Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Mitel Networks Corporation (MITL) Stock Price
News stories about Mitel Networks Corporation (NASDAQ:MITL) (TSE:MNW) have trended somewhat positive on Thursday, according to Accern Sentiment. The research firm ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Mitel Networks Corporation earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned news coverage about the communications equipment provider an impact score of 45.8463008444909 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- The Technical Condition Changes For Vistra Energy Corp. (VST … – AllStockNews (allstocknews.com)
- Stock Check: Viewing Levels For Mitel Networks Corp (MITL) – Hayden Business Journal (haydenbusinessjournal.com)
- Mitel Networks Corporation (NASDAQ:MITL) Experiences Heavier than Average Trading Volume – Modern Readers (modernreaders.com)
- Mitel Networks Corporation (MITL) is at $8.18 per share and Rogers Communications Inc. (RCI) is listed at $51.81 – Stocks Gallery (stocksgallery.com)
- Mitel Networks Corporation (MITL) Major Shareholder Sells $1,278,185.36 in Stock (americanbankingnews.com)
Mitel Networks Corporation (MITL) opened at 8.15 on Thursday. The company’s market capitalization is $963.71 million. The company’s 50-day moving average is $7.90 and its 200-day moving average is $7.20. Mitel Networks Corporation has a 52-week low of $6.21 and a 52-week high of $8.94.
Mitel Networks Corporation (NASDAQ:MITL) (TSE:MNW) last issued its earnings results on Thursday, July 27th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.14. The company had revenue of $238.60 million for the quarter, compared to the consensus estimate of $244.55 million. Mitel Networks Corporation had a positive return on equity of 4.69% and a negative net margin of 20.50%. The firm’s quarterly revenue was down 8.3% on a year-over-year basis. During the same quarter last year, the company earned $0.19 EPS. On average, analysts expect that Mitel Networks Corporation will post $0.68 earnings per share for the current fiscal year.
MITL has been the topic of several research 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 lowered shares of Mitel Networks Corporation from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 12th. National Bank Financial raised shares of Mitel Networks Corporation from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $7.50 to $10.00 in a research report on Friday, July 28th. Royal Bank Of Canada raised 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. Finally, Zacks Investment Research lowered shares of Mitel Networks Corporation from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. Mitel Networks Corporation currently has an average rating of “Hold” and an average target price of $9.25.
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In other Mitel Networks Corporation news, Director David M. Williams bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The shares were bought at an average price of $7.51 per share, with a total value of $75,100.00. Following the purchase, the director now owns 220,000 shares of the company’s stock, valued at $1,652,200. 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 3,750 shares of Mitel Networks Corporation stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $7.34, for a total value of $27,525.00. Following the sale, the insider now directly owns 12,313 shares in the company, valued at approximately $90,377.42. The disclosure for this sale can be found here. Insiders have sold a total of 1,504,237 shares of company stock worth $12,357,619 in the last three months. 16.50% of the stock is owned by corporate insiders.
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.
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