GTT Communications, Inc. provides cloud networking services to a range of clients. The Company offers a portfolio of global communications services, wide area network (WAN) services; Internet services; managed network and security services, and voice and unified communication services. It provides Layer 2 (Ethernet) and Layer 3 (multiprotocol label switching (MPLS)) WAN solutions for multinational clients. It offers customers with high-bandwidth global Internet connectivity and Internet protocol (IP) transit with availability and packet delivery. The Company offers managed network services, including managed equipment, managed security services and managed remote access. Its Session Initiation Protocol (SIP) Trunking service is an enterprise-built unified communications offering that integrates voice, video and chat onto a single IP connection. As of December 31, 2016, it had provided services to multinational enterprises, carriers and government customers in over 100 countries.
Industry, Sector and Symbol:
- Sector: Computer and Technology
- Industry: Cloud Computing Services
- Sub-Industry: N/A
- Symbol: NYSE:GTT
- CUSIP: N/A
- Web: www.gtt.net
Capitalization:- Market Cap: $1.34309 billion
- Outstanding Shares: 41,262,000
Average Prices:- 50 Day Moving Avg: $30.81
- 200 Day Moving Avg: $28.02
- 52 Week Range: $16.40 - $34.20
P/E:- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 32.60
- P/E Growth: -8.68
Sales & Book Value:- Annual Revenue: $579.62 million
- Price / Sales: 2.41
- Book Value: $5.26 per share
- Price / Book: 6.44
Profitability:- EBIDTA: $128.11 million
- Net Margins: -2.15%
- Return on Equity: 4.57%
- Return on Assets: 0.72%
Debt:- Debt-to-Equity Ratio: 4.40%
- Current Ratio: 0.95%
- Quick Ratio: 0.95%
Misc:- Average Volume: 255,591 shs.
- Beta: 1.41
- Short Ratio: 8.95
Frequently Asked Questions for GTT Communications (NYSE:GTT)
What is GTT Communications' stock symbol?
GTT Communications trades on the New York Stock Exchange (NYSE) under the ticker symbol "GTT."
How were GTT Communications' earnings last quarter?
GTT Communications, Inc. (NYSE:GTT) posted its quarterly earnings results on Thursday, May, 4th. The company reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.12) by $0.30. The business earned $182.40 million during the quarter, compared to analyst estimates of $179.16 million. GTT Communications had a negative net margin of 2.15% and a positive return on equity of 4.57%. GTT Communications's quarterly revenue was up 46.6% on a year-over-year basis. View GTT Communications' Earnings History.
Where is GTT Communications' stock going? Where will GTT Communications' stock price be in 2017?
6 brokers have issued 12 month price targets for GTT Communications' shares. Their predictions range from $28.00 to $40.00. On average, they expect GTT Communications' share price to reach $34.83 in the next twelve months. View Analyst Ratings for GTT Communications.
Who are some of GTT Communications' key competitors?
Some companies that are related to GTT Communications include Cornerstone OnDemand (CSOD), Qualys (QLYS), Synchronoss Technologies (SNCR), Veritone (VERI), support.com (SPRT), Marin Software Incorporated (MRIN), Blur Group PLC (BLUR), Demandware (DWRE), E2open (EOPN), Incontact (SAAS), Rackspace Hosting (RAX) and Rally Software Development Corp (RALY).
Who are GTT Communications' key executives?
GTT Communications' management team includes the folowing people:
- H. Brian Thompson, Executive Chairman of the Board
- Richard D. Calder Jr., Chief Executive Officer, Director
- Michael T. Sicoli, Chief Financial Officer
- Christopher T. McKee, Executive Vice President - Corporate Development, General Counsel, Corporate Secretary
- Layne Levine, chief revenue officer
- Rhodric C. Hackman, Lead Independent Director
- Nicola Adamo, Independent Director
- S. Joseph Bruno, Independent Director
- Howard E. Janzen, Independent Director
- Elizabeth Satin, Independent Director
Who owns GTT Communications stock?
GTT Communications' stock is owned by many different of institutional and retail investors. Top institutional investors include Gilder Gagnon Howe & Co. LLC (4.70%), Dimensional Fund Advisors LP (3.92%), Vanguard Group Inc. (2.69%), Emerald Advisers Inc. PA (2.38%), Pembroke Management LTD (2.21%) and Emerald Mutual Fund Advisers Trust (2.13%). Company insiders that own GTT Communications stock include Chris Mckee, Elizabeth Satin, Howard E Janzen, Morgan E Obrien, Nicola Adamo, Richard Calder and Theodore B Smith III. View Institutional Ownership Trends for GTT Communications.
