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 share repurchase program on Wednesday, March 7th 2018, which authorizes the company to buyback 61,000,000 outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's board 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 Zacks' consensus estimate of ($0.15) by $0.30. The communications equipment provider had revenue of $313.80 million for the quarter, compared to analyst estimates of $309.50 million. Mitel Networks had a negative return on equity of 14.62% and a negative net margin of 4.31%. 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 1-year price objectives for Mitel Networks' shares. Their predictions range from $11.15 to $14.00. On average, they expect Mitel Networks' stock 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 short-interest ratio is presently 0.4 days. Currently, 0.7% of the company's stock 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 on Friday, according to Accern. The research group identifies positive and negative press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Mitel Networks earned a news impact score of 0.11 on Accern's scale. They also gave news articles about the communications equipment provider an impact score of 48.19 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next several days.

Mitel Networks' stock is owned by a number of of retail and institutional investors. Top institutional investors 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 purchased 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]