Mitel Networks Corporation (NASDAQ:MITL) (TSE:MNW) insider Mahawa Vanessa Touray sold 10,933 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $8.09, for a total transaction of $88,447.97. Following the completion of the transaction, the insider now owns 2,770 shares of the company’s stock, valued at $22,409.30. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Mitel Networks Corporation (MITL) opened at 8.18 on Friday. Mitel Networks Corporation has a 12 month low of $6.21 and a 12 month high of $8.94. The stock has a 50 day moving average of $7.87 and a 200 day moving average of $7.19. The firm’s market capitalization is $967.26 million.

Mitel Networks Corporation (NASDAQ:MITL) (TSE:MNW) last issued its quarterly earnings data on Thursday, July 27th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.14. The business had revenue of $238.60 million for the quarter, compared to analysts’ expectations 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 for the quarter was down 8.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.19 EPS. On average, equities analysts predict that Mitel Networks Corporation will post $0.71 earnings per share for the current fiscal year.

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Several equities analysts have recently commented on MITL shares. Royal Bank Of Canada restated a “hold” rating and issued a $7.50 target price on shares of Mitel Networks Corporation in a research report on Tuesday, May 2nd. National Bank Financial cut shares of Mitel Networks Corporation from an “outperform” rating to a “sector perform” rating in a research report on Thursday, May 4th. BidaskClub cut shares of Mitel Networks Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Zacks Investment Research cut shares of Mitel Networks Corporation from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 19th. Finally, TheStreet upgraded shares of Mitel Networks Corporation from a “c” rating to a “b-” rating in a research report on Thursday, July 27th. 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. The company has a consensus rating of “Hold” and a consensus price target of $9.25.

Hedge funds have recently modified their holdings of the company. First Interstate Bank boosted its stake in shares of Mitel Networks Corporation by 0.7% in the first quarter. First Interstate Bank now owns 42,010 shares of the communications equipment provider’s stock valued at $291,000 after buying an additional 300 shares during the period. 1st Global Advisors Inc. boosted its stake in shares of Mitel Networks Corporation by 1.4% in the second quarter. 1st Global Advisors Inc. now owns 23,658 shares of the communications equipment provider’s stock valued at $174,000 after buying an additional 337 shares during the period. UBS Group AG boosted its stake in shares of Mitel Networks Corporation by 3.6% in the first quarter. UBS Group AG now owns 16,351 shares of the communications equipment provider’s stock valued at $113,000 after buying an additional 570 shares during the period. Sei Investments Co. boosted its stake in shares of Mitel Networks Corporation by 0.3% in the first quarter. Sei Investments Co. now owns 456,025 shares of the communications equipment provider’s stock valued at $3,160,000 after buying an additional 1,470 shares during the period. Finally, Stevens Capital Management LP boosted its stake in shares of Mitel Networks Corporation by 12.1% in the first quarter. Stevens Capital Management LP now owns 16,888 shares of the communications equipment provider’s stock valued at $117,000 after buying an additional 1,818 shares during the period. 82.54% of the stock is currently owned by institutional investors and hedge funds.

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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