Mitel Networks Corporation (NASDAQ:MITL) (TSE:MNW) insider Gregory James Hiscock sold 3,125 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $8.14, for a total value of $25,437.50. Following the sale, the insider now directly owns 6,063 shares in the company, valued at approximately $49,352.82. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Mitel Networks Corporation (NASDAQ MITL) traded up 0.74% during midday trading on Friday, reaching $8.19. The company had a trading volume of 706,249 shares. The company’s 50 day moving average is $8.26 and its 200-day moving average is $7.29. The company’s market capitalization is $968.44 million. Mitel Networks Corporation has a 52-week low of $6.21 and a 52-week high of $8.94.

Mitel Networks Corporation (NASDAQ:MITL) (TSE:MNW) last issued its earnings results on Thursday, July 27th. The communications equipment provider reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.14. The firm had revenue of $238.60 million during the quarter, compared to analysts’ expectations of $244.55 million. Mitel Networks Corporation had a negative net margin of 20.50% and a positive return on equity of 4.69%. The firm’s revenue for the quarter was down 8.3% compared to the same quarter last year. During the same period last year, the firm posted $0.19 earnings per share. Equities analysts expect that Mitel Networks Corporation will post $0.68 earnings per share for the current fiscal year.

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MITL has been the topic of several research analyst reports. Zacks Investment Research lowered Mitel Networks Corporation from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 19th. Royal Bank Of Canada boosted their price target on 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. BidaskClub lowered Mitel Networks Corporation from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 12th. TheStreet raised Mitel Networks Corporation from a “c” rating to a “b-” rating in a research note on Thursday, July 27th. Finally, National Bank Financial raised Mitel Networks Corporation from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $7.50 to $10.00 in a research note on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. Mitel Networks Corporation presently has an average rating of “Hold” and a consensus target price of $9.25.

Large investors have recently modified their holdings of the stock. Campbell & CO Investment Adviser LLC bought a new stake in Mitel Networks Corporation during the second quarter worth approximately $109,000. UBS Group AG boosted its holdings in Mitel Networks Corporation by 3.6% during the first quarter. UBS Group AG now owns 16,351 shares of the communications equipment provider’s stock worth $113,000 after buying an additional 570 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Mitel Networks Corporation by 146.4% during the first quarter. Tower Research Capital LLC TRC now owns 12,595 shares of the communications equipment provider’s stock worth $115,000 after buying an additional 7,483 shares in the last quarter. Stevens Capital Management LP boosted its holdings in Mitel Networks Corporation by 12.1% during the first quarter. Stevens Capital Management LP now owns 16,888 shares of the communications equipment provider’s stock worth $117,000 after buying an additional 1,818 shares in the last quarter. Finally, Cullen Capital Management LLC bought a new stake in Mitel Networks Corporation during the second quarter worth approximately $125,000. Hedge funds and other institutional investors own 79.21% of the company’s stock.

Mitel Networks Corporation 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.

Insider Buying and Selling by Quarter for Mitel Networks Corporation (NASDAQ:MITL)

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