details
9/1/2011$0.14$0.16ViewN/AView Earnings Details
6/30/2011$0.14$0.19ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Mitel Networks Corporation (NASDAQ:MITL)
Current Year EPS Consensus Estimate: $-0.1 EPS

Dividends

Dividend History for Mitel Networks Corporation (NASDAQ:MITL)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for Mitel Networks Corporation (NASDAQ:MITL)
Insider Ownership Percentage: 16.50%
Institutional Ownership Percentage: 75.11%
Insider Trades by Quarter for Mitel Networks Corporation (NASDAQ:MITL)
Institutional Ownership by Quarter for Mitel Networks Corporation (NASDAQ:MITL)
Insider Trades by Quarter for Mitel Networks Corporation (NASDAQ:MITL)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
7/24/2017Richard D McbeeInsiderSell80,000$7.26$580,800.00View SEC Filing  
7/17/2017Richard D McbeeInsiderSell55,000$7.07$388,850.00View SEC Filing  
6/9/2017David M WilliamsDirectorBuy10,000$7.51$75,100.00View SEC Filing  
6/8/2017Gregory James HiscockInsiderSell3,750$7.34$27,525.00View SEC Filing  
5/24/2017Terence H MatthewsChairmanSell971,900$7.08$6,881,052.00View SEC Filing  
5/19/2017Mahawa Vanessa TourayInsiderSell127$6.59$836.93View SEC Filing  
5/16/2017Wesley Dean DurowInsiderSell1,334$6.77$9,031.18View SEC Filing  
5/15/2017Terence H MatthewsChairmanSell2,245$6.60$14,817.00View SEC Filing  
3/10/2017David M WilliamsDirectorBuy15,000$6.90$103,500.00View SEC Filing  
3/10/2017Steven Edward SpoonerCFOSell24,767$6.95$172,130.65View SEC Filing  
3/10/2017Wesley Dean DurowInsiderSell2,613$6.95$18,160.35View SEC Filing  
3/3/2017Terence H MatthewsChairmanSell1,199$6.49$7,781.51View SEC Filing  
3/2/2017David M WilliamsDirectorBuy15,000$6.54$98,100.00View SEC Filing  
3/2/2017Graham BevingtonInsiderSell801$6.58$5,270.58View SEC Filing  
3/2/2017Steven Edward SpoonerCFOSell4,040$6.58$26,583.20View SEC Filing  
3/1/2017Sudhakar RamakrishnaDirectorSell513$6.67$3,421.71View SEC Filing  
3/1/2017Terence H MatthewsChairmanSell254,699$6.64$1,691,201.36View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Mitel Networks Corporation (NASDAQ:MITL)
Latest Headlines for Mitel Networks Corporation (NASDAQ:MITL)
Source:
DateHeadline
seekingalpha.com logoMitel Is A Value Play In Unified Communications
seekingalpha.com - July 27 at 4:24 AM
americanbankingnews.com logoMitel Networks Corporation (MITL) Insider Richard D. Mcbee Sells 80,000 Shares
www.americanbankingnews.com - July 25 at 1:17 PM
americanbankingnews.com logoZacks: Brokerages Set $8.17 Price Target for Mitel Networks Corporation (MITL)
www.americanbankingnews.com - July 20 at 8:42 AM
americanbankingnews.com logoMitel Networks Corporation (MITL) Insider Richard D. Mcbee Sells 55,000 Shares
www.americanbankingnews.com - July 19 at 1:15 PM
americanbankingnews.com logo Brokerages Expect Mitel Networks Corporation (MITL) Will Post Quarterly Sales of $248.00 Million
www.americanbankingnews.com - July 8 at 9:44 AM
americanbankingnews.com logoMitel Networks Corporation (NASDAQ:MITL) Expected to Post Earnings of -$0.01 Per Share
www.americanbankingnews.com - July 6 at 12:19 PM
americanbankingnews.com logo Brokerages Set $8.17 Target Price for Mitel Networks Corporation (MITL)
www.americanbankingnews.com - July 5 at 9:38 AM
