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NYSE:GTTGTT Communications Stock Price, Forecast & News

$8.95
+0.43 (+5.05 %)
(As of 06/5/2020 03:06 PM ET)
Add
Compare
Today's Range
$8.52
Now: $8.95
$9.20
50-Day Range
$7.87
MA: $9.61
$11.92
52-Week Range
$4.67
Now: $8.95
$24.81
Volume328,101 shs
Average Volume411,885 shs
Market Capitalization$526.44 million
P/E RatioN/A
Dividend YieldN/A
Beta1.61
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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GTT Communications logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.2Community Rank: 2.6Dividend Strength: 0.0Insider Behavior: 2.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.55 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$4.22 per share
Book Value$5.14 per share

Profitability

Net Income$-105,900,000.00

Miscellaneous

Employees3,100
Market Cap$526.44 million
Next Earnings Date8/13/2020 (Estimated)
OptionableOptionable

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GTT Communications (NYSE:GTT) Frequently Asked Questions

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

GTT Communications' stock was trading at $11.40 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, GTT shares have decreased by 21.5% and is now trading at $8.95. View which stocks have been most impacted by Coronavirus.

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

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for GTT Communications in the last year. There are currently 4 hold ratings and 2 buy ratings 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, August 13th 2020. View our earnings forecast for GTT Communications.

How were GTT Communications' earnings last quarter?

GTT Communications Inc (NYSE:GTT) issued its quarterly 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 had revenue of $424.70 million for the quarter, compared to analysts' expectations of $427.93 million. GTT Communications had a negative return on equity of 27.24% and a negative net margin of 9.51%. The company's quarterly revenue was down 5.7% on a year-over-year basis. During the same quarter last year, the company earned ($0.49) EPS. View GTT Communications' earnings history.

What price target have analysts set for GTT?

6 brokerages have issued 1-year price objectives for GTT Communications' shares. Their forecasts range from $7.00 to $40.00. On average, they expect GTT Communications' share price to reach $16.80 in the next year. This suggests a possible upside of 87.7% from the stock's current price. View analysts' price targets for GTT Communications.

Has GTT Communications been receiving favorable news coverage?

News headlines about GTT stock have been trending very negative recently, InfoTrie reports. The research firm identifies negative and positive media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. GTT Communications earned a news sentiment score of -3.0 on InfoTrie's scale. They also gave media headlines about the technology company a news buzz of 6.0 out of 10, indicating that recent media coverage is somewhat likely to have an impact on the company's share price in the immediate future. View the latest news aboutGTT Communications.

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 Marvell Technology Group (MRVL), Coty (COTY), Exxon Mobil (XOM), Alibaba Group (BABA), Energy Transfer LP Unit (ET), Canopy Growth (CGC), Cisco Systems (CSCO), Roku (ROKU), AT&T (T) and American Airlines Group (AAL).

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 retail and institutional investors. Top institutional investors include BlackRock Inc. (3.81%), Federated Hermes Inc. (1.83%), MFN Partners Management LP (1.42%), State Street Corp (1.41%), Mic Capital Partners Public US IM LLC (1.37%) and Morgan Stanley (1.22%). 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, S Joseph Bruno, Spruce House Partnership Lp and Theodore B Smith III. View institutional ownership trends for GTT Communications.

Which institutional investors are selling GTT Communications stock?

GTT stock was sold by a variety of institutional investors in the last quarter, including MFN Partners Management LP, Mic Capital Partners Public US IM LLC, BlackRock Inc., State Street Corp, JS Capital Management LLC, UBS Group AG, Adalta Capital Management LLC, and Bank of New York Mellon Corp. Company insiders that have sold GTT Communications company stock in the last year include Chris Mckee, Conifer Management, LLC, H Brian Thompson, Michael Sicoli, and Richard Calder. View insider buying and selling activity for GTT Communications.

Which institutional investors are buying GTT Communications stock?

GTT stock was purchased by a variety of institutional investors in the last quarter, including Morgan Stanley, Morgan Stanley, Federated Hermes Inc., Nuveen Asset Management LLC, Jane Street Group LLC, Alliancebernstein L.P., Invesco Ltd., and Geode Capital Management LLC. 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 $8.95.

How big of a company is GTT Communications?

GTT Communications has a market capitalization of $526.44 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 6/5/2020 by MarketBeat.com Staff

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