About Mitel Networks Corporation (NASDAQ:MITL)
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: Enterprise Software
- Sub-Industry: N/A
- Symbol: NASDAQ:MITL
- CUSIP: N/A
- Web: www.mitel.com
- Market Cap: $1.04 billion
- Outstanding Shares: 118,247,000
- 50 Day Moving Avg: $8.34
- 200 Day Moving Avg: $7.59
- 52 Week Range: $6.21 - $8.94
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 8.68
- P/E Growth: 0.49
- Annual Revenue: $956 million
- Price / Sales: 1.08
- Book Value: $2.83 per share
- Price / Book: 3.10
- EBITDA: $103.4 million
- Net Margins: -20.50%
- Return on Equity: 4.69%
- Return on Assets: 1.39%
- Debt-to-Equity Ratio: 0.74%
- Current Ratio: 1.35%
- Quick Ratio: 1.06%
- Average Volume: 1.06 million shs.
- Beta: 2.71
- Short Ratio: 1.7
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 declared that its board has initiated a share repurchase program on Thursday, April 6th 2017, which allows the company to repurchase 7,820,000 outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company's management believes its stock is undervalued.
How were Mitel Networks Corporation's earnings last quarter?
Mitel Networks Corporation (NASDAQ:MITL) posted its earnings results on Thursday, July, 27th. The company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of ($0.01) by $0.14. The firm had revenue of $238.60 million for the quarter, compared to analysts' expectations of $244.55 million. Mitel Networks Corporation had a negative net margin of 20.50% and a positive return on equity of 4.69%. The firm's quarterly revenue was down 8.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.19 earnings per share. View Mitel Networks Corporation's Earnings History.
When will Mitel Networks Corporation make its next earnings announcement?
Where is Mitel Networks Corporation's stock going? Where will Mitel Networks Corporation's stock price be in 2017?
2 brokerages have issued twelve-month target prices for Mitel Networks Corporation's stock. Their forecasts range from $8.50 to $10.00. On average, they expect Mitel Networks Corporation's stock price to reach $9.25 in the next twelve months. View Analyst Ratings for Mitel Networks Corporation.
Who are some of Mitel Networks Corporation's key competitors?
Some companies that are related to Mitel Networks Corporation include Q2 Holdings (QTWO), AppFolio (APPF), MicroStrategy Incorporated (MSTR), Appian Corporation (APPN), Varonis Systems (VRNS), Talend S.A. (TLND), Luxoft Holding (LXFT), Instructure (INST), Benefitfocus (BNFT), Workiva (WK), Fidessa Group plc (FDSA), PROS Holdings (PRO), Apptio (APTI), QAD (QADA), Sapiens International Corporation N.V. (SPNS), Hortonworks (HDP), QAD (QADB) and A10 Networks (ATEN).
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
- Thomas Gerald Lokar, Chief Human Resource Officer
- Todd Abbott, Executive Vice President - Global Sales
- Robert D. Agnes, Executive Vice President and President - Enterprise Division
- Graham Bevington, Executive Vice President - Business Development
- Jon D. Brinton, Senior Vice President, Strategy and Integration — Products and Solutions Group of Mitel
- Rajib Das, Senior Vice President - Global Service Delivery
- Jamshid Rezaei, Chief Information Officer
Who owns Mitel Networks Corporation stock?
Mitel Networks Corporation's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include
ELLIOTT ASSOCIATES, L.P.
(6.00%). Company insiders that own Mitel Networks Corporation stock include Associates LP Elliott, David M Williams, Graham Bevington, Gregory James Hiscock, International LP Elliott, John Anthony Bellomo, John P Mchugh, Mahawa Vanessa Touray, Peter Charbonneau, Richard D Mcbee, Steven Edward Spooner, Sudhakar Ramakrishna, Terence H Matthews, Thomas Gerald Lokar and Wesley Dean Durow. View Institutional Ownership Trends 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?
MarketBeat Community Rating for Mitel Networks Corporation (NASDAQ MITL)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.
One share of Mitel Networks Corporation stock can currently be purchased for approximately $8.77.
