Mitel Networks Corporation (MITL) Receives Daily Media Impact Score of 0.05
Media stories about Mitel Networks Corporation (NASDAQ:MITL) (TSE:MNW) have been trending somewhat positive this week, Accern Sentiment reports. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Mitel Networks Corporation earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned news headlines about the communications equipment provider an impact score of 46.3649103836573 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
A number of brokerages have issued reports on MITL. BidaskClub lowered shares of Mitel Networks Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Royal Bank Of Canada upped their target price on shares of Mitel Networks Corporation from $7.50 to $8.50 and gave the stock a “sector perform” rating in a research note on Friday, July 28th. National Bank Financial upgraded shares of Mitel Networks Corporation from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $7.50 to $10.00 in a research note on Friday, July 28th. TheStreet upgraded shares of Mitel Networks Corporation from a “c” rating to a “b-” rating in a research note on Thursday, July 27th. Finally, Zacks Investment Research lowered shares of Mitel Networks Corporation from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. Mitel Networks Corporation has a consensus rating of “Hold” and a consensus price target of $9.25.
Shares of Mitel Networks Corporation (NASDAQ MITL) opened at 8.19 on Monday. The company’s 50 day moving average is $8.27 and its 200-day moving average is $7.30. The stock’s market capitalization is $968.44 million. Mitel Networks Corporation has a 1-year low of $6.21 and a 1-year high of $8.94.
Mitel Networks Corporation (NASDAQ:MITL) (TSE:MNW) last announced its earnings results on Thursday, July 27th. The communications equipment provider reported $0.13 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.14. The business 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 company’s revenue was down 8.3% on a year-over-year basis. During the same period last year, the business posted $0.19 EPS. Equities analysts anticipate that Mitel Networks Corporation will post $0.68 earnings per share for the current fiscal year.
In related news, insider Richard D. Mcbee sold 55,000 shares of the firm’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $7.07, for a total transaction of $388,850.00. Following the sale, the insider now directly owns 322,647 shares in the company, valued at approximately $2,281,114.29. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Richard D. Mcbee sold 80,000 shares of Mitel Networks Corporation stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $7.26, for a total value of $580,800.00. Following the sale, the insider now owns 347,647 shares in the company, valued at $2,523,917.22. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,619,416 shares of company stock worth $13,301,075. Company insiders own 16.50% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This article was reported by Daily Political and is the sole property of of Daily Political. If you are viewing this article on another domain, it was copied illegally and reposted in violation of international copyright and trademark law. The correct version of this article can be accessed at https://www.dailypolitical.com/2017/09/18/mitel-networks-corporation-mitl-receives-daily-media-impact-score-of-0-05.html.
About Mitel Networks Corporation
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 Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mitel Networks Corporation and related companies with MarketBeat.com's FREE daily email newsletter.