News coverage about Mitel Networks (NASDAQ:MITL) (TSE:MNW) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by analyzing more than 20 million news and blog 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 earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned press coverage about the communications equipment provider an impact score of 46.0889825496202 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of Mitel Networks (NASDAQ:MITL) opened at $8.88 on Tuesday. The company has a quick ratio of 0.77, a current ratio of 1.00 and a debt-to-equity ratio of 1.94. Mitel Networks has a 1-year low of $6.21 and a 1-year high of $9.13. The firm has a market cap of $1,330.00, a price-to-earnings ratio of -222.00 and a beta of 2.66.
Mitel Networks (NASDAQ:MITL) (TSE:MNW) last issued its quarterly earnings results on Thursday, November 2nd. The communications equipment provider reported ($0.23) earnings per share for the quarter. Mitel Networks had a negative net margin of 26.71% and a negative return on equity of 9.36%. equities research analysts predict that Mitel Networks will post -0.47 earnings per share for the current year.
A number of brokerages have weighed in on MITL. Zacks Investment Research downgraded shares of Mitel Networks from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. GARP Research began coverage on shares of Mitel Networks in a report on Tuesday, December 19th. They issued a “buy” rating for the company. Craig Hallum began coverage on shares of Mitel Networks in a report on Thursday, December 14th. They issued a “buy” rating and a $14.00 price target for the company. BidaskClub downgraded shares of Mitel Networks from a “sell” rating to a “strong sell” rating in a report on Thursday, December 7th. Finally, TheStreet downgraded shares of Mitel Networks from a “b” rating to a “c” rating in a report on Tuesday, November 14th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $12.17.
In other Mitel Networks news, insider Richard D. Mcbee acquired 10,000 shares of Mitel Networks stock in a transaction dated Wednesday, November 8th. The stock was bought at an average cost of $8.00 per share, with a total value of $80,000.00. Following the acquisition, the insider now owns 268,047 shares of the company’s stock, valued at $2,144,376. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 5,244 shares of company stock valued at $41,773 over the last ninety days. 16.50% of the stock is owned by insiders.
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Mitel Networks 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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