Who sold GTT Communications stock? Who is selling GTT Communications stock?
GTT Communications' stock was sold by a variety of institutional investors in the last quarter, including Kalmar Investments Inc. DE, Lyon Street Capital LLC, Driehaus Capital Management LLC, Granahan Investment Management Inc. MA, Wells Fargo & Company MN, AlphaOne Investment Services LLC, Nationwide Fund Advisors and Pembroke Management LTD. Company insiders that have sold GTT Communications stock in the last year include Chris Mckee, Howard E Janzen and Richard Calder. View Insider Buying and Selling for GTT Communications.
Who bought GTT Communications stock? Who is buying GTT Communications stock?
GTT Communications' stock was bought by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Kennedy Capital Management Inc., EAM Investors LLC, State of Tennessee Treasury Department, Renaissance Technologies LLC, Vanguard Group Inc., FMR LLC and Formula Growth Ltd.. Company insiders that have bought GTT Communications stock in the last two years include Elizabeth Satin, Nicola Adamo and Theodore B Smith III. View Insider Buying and Selling for GTT Communications.
How do I buy GTT Communications stock?
Shares of GTT Communications can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is GTT Communications' stock price today?
One share of GTT Communications stock can currently be purchased for approximately $33.90.
MarketBeat Community Rating for GTT Communications (NYSE GTT)MarketBeat's community ratings are surveys of what our community members think about GTT Communications and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for GTT Communications (NYSE:GTT) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 6 Buy Ratings |
| Consensus Rating: | Buy (Score: 3.00) |
| Consensus Price Target: | $34.83 (2.75% upside) |
Analysts' Ratings History for GTT Communications (NYSE:GTT)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 5/15/2017 | Cowen and Company | Boost Price Target | Outperform | $36.00 -> $40.00 | N/A |  |
| 3/11/2017 | Jefferies Group LLC | Reiterated Rating | Buy | $30.00 -> $36.00 | N/A | |
| 2/9/2017 | BTIG Research | Initiated Coverage | Buy | $36.00 | N/A | |
| 12/12/2016 | SunTrust Banks, Inc. | Initiated Coverage | Buy | $32.00 | N/A | |
| 9/28/2016 | Drexel Hamilton | Set Price Target | Buy | $28.00 | N/A | |
| 9/23/2016 | Pacific Crest | Set Price Target | Buy | $37.00 | N/A | |
| 2/8/2016 | Oppenheimer Holdings, Inc. | Reiterated Rating | Outperform | | N/A | |
| 1/7/2016 | Stephens | Initiated Coverage | Overweight | $28.00 | N/A | |
| 11/16/2015 | Natixis | Lower Price Target | Buy | $65.00 -> $56.00 | N/A | |
(Data available from 6/27/2015 forward)
Earnings History for GTT Communications (NYSE:GTT)Earnings History by Quarter for GTT Communications (NYSE GTT)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 5/4/2017 | Q1 2017 | ($0.12) | ($0.42) | $179.16 million | $182.40 million | View | Listen | |
| 3/8/2017 | Q4 2016 | $0.11 | ($0.02) | $135.24 million | $136.50 million | View | Listen | |
| 11/9/2016 | Q316 | $0.08 | $0.14 | $132.86 million | $131.85 million | View | Listen | |
| 5/5/2016 | Q116 | $0.02 | $0.02 | $123.34 million | $124.40 million | View | N/A | |
| 3/3/2016 | Q415 | ($0.07) | $0.76 | $114.35 million | $114.80 million | View | N/A | |
| 11/5/2015 | Q315 | $0.03 | $0.05 | $97.12 million | $97.00 million | View | N/A | |
| 8/6/2015 | Q215 | ($0.06) | ($0.07) | $95.23 million | $95.08 million | View | N/A | |
