Shares of Mitel Networks Corp. (NASDAQ:MITL) shot up 2.8% during trading on Friday . The stock traded as high as $7.60 and last traded at $7.58, with a volume of 325,446 shares traded. The stock had previously closed at $7.37.

The company has a 50 day moving average of $7.53 and a 200 day moving average of $7.09. The company’s market cap is $920.49 million.

Mitel Networks Corp. (NASDAQ:MITL) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.05. During the same period last year, the company posted $0.18 earnings per share. The firm had revenue of $307.20 million for 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. On average, equities research analysts forecast 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.