News articles about Mitel Networks (NASDAQ:MITL) (TSE:MNW) have trended somewhat positive this week, according to Accern. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Mitel Networks earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned press coverage about the communications equipment provider an impact score of 45.6580000180022 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Shares of Mitel Networks (NASDAQ:MITL) opened at $8.96 on Friday. Mitel Networks has a one year low of $6.21 and a one year high of $9.16. The company has a quick ratio of 0.77, a current ratio of 1.00 and a debt-to-equity ratio of 1.94. The firm has a market cap of $1,054.97, a P/E ratio of -4.35 and a beta of 2.67.
Mitel Networks (NASDAQ:MITL) (TSE:MNW) last posted its earnings results on Thursday, November 2nd. The communications equipment provider reported ($0.23) EPS for the quarter. Mitel Networks had a negative return on equity of 9.36% and a negative net margin of 26.71%. The business had revenue of $241.50 million for the quarter, compared to analyst estimates of $233.50 million. sell-side analysts anticipate that Mitel Networks will post -0.47 earnings per share for the current year.
MITL has been the subject of several recent research reports. GARP Research initiated coverage on shares of Mitel Networks in a report on Tuesday, December 19th. They set a “buy” rating for the company. Craig Hallum initiated coverage on shares of Mitel Networks in a research report on Thursday, December 14th. They issued a “buy” rating and a $14.00 price objective on the stock. TheStreet lowered shares of Mitel Networks from a “b” rating to a “c” rating in a research report on Tuesday, November 14th. Zacks Investment Research raised shares of Mitel Networks from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 5th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $8.50 price target on shares of Mitel Networks in a research report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $12.17.
In related news, insider Richard D. Mcbee acquired 10,000 shares of the stock in a transaction dated Wednesday, November 8th. The stock was bought at an average price of $8.00 per share, for a total transaction of $80,000.00. Following the purchase, the insider now directly owns 268,047 shares of the company’s stock, valued at approximately $2,144,376. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders have sold 5,244 shares of company stock valued at $41,773. Company insiders own 16.50% of the company’s stock.
WARNING: This piece was posted by TrueBlueTribune and is the property of of TrueBlueTribune. If you are viewing this piece on another site, it was copied illegally and republished in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://www.truebluetribune.com/2018/01/21/mitel-networks-mitl-earning-somewhat-favorable-news-coverage-report-finds.html.
About Mitel Networks
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.
Receive News & Ratings for Mitel Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mitel Networks and related companies with MarketBeat.com's FREE daily email newsletter.