| 5/7/2015 | Q1 | | $0.03 | $63.50 million | $62.40 million | View | Listen | |
| 3/10/2015 | Q414 | ($0.15) | ($0.12) | $62.96 million | $62.70 million | View | N/A | |
| 11/11/2014 | Q314 | $0.02 | ($0.23) | $48.69 million | $49.16 million | View | N/A | |
| 8/7/2014 | Q2 2014 | ($0.05) | $0.04 | $47.67 million | $48.05 million | View | Listen | |
| 5/9/2014 | Q1 14 | ($0.21) | ($0.04) | $46.07 million | $47.47 million | View | Listen | |
| 3/18/2014 | Q413 | ($0.09) | ($0.16) | $46.22 million | $46.11 million | View | Listen | |
| 11/14/2013 | Q313 | ($0.09) | ($0.19) | $47.00 million | $45.10 million | View | Listen | |
| 8/14/2013 | Q2 2013 | | ($0.46) | $40.10 million | $39.73 million | View | Listen | |
(Data available from 1/1/2011 forward)
Earnings Estimates for GTT Communications (NYSE:GTT)2017 EPS Consensus Estimate: $0.34
2018 EPS Consensus Estimate: ($0.07)
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 4 | ($0.14) | $0.11 | $0.00 |
| Q2 2017 | 4 | ($0.07) | $0.15 | $0.07 |
| Q3 2017 | 4 | ($0.05) | $0.22 | $0.11 |
| Q4 2017 | 4 | ($0.04) | $0.32 | $0.16 |
| Q1 2018 | 1 | ($0.03) | ($0.03) | ($0.03) |
| Q2 2018 | 1 | ($0.02) | ($0.02) | ($0.02) |
| Q3 2018 | 1 | ($0.01) | ($0.01) | ($0.01) |
| Q4 2018 | 1 | ($0.01) | ($0.01) | ($0.01) |
(Data provided by Zacks Investment Research)
Dividend History for GTT Communications (NYSE:GTT)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for GTT Communications (NYSE:GTT)Insider Ownership Percentage: 25.70%
Institutional Ownership Percentage: 55.95%
Insider Trades by Quarter for GTT Communications (NYSE:GTT)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 6/1/2017 | Chris Mckee | General Counsel | Sell | 7,000 | $32.85 | $229,950.00 | |
| 6/1/2017 | Howard E Janzen | Director | Sell | 6,000 | $32.84 | $197,040.00 | |
| 6/1/2017 | Richard Calder | Insider | Sell | 10,000 | $32.86 | $328,600.00 | |
| 5/10/2017 | Howard E Janzen | Director | Sell | 12,000 | $30.00 | $360,000.00 | |
| 5/1/2017 | Chris Mckee | General Counsel | Sell | 7,000 | $27.87 | $195,090.00 | |
| 5/1/2017 | Richard Calder | Insider | Sell | 10,000 | $27.87 | $278,700.00 | |
| 4/3/2017 | Chris Mckee | General Counsel | Sell | 7,000 | $23.72 | $166,040.00 | |
| 4/3/2017 | Richard Calder | Insider | Sell | 10,000 | $23.73 | $237,300.00 | |
| 3/13/2017 | Elizabeth Satin | Director | Buy | 4,000 | $24.50 | $98,000.00 | |
| 3/10/2017 | Theodore B Smith III | Director | Buy | 7,000 | $23.87 | $167,090.00 | |
| 2/1/2017 | Chris Mckee | General Counsel | Sell | 7,000 | $27.63 | $193,410.00 | |
| 2/1/2017 | Richard Calder | Insider | Sell | 10,000 | $27.62 | $276,200.00 | |
| 11/1/2016 | Chris Mckee | General Counsel | Sell | 7,000 | $21.65 | $151,550.00 | |
| 11/1/2016 | Richard Calder | Insider | Sell | 10,000 | $21.65 | $216,500.00 | |
| 10/3/2016 | Chris Mckee | General Counsel | Sell | 7,000 | $23.23 | $162,610.00 | |
| 10/3/2016 | Richard Calder | Insider | Sell | 10,000 | $23.24 | $232,400.00 | |
| 9/1/2016 | Richard Calder | Insider | Sell | 10,000 | $21.23 | $212,300.00 | |
| 8/1/2016 | Chris Mckee | General Counsel | Sell | 7,000 | $20.19 | $141,330.00 | |
| 8/1/2016 | Richard Calder | Insider | Sell | 10,000 | $20.17 | $201,700.00 | |
| 7/12/2016 | Chris Mckee | EVP | Sell | 56,000 | $20.05 | $1,122,800.00 | |
| 7/12/2016 | Richard Calder | CEO | Sell | 80,000 | $20.04 | $1,603,200.00 | |
| 6/1/2016 | Nicola Adamo | Director | Buy | 5,000 | $17.99 | $89,950.00 | |
| 3/17/2016 | Morgan E Obrien | Director | Sell | 25,000 | $15.48 | $387,000.00 | |
