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
Stock Exchange NASDAQ
Industry Radio & t.v. communications equipment
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:MITL
Previous Symbol
CUSIPN/A
Phone613-592-2122
Debt
Debt-to-Equity Ratio1.19
Current Ratio0.94
Quick Ratio0.77
Price-To-Earnings
Trailing P/E Ratio-27.43
Forward P/E Ratio-42.19
P/E GrowthN/A
Sales & Book Value
Annual Sales$1.06 billion
Price / Sales1.27
Cash Flow$0.2188 per share
Price / Cash50.14
Book Value$3.26 per share
Price / Book3.37
Profitability
EPS (Most Recent Fiscal Year)($0.40)
Net Income$-49,700,000.00
Net Margins-1.07%
Return on Equity-3.71%
Return on Assets-0.91%
Miscellaneous
Employees3,820
Outstanding Shares123,090,000
Market Cap$1.35 billion
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 declared that its Board of Directors has approved a share repurchase program on Wednesday, March 7th 2018, which allows the company to repurchase 61,000,000 outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.
How were Mitel Networks' earnings last quarter?
Mitel Networks Corp (NASDAQ:MITL) released its quarterly earnings data on Wednesday, August, 1st. The communications equipment provider reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.05. The communications equipment provider had revenue of $324.70 million for the quarter. Mitel Networks had a negative net margin of 1.07% and a negative return on equity of 3.71%. View Mitel Networks' Earnings History.
When is Mitel Networks' next earnings date?
What price target have analysts set for MITL?
4 analysts have issued 1 year price objectives 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. This suggests a possible upside of 14.6% from the stock's current price. View Analyst Price Targets for Mitel Networks.
What is the consensus analysts' recommendation 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." View Analyst Ratings for Mitel Networks.
Has Mitel Networks been receiving favorable news coverage?
News coverage about MITL stock has been trending somewhat negative on Wednesday, according to InfoTrie Sentiment. The research group identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Mitel Networks earned a media sentiment score of -1.9 on InfoTrie's scale. They also gave press coverage about the communications equipment provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the immediate future.
Are investors shorting Mitel Networks?
Mitel Networks saw a increase in short interest in the month of October. As of October 31st, there was short interest totalling 1,178,470 shares, an increase of 78.9% from the October 15th total of 658,632 shares. Based on an average trading volume of 797,681 shares, the short-interest ratio is presently 1.5 days. Approximately 1.0% of the company's shares are short sold. View Mitel Networks' Current Options Chain.
Who are some of Mitel Networks' key competitors?
Some companies that are related to Mitel Networks include ARRIS International (ARRS), ViaSat (VSAT), Echostar (SATS), Commscope (COMM), Loral Space & Communications Ltd. (LORL), Casa Systems (CASA), Maxar Technologies (MAXR), CalAmp (CAMP), Comtech Telecomm. (CMTL), Sierra Wireless (SWIR), Gilat Satellite Networks (GILT), Harmonic (HLIT), Ceragon Networks (CRNT), Energous (WATT) and KVH Industries (KVHI).
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)
Who are Mitel Networks' major shareholders?
Mitel Networks' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Alpine Associates Management Inc. (4.51%), Gabelli Funds LLC (2.18%), Investment Counselors of Maryland LLC (1.99%), Water Island Capital LLC (1.70%), GABELLI & Co INVESTMENT ADVISERS INC. (1.69%) and Alliancebernstein L.P. (1.34%). Company insiders that own Mitel Networks stock include Associates LP Elliott, Benjamin Ball, 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, Todd Abbott and Wesley Dean Durow. View Institutional Ownership Trends for Mitel Networks.
Which major investors are selling Mitel Networks stock?
MITL stock was sold by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, Alliancebernstein L.P., Alpine Associates Management Inc., Ancora Advisors LLC, Lapides Asset Management LLC, Bank of New York Mellon Corp, Heartland Advisors Inc. and Allianz Asset Management GmbH. Company insiders that have sold Mitel Networks company stock in the last year include Benjamin Ball, Colin Ross Mcanuff, Graham Bevington, John P Mchugh, Jon Brinton, Mahawa Vanessa Touray, Martha Helena Bejar, Peter Charbonneau, Stavros Pethakas, Steven Edward Spooner, Terence H Matthews, Todd Abbott and Wesley Dean Durow. View Insider Buying and Selling for Mitel Networks.
Which major investors are buying Mitel Networks stock?
MITL stock was purchased by a variety of institutional investors in the last quarter, including Water Island Capital LLC, Gabelli Funds LLC, GABELLI & Co INVESTMENT ADVISERS INC., Candriam Luxembourg S.C.A., City Financial Investment Co Ltd, Longfellow Investment Management Co. LLC, JPMorgan Chase & Co. and JPMorgan Chase & Co.. 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.
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.
What is Mitel Networks' stock price today?
One share of MITL stock can currently be purchased for approximately $10.97.
How big of a company is Mitel Networks?
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.
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.
