NASDAQ:MITL - Mitel Networks Stock Price, Price Target & More

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

Mitel Networks announced that its Board of Directors has approved a stock repurchase plan on Wednesday, March 7th 2018, which allows the company to buyback 61,000,000 shares, according to EventVestor. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.

Mitel Networks Corp (NASDAQ:MITL) issued its quarterly earnings data on Wednesday, May, 2nd. The communications equipment provider reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.15) by $0.30. The communications equipment provider earned $313.80 million during the quarter, compared to analysts' expectations of $309.50 million. Mitel Networks had a negative net margin of 4.31% and a negative return on equity of 14.62%. View Mitel Networks' Earnings History.

Mitel Networks is scheduled to release their next quarterly earnings announcement on Thursday, July, 26th 2018. View Earnings Estimates for Mitel Networks.

4 equities research analysts have issued twelve-month target prices for Mitel Networks' stock. Their forecasts range from $11.15 to $14.00. On average, they expect Mitel Networks' stock price to reach $13.05 in the next twelve months. This suggests a possible upside of 18.9% from the stock's current price. View Analyst Ratings for Mitel Networks.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mitel Networks in the last year. There are currently 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."

Mitel Networks saw a decline in short interest during the month of June. As of June 15th, there was short interest totalling 659,470 shares, a decline of 23.3% from the May 31st total of 860,264 shares. Based on an average daily volume of 2,356,663 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.6% of the company's shares are sold short. View Mitel Networks' Current Options Chain.

Some companies that are related to Mitel Networks include ARRIS International (ARRS), Echostar (SATS), ViaSat (VSAT), Maxar Technologies (MAXR), Casa Systems (CASA), Loral Space & Communications Ltd. (LORL), CalAmp (CAMP), Comtech Telecomm. (CMTL), Sierra Wireless (SWIR), Gilat Satellite Networks (GILT), Harmonic (HLIT), Energous (WATT), Ceragon Networks (CRNT), KVH Industries (KVHI) and Vuzix (VUZI).

News headlines about MITL stock have been trending somewhat positive on Monday, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Mitel Networks earned a news impact score of 0.24 on Accern's scale. They also assigned media stories about the communications equipment provider an impact score of 46.73 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the next few days.

Mitel Networks' stock is owned by many different of retail and institutional investors. Top institutional shareholders include SAND GROVE CAPITAL MANAGEMENT LLP (5.50%), RIVER ROAD ASSET MANAGEMENT, LLC (3.10%), Tokio Marine Asset Management Co. Ltd. (0.36%), Bank of Montreal Can (0.15%), Cornerstone Wealth Management LLC (0.06%) and Sphinx Trading LP (0.02%). Company insiders that own Mitel Networks stock include Associates LP Elliott, Colin Ross Mcanuff, David M Williams, Graham Bevington, Gregory James Hiscock, International LP Elliott, John Anthony Bellomo, John P Mchugh, Jon Brinton, Mahawa Vanessa Touray, Martha Helena Bejar, Peter Charbonneau, Richard D Mcbee, Stavros Pethakas, Steven Edward Spooner, Sudhakar Ramakrishna, Terence H Matthews, Thomas Gerald Lokar and Wesley Dean Durow. View Institutional Ownership Trends for Mitel Networks.

MITL stock was bought by a variety of institutional investors in the last quarter, including Tokio Marine Asset Management Co. Ltd., Bank of Montreal Can, Cornerstone Wealth Management LLC, Sphinx Trading LP and Xact Kapitalforvaltning AB. Company insiders that have bought Mitel Networks stock in the last two years include David M Williams and Richard D Mcbee. View Insider Buying and Selling for 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.

One share of MITL stock can currently be purchased for approximately $10.98.

Mitel Networks has a market capitalization of $1.35 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.

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]