| 12/1/2015 | Morgan E Obrien | Director | Sell | 30,000 | $20.90 | $627,000.00 | |
| 11/12/2015 | Theodore B Smith III | Director | Buy | 1,001 | $19.79 | $19,809.79 | |
| 11/11/2015 | Theodore B Smith III | Director | Buy | 1,500 | $19.82 | $29,730.00 | |
| 11/9/2015 | Theodore B Smith III | Director | Buy | 3,000 | $19.56 | $58,680.00 | |
| 6/9/2015 | Howard E Janzen | Director | Sell | 34,762 | $21.62 | $751,554.44 | |
| 6/4/2015 | Howard E Janzen | Director | Sell | 15,238 | $22.07 | $336,302.66 | |
| 3/30/2015 | Theodore B Smith III | Director | Buy | 15,000 | $18.35 | $275,250.00 | |
| 10/7/2013 | J Carlo Cannell | Major Shareholder | Sell | 4,832 | $5.39 | $26,044.48 | |
| 10/2/2013 | J Carlo Cannell | Major Shareholder | Sell | 18,069 | $5.41 | $97,753.29 | |
| 8/1/2013 | J Carlo Cannell | Major Shareholder | Sell | 6,485 | $4.46 | $28,923.10 | |
(Data available from 1/1/2013 forward)
Headline Trends for GTT Communications (NYSE:GTT)
Latest Headlines for GTT Communications (NYSE:GTT)
| Source: |
|
| Date | Headline |
|---|
 | Head to Head Contrast: Demandware (DWRE) vs. GTT Communications (GTT)
www.americanbankingnews.com - June 27 at 2:39 PM |
 | GTT to Acquire Global Capacity
finance.yahoo.com - June 26 at 7:18 PM |
| GTT Communications (GTT) versus Veritone (VERI) Head to Head Comparison
www.americanbankingnews.com - June 25 at 2:14 PM |
| GTT Communications, Inc. (GTT) Upgraded by BidaskClub to "Buy"
www.americanbankingnews.com - June 24 at 6:44 PM |
 | BRIEF-GTT acquires Perseus
www.reuters.com - June 20 at 6:22 PM |
| GTT Acquires Perseus
finance.yahoo.com - June 20 at 6:22 PM |
| GTT Establishes Three Divisions to Enhance Client Experience and Accelerate Growth
finance.yahoo.com - June 14 at 11:52 AM |
| Zacks: Analysts Anticipate GTT Communications Inc (GTT) Will Announce Quarterly Sales of $185.75 Million
www.americanbankingnews.com - June 11 at 8:34 AM |
| $0.04 Earnings Per Share Expected for GTT Communications Inc (GTT) This Quarter
www.americanbankingnews.com - June 9 at 4:26 PM |
| GTT Communications Inc (GTT) Given Average Rating of "Buy" by Analysts
www.americanbankingnews.com - June 6 at 8:43 AM |
| Insider Selling: GTT Communications Inc (GTT) Insider Sells 10,000 Shares of Stock
www.americanbankingnews.com - June 2 at 8:21 PM |
| Insider Selling: GTT Communications Inc (GTT) General Counsel Sells 7,000 Shares of Stock
www.americanbankingnews.com - June 2 at 8:21 PM |
| Insider Selling: GTT Communications Inc (GTT) Director Sells 6,000 Shares of Stock
www.americanbankingnews.com - June 2 at 8:20 PM |
| GTT Founder H. Brian Thompson Recognized with IEEE CQR 2017 Chairman's Award
finance.yahoo.com - May 31 at 8:53 AM |
| GTT to Present at Spring 2017 Investor Conferences
finance.yahoo.com - May 26 at 6:15 PM |
| GTT Communications, Inc. -- Moody's says GTT's ratings unchanged following new notes offering
finance.yahoo.com - May 24 at 10:25 PM |
| GTT Named Company of the Year in 2017 Leading Lights Awards
finance.yahoo.com - May 18 at 9:45 AM |
| Analysts Anticipate GTT Communications Inc (GTT) Will Post Quarterly Sales of $185.82 Million
www.americanbankingnews.com - May 17 at 12:00 PM |
| GTT Introduces DDoS Mitigation Service
finance.yahoo.com - May 15 at 11:11 AM |
| GTT Communications Inc (GTT) Expected to Announce Earnings of $0.03 Per Share
www.americanbankingnews.com - May 15 at 10:06 AM |
| ETFs with exposure to GTT Communications, Inc. : May 12, 2017
finance.yahoo.com - May 12 at 6:15 PM |
| GTT Communications Inc (GTT) Receives Consensus Rating of "Buy" from Brokerages
