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 initiated 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 buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its shares are undervalued.

Mitel Networks Corp (NASDAQ:MITL) announced its quarterly earnings results 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' shares. Their predictions range from $11.15 to $14.00. On average, they expect Mitel Networks' share price to reach $13.05 in the next year. View Analyst Ratings for Mitel Networks.

Mitel Networks saw a drop in short interest in May. As of May 31st, there was short interest totalling 860,264 shares, a drop of 26.0% from the May 15th total of 1,162,149 shares. Based on an average daily trading volume, of 2,306,634 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.7% of the shares of the company 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), Energous (WATT), Harmonic (HLIT), Ceragon Networks (CRNT), KVH Industries (KVHI) and Vuzix (VUZI).

Headlines about MITL stock have trended somewhat positive this week, according to Accern. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Mitel Networks earned a news impact score of 0.14 on Accern's scale. They also assigned news coverage about the communications equipment provider an impact score of 45.10 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.

Mitel Networks' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include River Road Asset Management LLC (6.18%), SAND GROVE CAPITAL MANAGEMENT LLP (5.50%), P2 Capital Partners LLC (4.95%), Rubric Capital Management LP (3.93%), RIVER ROAD ASSET MANAGEMENT, LLC (3.10%) and Keeley Teton Advisors LLC (2.13%). 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 sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp, GSA Capital Partners LLP, Royal Bank of Canada, Keeley Teton Advisors LLC, Russell Investments Group Ltd., Sentry Investments Corp. and Sei Investments Co.. Company insiders that have sold Mitel Networks company stock in the last year include Associates LP Elliott, Colin Ross Mcanuff, 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, Terence H Matthews and Thomas Gerald Lokar. View Insider Buying and Selling for Mitel Networks.

MITL stock was acquired by a variety of institutional investors in the last quarter, including P2 Capital Partners LLC, Legion Partners Asset Management LLC, Heartland Advisors Inc., Rubric Capital Management LP, Wells Fargo & Company MN, River Road Asset Management LLC, Balter Liquid Alternatives LLC and Knott David M. 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 $10.96.

Mitel Networks has a market capitalization of $1.34 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]