Insider Trading at Mitel Networks Corporation?

Insider Trading at Mitel Networks Corporation?

Insider Trading at Mitel Networks Corporation?

Mitel Networks Corporation (NASDAQ:MITL) has noticeable measure of stock volatility, for this average true range is an exponential moving average (14 trading days) of the True Ranges. The stock was acquired at an average price of $7.51 per share, for a total transaction of $75,100.00.

Press coverage about Mitel Networks Corporation (NASDAQ:MITL) (TSE:MNW) has trended somewhat positive this week, according to Accern. (NYSE:SAM)'s market cap, the total dollar value of all of their outstanding shares, is 1615.59m. The stock's 50-day moving average price is $7.29 and its 200-day moving average price is $7.01. Mitel Networks Corporation has a 1-year low of $6.21 and a 1-year high of $8.52.

Mitel Networks Corporation (MITL) surprised the stock market in its last reported earnings when it earned $0.09 a piece versus the consensus-estimated $0.08. That has obviously changed as ShoreTel peaked at around $10.32 a share in December 2015 before beginning a drop that bottomed out at $5.75 a share earlier this month.

During last 5 trades the stock sticks nearly 11.05%.

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The counter witnessed a trading volume of 0.37 million shares versus an average volume of 2.69 million shares during last trading session.

ILLEGAL ACTIVITY WARNING: "Mitel Networks Corporation (NASDAQ:MITL) Announces Earnings Results" was originally posted by Sports Perspectives and is owned by of Sports Perspectives. The business had revenue of $238.60 million during the quarter, compared to analyst estimates of $244.55 million.

02/23/2015 - Mitel Networks Corporation was upgraded to "neutral" by analysts at Zacks.

12/04/2013 - Mitel Networks Corporation had its " rating reiterated by analysts at Bank of America Merrill Lynch. If you are accessing this story on another site, it was illegally stolen and republished in violation of US & global copyright and trademark legislation.

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In terms of Buy, Sell or Hold recommendations, Mitel Networks Corp (NASDAQ:MITL) has analysts' mean recommendation of 2.2. UBS Group AG boosted its position in Mitel Networks Corporation by 3.6% in the first quarter.

Its last month's stock price volatility remained 6.55% which for the week stands at 5.30%. Zacks downgraded the shares of MITL in report on Thursday, September 17 to "Sell" rating.

Several institutional investors have recently bought and sold shares of the company. The stock showed weekly upbeat performance of 11.05%, which was maintained for the month at 10.43%. 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. Company insiders own 16.50% of the company's stock.

Many analysts have provided their estimated foresights on Mitel Networks Corporation Earnings, with 5 analysts believing the company would generate an Average Estimate of $0.14.

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ShoreTel, however, did a good job at selling its cloud services to organizations using the company's on-premises gear, Abbott said. "We don't [just end] products, but we certainly will put our development more into the cloud side to deliver new capabilities into those infrastructures".

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