americanbankingnews.com logoZacks: Mitel Networks Corporation (MITL) Receives Consensus Rating of "Buy" from Brokerages
www.americanbankingnews.com - June 20 at 8:20 AM
americanbankingnews.com logoZacks: Analysts Anticipate Mitel Networks Corp (MITL) Will Announce Quarterly Sales of $248.00 Million
www.americanbankingnews.com - June 14 at 11:50 AM
finance.yahoo.com logoMitel Networks Corporation (MITL)
finance.yahoo.com - June 13 at 6:42 PM
businesswire.com logoEdgewater Networks and Mitel Partner to Certify the 6800 Series SIP Phones in Edgewater Networks QuickConnect Interoperability Lab
www.businesswire.com - June 13 at 6:41 PM
americanbankingnews.com logoMitel Networks Corporation (MITL) Short Interest Up 45.9% in May
www.americanbankingnews.com - June 13 at 7:14 AM
americanbankingnews.com logoZacks: Brokerages Expect Mitel Networks Corporation (MITL) Will Post Earnings of -$0.01 Per Share
www.americanbankingnews.com - June 12 at 2:32 PM
americanbankingnews.com logoInsider Buying: Mitel Networks Corporation (MITL) Director Buys 10,000 Shares of Stock
www.americanbankingnews.com - June 12 at 1:36 PM
americanbankingnews.com logoInsider Selling: Mitel Networks Corporation (MITL) Insider Sells 3,750 Shares of Stock
www.americanbankingnews.com - June 12 at 10:32 AM
nasdaq.com logoInseego Announces Termination of Transaction with TCL, Leadership Changes, and Company-Wide Restructuring
www.nasdaq.com - June 7 at 6:12 PM
americanbankingnews.com logoZacks: Mitel Networks Corp (MITL) Receives Consensus Recommendation of "Buy" from Brokerages
www.americanbankingnews.com - June 5 at 9:40 AM
americanbankingnews.com logoMitel Networks Corp (MITL) Short Interest Up 32.0% in May
www.americanbankingnews.com - May 28 at 7:18 AM
americanbankingnews.com logoTerence H. Matthews Sells 971,900 Shares of Mitel Networks Corp (MITL) Stock
www.americanbankingnews.com - May 26 at 7:26 PM
finance.yahoo.com logoMitel Networks Corp. :MITL-US: Earnings Analysis: Q1, 2017 By the Numbers : May 25, 2017
finance.yahoo.com - May 25 at 10:42 AM
seekingalpha.com logoMitel Networks (MITL) Presents At Needham Emerging Technology Conference - Slideshow
seekingalpha.com - May 24 at 10:43 AM
americanbankingnews.com logoZacks: Analysts Set $8.17 Price Target for Mitel Networks Corp (MITL)
www.americanbankingnews.com - May 19 at 1:20 PM
americanbankingnews.com logo$248 Million in Sales Expected for Mitel Networks Corp (MITL) This Quarter
www.americanbankingnews.com - May 17 at 8:56 AM
finance.yahoo.com logoMitel 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
americanbankingnews.com logoTerence H. Matthews Sells 2,245 Shares of Mitel Networks Corp (MITL) Stock
www.americanbankingnews.com - May 16 at 1:40 PM
americanbankingnews.com logoMitel Networks Corp (MITL) Expected to Post Earnings of -$0.01 Per Share
www.americanbankingnews.com - May 16 at 12:22 AM
streetinsider.com logoMitel Networks (MITL) Signs MoU with Toshiba to Transfer Unified Communications Systems Business Assets
www.streetinsider.com - May 12 at 5:55 AM
globenewswire.com logoMitel to Present at the Needham Emerging Technology Conference ... - GlobeNewswire (press release)
globenewswire.com - May 12 at 12:03 AM
streetinsider.com logoMitel Networks (MITL) Signs MoU with Toshiba to Transfer Unified Communications Systems Business Assets - StreetInsider.com
