Mitel Networks Corp. (MITL) Trading 2.8% Higher
Shares of Mitel Networks Corp. (NASDAQ:MITL) traded up 2.8% on Friday . The company traded as high as $7.60 and last traded at $7.58, with a volume of 325,446 shares. The stock had previously closed at $7.37.
The firm has a 50 day moving average price of $7.55 and a 200-day moving average price of $7.09. The company’s market cap is $920.49 million.
Mitel Networks Corp. (NASDAQ:MITL) last posted its earnings results on Thursday, August 4th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.05. During the same quarter in the prior year, the company earned $0.18 earnings per share. The firm earned $307.20 million during the quarter, compared to analysts’ expectations of $292.05 million. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. Equities analysts expect that Mitel Networks Corp. will post $0.63 EPS for the current year.
Mitel Networks Corporation is a provider of business communications and collaboration software, services and solutions. The Company operates through three segments: Enterprise, Cloud and Mobile. 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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