Mitel Networks Corporation (NASDAQ:MITL) (TSE:MNW) insider Gregory James Hiscock sold 3,125 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $8.14, for a total value of $25,437.50. Following the transaction, the insider now owns 6,063 shares of the company’s stock, valued at approximately $49,352.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Mitel Networks Corporation (NASDAQ MITL) traded up 0.74% on Friday, hitting $8.19. The company’s stock had a trading volume of 1,050,080 shares. Mitel Networks Corporation has a one year low of $6.21 and a one year high of $8.94. The firm’s market cap is $968.44 million. The stock has a 50-day moving average price of $8.27 and a 200 day moving average price of $7.30.

Mitel Networks Corporation (NASDAQ:MITL) (TSE:MNW) last posted its quarterly earnings results on Thursday, July 27th. The communications equipment provider reported $0.13 earnings per share for the quarter, beating the 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 business had revenue of $238.60 million during the quarter, compared to analysts’ expectations of $244.55 million. During the same quarter in the prior year, the company posted $0.19 EPS. The business’s revenue for the quarter was down 8.3% on a year-over-year basis. Equities research analysts predict that Mitel Networks Corporation will post $0.68 EPS for the current year.

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Several research analysts have issued reports on MITL shares. BidaskClub lowered Mitel Networks Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Zacks Investment Research lowered Mitel Networks Corporation from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 19th. National Bank Financial upgraded Mitel Networks Corporation from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $7.50 to $10.00 in a research report on Friday, July 28th. Royal Bank Of Canada boosted their target price on Mitel Networks Corporation from $7.50 to $8.50 and gave the company a “sector perform” rating in a research report on Friday, July 28th. Finally, TheStreet upgraded Mitel Networks Corporation from a “c” rating to a “b-” rating in a research report on Thursday, July 27th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $9.25.

Several institutional investors have recently bought and sold shares of MITL. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Mitel Networks Corporation in the 2nd quarter valued at approximately $109,000. UBS Group AG boosted its position in shares of Mitel Networks Corporation by 3.6% during the 1st quarter. UBS Group AG now owns 16,351 shares of the communications equipment provider’s stock worth $113,000 after purchasing an additional 570 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Mitel Networks Corporation by 146.4% during the 1st quarter. Tower Research Capital LLC TRC now owns 12,595 shares of the communications equipment provider’s stock worth $115,000 after purchasing an additional 7,483 shares during the period. Stevens Capital Management LP boosted its position in shares of Mitel Networks Corporation by 12.1% during the 1st quarter. Stevens Capital Management LP now owns 16,888 shares of the communications equipment provider’s stock worth $117,000 after purchasing an additional 1,818 shares during the period. Finally, Cullen Capital Management LLC purchased a new position in shares of Mitel Networks Corporation during the 2nd quarter worth approximately $125,000. 79.21% of the stock is owned by institutional investors and hedge funds.

Mitel Networks Corporation Company Profile

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.

Insider Buying and Selling by Quarter for Mitel Networks Corporation (NASDAQ:MITL)

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