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
EmployeesN/A
Next Earnings DateN/A
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 announced that its board has authorized a share buyback program on Wednesday, March 7th 2018, which allows the company to buyback 61,000,000 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 usually 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) announced its earnings results on Wednesday, August, 1st. The communications equipment provider reported $0.29 EPS for the quarter, beating the Zacks' consensus estimate of $0.25 by $0.05. The communications equipment provider earned $324.70 million during 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.
What price target have analysts set for MITL?
3 brokers have issued 12-month target prices for Mitel Networks' shares. Their forecasts range from $11.15 to $14.00. On average, they expect Mitel Networks' stock price to reach $12.5750 in the next year. 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?
Media headlines about MITL stock have been trending somewhat positive on Saturday, InfoTrie Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Mitel Networks earned a daily sentiment score of 0.9 on InfoTrie's scale. They also assigned media coverage about the communications equipment provider a news buzz of 2.0 out of 10, indicating that recent media coverage is very unlikely to have an impact on the company's share price in the next several days.
Who are some of Mitel Networks' key competitors?
Some companies that are related to Mitel Networks include ViaSat (VSAT), Commscope (COMM), Echostar (SATS), Loral Space & Communications Ltd. (LORL), Casa Systems (CASA), Comtech Telecomm. (CMTL), Gilat Satellite Networks (GILT), Harmonic (HLIT), Sierra Wireless (SWIR), CalAmp (CAMP), Ceragon Networks (CRNT), Maxar Technologies (MAXR), KVH Industries (KVHI), Energous (WATT) and Pointer Telocation (PNTR).
What other stocks do shareholders of Mitel Networks own?
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.
How big of a company is Mitel Networks?
Mitel Networks has a market capitalization of $0.00 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.
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.
