Mitel Networks Corporation (MITL) Getting Somewhat Positive News Coverage, Report Shows
News articles about Mitel Networks Corporation (NASDAQ:MITL) (TSE:MNW) have trended somewhat positive on Thursday, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Mitel Networks Corporation earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news articles about the communications equipment provider an impact score of 46.6776141686775 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
- Mitel Networks Corporation (MITL) Given Consensus Recommendation of “Buy” by Analysts (americanbankingnews.com)
- Extremely Informative stocks: Oracle Corporation (NYSE:ORCL), Mitel Networks Corporation (NYSE:MITL), Valeant … – The Stock Street (press release) (thestreetpoint.com)
- Mitel Networks Corporation (MITL) In Active Momentum Stocks- Edwards Lifesciences Corporation (EW) – Investing News Update (investingbizz.com)
- Pre-Open Movers 10/06: (OME) (SNCR) (XXII) Higher; (GIMO) (CREE) (COST) Lower (more…) (streetinsider.com)
- Mitel Networks Corp (MITL) Check on RatingsExpert Gazette … – ExpertGazette (expertgazette.com)
Mitel Networks Corporation (NASDAQ MITL) opened at 8.73 on Thursday. Mitel Networks Corporation has a 12 month low of $6.21 and a 12 month high of $8.94. The stock’s 50 day moving average is $8.23 and its 200-day moving average is $7.50. The company’s market capitalization is $1.03 billion.
Mitel Networks Corporation (NASDAQ:MITL) (TSE:MNW) last posted its quarterly earnings data on Thursday, July 27th. The communications equipment provider reported $0.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.14. Mitel Networks Corporation had a negative net margin of 20.50% and a positive return on equity of 4.69%. The company had revenue of $238.60 million during the quarter, compared to analysts’ expectations of $244.55 million. During the same period in the prior year, the company posted $0.19 earnings per share. Mitel Networks Corporation’s revenue for the quarter was down 8.3% compared to the same quarter last year. On average, analysts expect that Mitel Networks Corporation will post $0.63 EPS for the current year.
MITL has been the topic of a number of recent analyst reports. TheStreet raised shares of Mitel Networks Corporation from a “c” rating to a “b-” rating in a research report on Thursday, July 27th. BidaskClub cut shares of Mitel Networks Corporation from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 12th. Zacks Investment Research raised shares of Mitel Networks Corporation from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 27th. National Bank Financial raised shares of Mitel Networks Corporation from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $7.50 to $10.00 in a research report on Friday, July 28th. Finally, Royal Bank Of Canada lifted their price target on shares of Mitel Networks Corporation from $7.50 to $8.50 and gave the stock a “sector perform” rating in a research report on Friday, July 28th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $9.25.
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In other Mitel Networks Corporation news, Chairman Terence H. Matthews sold 450,000 shares of the firm’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $8.32, for a total value of $3,744,000.00. Following the completion of the sale, the chairman now directly owns 40,703 shares in the company, valued at $338,648.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gregory James Hiscock sold 3,125 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $8.14, for a total transaction of $25,437.50. Following the completion of the sale, the insider now owns 6,063 shares of the company’s stock, valued at $49,352.82. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,120,691 shares of company stock valued at $17,436,594. 16.50% of the stock is currently owned by corporate insiders.
About Mitel Networks Corporation
Mitel Networks Corporation is a provider of business communications and collaboration software, services and solutions. The Company’s segments include Cloud and Enterprise. The Enterprise segment sells and supports products and services for premise-based customers. The Cloud segment sells and supports products that are deployed in a cloud environment.
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