Consensus Ratings for Mitel Networks Corporation (NASDAQ:MITL) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Hold Rating, 1 Buy Rating|
|Consensus Rating:||Buy (Score: 2.50)|
|Consensus Price Target: ||$9.25 (5.47% upside)|Consensus Price Target History for Mitel Networks Corporation (NASDAQ:MITL)
Analysts' Ratings History for Mitel Networks Corporation (NASDAQ:MITL)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|7/28/2017||Royal Bank Of Canada||Boost Price Target||Sector Perform||$7.50 -> $8.50||Medium|
|7/28/2017||National Bank Financial||Upgrade||Sector Perform -> Outperform||$7.50 -> $10.00||Medium|
|12/3/2015||CIBC||Reiterated Rating||Sector Outperform||$13.50 -> $12.50||N/A|
|11/5/2015||Canaccord Genuity||Reiterated Rating||Buy||$11.00||N/A|
Earnings History for Mitel Networks Corporation (NASDAQ:MITL)Earnings History by Quarter for Mitel Networks Corporation (NASDAQ MITL)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/27/2017||6/30/2017||($0.01)||$0.13||$244.55 million||$238.60 million||View||N/A|
|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 Corporation (NASDAQ:MITL)
Current Year EPS Consensus Estimate: $0.63 EPS
Next Year EPS Consensus Estimate: $1.01 EPS
Dividend History for Mitel Networks Corporation (NASDAQ:MITL)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Mitel Networks Corporation (NASDAQ:MITL)
Insider Ownership Percentage: 16.50%Insider Trades by Quarter for Mitel Networks Corporation (NASDAQ:MITL)
Institutional Ownership Percentage: 79.18%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|9/27/2017||Associates L.P. Elliott||Major Shareholder||Sell||350,475||$8.25||$2,891,418.75|| |
|9/15/2017||Associates L.P. Elliott||Major Shareholder||Sell||150,800||$8.25||$1,244,100.00|| |
|9/14/2017||Gregory James Hiscock||Insider||Sell||3,125||$8.14||$25,437.50|| |
|9/12/2017||Associates L.P. Elliott||Major Shareholder||Sell||25,000||$8.15||$203,750.00|| |
|9/6/2017||Peter Charbonneau||Director||Sell||32,668||$8.02||$261,997.36|| |
|9/1/2017||Associates L.P. Elliott||Major Shareholder||Sell||50,000||$8.26||$413,000.00|| |
|9/1/2017||John P Mchugh||Director||Sell||8,136||$8.21||$66,796.56|| |
|8/28/2017||Associates L.P. Elliott||Major Shareholder||Sell||1,000||$8.25||$8,250.00|| |
|8/25/2017||Associates L.P. Elliott||Major Shareholder||Sell||154,184||$8.29||$1,278,185.36|| |
|8/23/2017||International L.P. Elliott||Major Shareholder||Sell||192,277||$8.30||$1,595,899.10|| |
|8/22/2017||Thomas Gerald Lokar||Insider||Sell||6,000||$8.20||$49,200.00|| |
|8/21/2017||Mahawa Vanessa Touray||Insider||Sell||10,933||$8.09||$88,447.97|| |
|8/10/2017||Terence H Matthews||Chairman||Sell||1,762||$8.24||$14,518.88|| |
|8/9/2017||Terence H Matthews||Chairman||Sell||450,000||$8.32||$3,744,000.00|| |
|8/8/2017||John Anthony Bellomo||Insider||Sell||595||$8.51||$5,063.45|| |
|8/8/2017||Terence H Matthews||Chairman||Sell||350,000||$8.35||$2,922,500.00|| |
|8/7/2017||Thomas Gerald Lokar||Insider||Sell||18,736||$8.64||$161,879.04|| |
|7/31/2017||Richard D Mcbee||Insider||Sell||130,000||$8.35||$1,085,500.00|| |
|7/28/2017||Richard D Mcbee||Insider||Sell||50,000||$8.14||$407,000.00|| |
|7/24/2017||Richard D Mcbee||Insider||Sell||80,000||$7.26||$580,800.00|| |
|7/17/2017||Richard D Mcbee||Insider||Sell||55,000||$7.07||$388,850.00|| |
|6/9/2017||David M Williams||Director||Buy||10,000||$7.51||$75,100.00|| |
|6/8/2017||Gregory James Hiscock||Insider||Sell||3,750||$7.34||$27,525.00|| |
|5/24/2017||Terence H Matthews||Chairman||Sell||971,900||$7.08||$6,881,052.00|| |
|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 Corporation (NASDAQ:MITL)
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Mitel Networks Corporation (MITL) Chart for Sunday, October, 22, 2017