www.americanbankingnews.com - May 12 at 8:48 AM |
| GTT Communications, Inc. :GTT-US: Earnings Analysis: Q1, 2017 By the Numbers : May 11, 2017
finance.yahoo.com - May 11 at 6:09 PM |
| GTT Communications Inc (GTT) Director Sells $360,000.00 in Stock
www.americanbankingnews.com - May 11 at 1:16 PM |
| GTT Communications Named Three-Time Gold Stevie® Award Winner in 2017 American Business Awards℠
finance.yahoo.com - May 10 at 12:21 PM |
 | Telecom Managed Services Market USD 22.58 billion by 2021
www.bizjournals.com - May 8 at 5:19 PM |
| Research Analysts Offer Predictions for GTT Communications Inc's Q2 2017 Earnings (GTT)
www.americanbankingnews.com - May 8 at 8:21 AM |
| GTT to Present at Jefferies 2017 Global Technology Conference
finance.yahoo.com - May 8 at 8:17 AM |
| GTT Communications' (GTT) Outperform Rating Reiterated at Cowen and Company
www.americanbankingnews.com - May 6 at 10:26 AM |
| GTT Communications Inc (GTT) Lifted to Hold at Zacks Investment Research
www.americanbankingnews.com - May 5 at 11:26 PM |
| GTT Communications Inc (GTT) Stock Rating Upgraded by Zacks Investment Research
www.americanbankingnews.com - May 5 at 11:16 PM |
 | GTT Communications, Inc. (GTT) CEO Rick Calder on Q1 2017 Results - Earnings Call Transcript
seekingalpha.com - May 5 at 3:46 AM |
| Edited Transcript of GTT earnings conference call or presentation 4-May-17 2:00pm GMT
finance.yahoo.com - May 4 at 10:45 PM |
| GTT Reports First Quarter 2017 Financial Results
finance.yahoo.com - May 4 at 5:42 PM |
| GTT Communications Inc (GTT) Posts Quarterly Earnings Results, Misses Estimates By $0.30 EPS
www.americanbankingnews.com - May 4 at 5:24 PM |
| GTT Communications (GTT) Earning Somewhat Positive Media Coverage, AlphaOne Reports
www.americanbankingnews.com - May 4 at 5:08 PM |
 | GTT Communications reports 1Q loss
marketbeat.com - May 4 at 8:45 AM |
 | Telecom Managed Services Market Growing at a CAGR of 13.7% During 2017 to 2022 - ReportsnReports
www.marketwatch.com - May 3 at 3:03 PM |
| GTT Communications Inc (GTT) General Counsel Sells $195,090.00 in Stock
www.americanbankingnews.com - May 2 at 3:10 PM |
| GTT Communications (GTT) Earning Somewhat Critical News Coverage, AlphaOne Reports
www.americanbankingnews.com - May 1 at 1:32 PM |
| GTT Communications (GTT) Receives Media Impact Rating of -0.12
www.americanbankingnews.com - April 28 at 12:40 PM |
| Telecom Managed Services Market Worth 22.58 Billion USD by 2022
www.marketwatch.com - April 27 at 11:13 PM |
| $179.34 Million in Sales Expected for GTT Communications Inc (GTT) This Quarter
www.americanbankingnews.com - April 26 at 12:12 PM |
| Zacks: Brokerages Expect GTT Communications Inc (GTT) to Post -$0.17 EPS
www.americanbankingnews.com - April 24 at 4:22 PM |
| Somewhat Negative News Coverage Very Unlikely to Impact GTT Communications (GTT) Share Price
www.americanbankingnews.com - April 21 at 8:51 PM |
| GTT to Speak at UCaaS Capital Conference
finance.yahoo.com - April 20 at 11:55 AM |
| GTT Announces Earnings Call for First Quarter 2017
finance.yahoo.com - April 20 at 11:55 AM |
| GTT Communications, Inc. – Value Analysis (NYSE:GTT) : April 19, 2017
finance.yahoo.com - April 19 at 5:27 PM |
| GTT Launches Managed SD-WAN Service
finance.yahoo.com - April 18 at 11:21 AM |
| GTT Communications, Inc. breached its 50 day moving average in a Bullish Manner : GTT-US : April 18, 2017
finance.yahoo.com - April 18 at 11:21 AM |
GTT Communications (GTT) Chart for Tuesday, June, 27, 2017
