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NYSE:GTT

GTT Communications Stock Forecast, Price & News

$6.26
-0.07 (-1.11 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$6.20
Now: $6.26
$6.61
50-Day Range
$4.30
MA: $5.34
$6.40
52-Week Range
$3.94
Now: $6.26
$15.77
Volume671,737 shs
Average Volume505,469 shs
Market Capitalization$368.21 million
P/E RatioN/A
Dividend YieldN/A
Beta1.39
GTT Communications, Inc. provides cloud networking services to multinational enterprises, carriers, and government customers in the United States, Europe, and internationally. The company offers private, public, and hybrid cloud network solutions; high bandwidth-Internet connectivity and IP transit, as well as broadband and wireless Internet access services; managed equipment, security, and hosting services; and voice services consisting of session initiation protocol trunking and hosted private branch exchange services. It also provides transport and infrastructure services enabling cloud-based applications and the transport of high volume data between data centers, enterprise office locations, and media hubs; video transport services to support broadcast quality transmission of live events, sports entertainment, and news to media and entertainment industry; wavelength services to deliver scalable high-performance optical connectivity; Ethernet services that enable to design network equipment; and colocation, turnkey, duct, and dark fiber services. The company's IP network consists of approximately 600 points of presence. GTT Communications, Inc. markets its products and services through a network of direct sales force and indirect sales channels. The company was formerly known as Global Telecom & Technology, Inc. and changed its name to GTT Communications, Inc. in January 2014. GTT Communications, Inc. was founded in 2005 and is headquartered in McLean, Virginia.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.0Community Rank: 2.6Dividend Strength: 0.0Insider Behavior: 2.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.65 out of 5 stars


Industry, Sector and Symbol

Industry Telephone communication, except radio
Sub-IndustryN/A
CUSIPN/A
Phone703-442-5500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.73 billion
Cash Flow$4.54 per share
Book Value$5.14 per share

Profitability

Net Income$-105,900,000.00

Miscellaneous

Employees3,100
Market Cap$368.21 million
Next Earnings Date9/24/2020 (Estimated)
OptionableOptionable
$6.26
-0.07 (-1.11 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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GTT Communications (NYSE:GTT) Frequently Asked Questions

How has GTT Communications' stock price been impacted by Coronavirus (COVID-19)?

GTT Communications' stock was trading at $11.40 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, GTT stock has decreased by 45.1% and is now trading at $6.26.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of GTT Communications?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for GTT Communications in the last year. There are currently 1 sell rating, 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for GTT Communications
.

When is GTT Communications' next earnings date?

GTT Communications is scheduled to release its next quarterly earnings announcement on Thursday, September 24th 2020.
View our earnings forecast for GTT Communications
.

How were GTT Communications' earnings last quarter?

GTT Communications Inc (NYSE:GTT) released its earnings results on Friday, May, 8th. The technology company reported ($1.45) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.26) by $1.19. The technology company earned $424.70 million during the quarter, compared to analysts' expectations of $427.93 million. GTT Communications had a negative net margin of 9.51% and a negative return on equity of 27.24%. The company's revenue for the quarter was down 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.49) earnings per share.
View GTT Communications' earnings history
.

What price target have analysts set for GTT?

5 brokerages have issued 1-year target prices for GTT Communications' stock. Their forecasts range from $7.00 to $17.00. On average, they expect GTT Communications' share price to reach $11.00 in the next twelve months. This suggests a possible upside of 75.7% from the stock's current price.
View analysts' price targets for GTT Communications
.

Are investors shorting GTT Communications?

GTT Communications saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 11,610,000 shares, an increase of 13.4% from the August 15th total of 10,240,000 shares. Based on an average daily volume of 464,500 shares, the days-to-cover ratio is presently 25.0 days. Approximately 27.8% of the shares of the company are short sold.
View GTT Communications' Short Interest
.

Who are some of GTT Communications' key competitors?

What other stocks do shareholders of GTT Communications own?

Based on aggregate information from My MarketBeat watchlists, some companies that other GTT Communications investors own include Coty (COTY), Designer Brands (DBI), Marvell Technology Group (MRVL), Canopy Growth (CGC), Energy Transfer LP Unit (ET), Cloudera (CLDR), Tapestry (TPR), American Airlines Group (AAL), Carnival (CCL) and Ford Motor (F).

Who are GTT Communications' key executives?

GTT Communications' management team includes the following people:
  • Mr. H. Brian Thompson, Founder and Exec. Chairman (Age 80)
  • Mr. Richard D. Calder Jr., Chief Exec. Officer, Pres and Director (Age 55)
  • Mr. Michael T. Sicoli, Chief Financial Officer (Age 48)
  • Mr. Christopher T. McKee, Exec. VP of Corp. Devel., Gen. Counsel & Company Sec. (Age 51)
  • Mr. Robert Burris, Sr. VP of Global Engineering & Operations

What is GTT Communications' stock symbol?

GTT Communications trades on the New York Stock Exchange (NYSE) under the ticker symbol "GTT."

Who are GTT Communications' major shareholders?

GTT Communications' stock is owned by a variety of institutional and retail investors. Top institutional investors include Neuberger Berman Group LLC (6.48%), Vanguard Group Inc. (4.92%), Gilder Gagnon Howe & Co. LLC (1.98%), Federated Hermes Inc. (1.60%), Goldman Sachs Group Inc. (0.83%) and Charles Schwab Investment Management Inc. (0.35%). Company insiders that own GTT Communications stock include Chris Mckee, Conifer Management, LLC, H Brian Thompson, Howard E Janzen, Julius W Erving II, Michael Sicoli, Richard Calder, Spruce House Partnership Lp and Theodore B Smith III.
View institutional ownership trends for GTT Communications
.

Which major investors are selling GTT Communications stock?

GTT stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Federated Hermes Inc., Gilder Gagnon Howe & Co. LLC, Jane Street Group LLC, UBS Group AG, New York State Common Retirement Fund, California Public Employees Retirement System, and Swiss National Bank.
View insider buying and selling activity for GTT Communications
.

Which major investors are buying GTT Communications stock?

GTT stock was acquired by a variety of institutional investors in the last quarter, including Neuberger Berman Group LLC, Goldman Sachs Group Inc., Bullseye Asset Management LLC, Engineers Gate Manager LP, Tudor Investment Corp Et Al, Bank of America Corp DE, Principal Financial Group Inc., and Principal Financial Group Inc.. Company insiders that have bought GTT Communications stock in the last two years include Chris Mckee, Conifer Management, LLC, H Brian Thompson, Howard E Janzen, Julius W Erving II, Michael Sicoli, Richard Calder, Spruce House Partnership Lp, and Theodore B Smith III.
View insider buying and selling activity for GTT Communications
.

How do I buy shares of GTT Communications?

Shares of GTT 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, Robinhood, Fidelity, and Charles Schwab.

What is GTT Communications' stock price today?

One share of GTT stock can currently be purchased for approximately $6.26.

How big of a company is GTT Communications?

GTT Communications has a market capitalization of $368.21 million and generates $1.73 billion in revenue each year. The technology company earns $-105,900,000.00 in net income (profit) each year or ($0.68) on an earnings per share basis. GTT Communications employs 3,100 workers across the globe.

What is GTT Communications' official website?

The official website for GTT Communications is www.gtt.net.

How can I contact GTT Communications?

GTT Communications' mailing address is 7900 TYSONS ONE PLACE SUITE 1450, MCLEAN VA, 22102. The technology company can be reached via phone at 703-442-5500 or via email at [email protected]

This page was last updated on 9/20/2020 by MarketBeat.com Staff

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