www.streetinsider.com - May 12 at 12:03 AM
finance.yahoo.com logoEdited Transcript of MITL earnings conference call or presentation 4-May-17 12:30pm GMT
finance.yahoo.com - May 7 at 1:54 AM
finance.yahoo.com logoMitel 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
americanbankingnews.com logoNational Bank Financial Downgrades Mitel Networks Corp (MITL) to Sector Perform
www.americanbankingnews.com - May 4 at 6:18 PM
americanbankingnews.com logoZacks: Analysts Set $8.67 Target Price for Mitel Networks Corp (MITL)
www.americanbankingnews.com - May 4 at 11:24 AM
finance.yahoo.com logoInvestor Network: Mitel Networks Corporation to Host Earnings Call
finance.yahoo.com - May 4 at 8:46 AM
finance.yahoo.com logoMitel Reports Solid March Quarter Revenues and Earnings Per Share
finance.yahoo.com - May 3 at 5:37 PM
americanbankingnews.com logoMitel Networks Corp (MITL) Receiving Positive Press Coverage, AlphaOne Reports
www.americanbankingnews.com - May 3 at 2:42 PM
americanbankingnews.com logoMitel Networks Corp's (MITL) "Hold" Rating Reiterated at Royal Bank of Canada
www.americanbankingnews.com - May 2 at 3:04 PM
americanbankingnews.com logoMitel Networks Corp (MITL) Given Daily News Impact Rating of 0.08
www.americanbankingnews.com - April 28 at 8:12 PM
americanbankingnews.com logo$221.5 Million in Sales Expected for Mitel Networks Corp (MITL) This Quarter
www.americanbankingnews.com - April 27 at 12:52 PM
finance.yahoo.com logoMitel Networks Corp. – Value Analysis (NASDAQ:MITL) : April 26, 2017
finance.yahoo.com - April 26 at 5:47 PM
americanbankingnews.com logoSomewhat Negative Media Coverage Somewhat Unlikely to Impact Mitel Networks Corp (MITL) Share Price
www.americanbankingnews.com - April 25 at 6:40 PM
finance.yahoo.com logoMitel 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
americanbankingnews.com logoMitel Networks Corp (MITL) Receiving Somewhat Favorable Press Coverage, Report Shows
www.americanbankingnews.com - April 22 at 9:35 AM
americanbankingnews.com logo Analysts Set $8.25 Price Target for Mitel Networks Corp (MITL)
www.americanbankingnews.com - April 19 at 8:16 AM
americanbankingnews.com logoMitel Networks Corp (MITL) Earning Very Positive News Coverage, Study Finds
www.americanbankingnews.com - April 16 at 7:50 AM
americanbankingnews.com logoSomewhat Favorable Media Coverage Very Likely to Impact Mitel Networks Corp (MITL) Share Price
www.americanbankingnews.com - April 13 at 3:49 PM
americanbankingnews.com logoMitel Networks Corp (MITL) to Buyback 7,820,000 Outstanding Stock
www.americanbankingnews.com - April 6 at 4:19 PM
americanbankingnews.com logoZacks: Mitel Networks Corp (MITL) Given $8.25 Consensus Target Price by Analysts
www.americanbankingnews.com - April 5 at 12:28 AM
americanbankingnews.com logoMitel Networks Corp (MITL) Short Interest Down 24.4% in March
www.americanbankingnews.com - March 28 at 8:38 AM
americanbankingnews.com logoMitel Networks Corp (MITL) Director Buys $103,500.00 in Stock
www.americanbankingnews.com - March 10 at 7:37 PM

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Mitel Networks Corporation (MITL) Chart for Thursday, July, 27, 2017

This page was last updated on 7/27/2017 by MarketBeat.com Staff