National Bank Financial Initiates Coverage on Mitel Networks Corp to Outperform

National Bank Financial Initiates Coverage on Mitel Networks Corp(NASDAQ:MITL). The shares have been rated Outperform. The rating by National Bank Financial was issued on Sep 27, 2016.

Mitel Networks Corp (MITL) shares turned negative on Fridays trading session with the shares closing down -0.01 points or -0.14% at a volume of 7,06,041. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $7.42. The peak price level was also seen at $7.42 while the days lowest was $7.27. Finally the shares closed at $7.36. The 52-week high of the shares is $8.9 while the 52-week low is $5.81. According to the latest information available, the market cap of the company is $895 M.

Mitel Networks Corp(MITL) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $307.70M. Analysts had an estimated revenue of $292.05M. Earnings per share were $0.19. Analysts had estimated an EPS of $0.14.

Mitel Networks Corporation (Mitel) is a global provider of business communications and collaboration software services and solutions. The Company operates in two segments: Premise and Cloud. The Premise 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. Mitel offers portfolios of business communications solutions which are known as unified communications and collaboration (UCC). It also offers cloud-based telephony services and network services in the United States and in select markets across the globe. It operates in three geographic markets: Americas which includes the United States Canada the Caribbean and Latin America; EMEA which includes the continent of Europe the Middle East and Africa and Asia Pacific which includes the continent of Asia and the Pacific region including Australia and New Zealand.

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