The stock of MITEL NETWORKS CORPORATION (TSE:MNW) is a huge mover today! About 197,587 shares traded hands or 79.69% up from the average. MITEL NETWORKS CORPORATION (TSE:MNW) has declined 9.15% since March 28, 2016 and is downtrending. It has underperformed by 12.16% the S&P500.
The move comes after 9 months negative chart setup for the $1.09 billion company. It was reported on Nov, 1 by Barchart.com. We have $8.12 PT which if reached, will make TSE:MNW worth $76.30 million less.
More recent MITEL NETWORKS CORPORATION (TSE:MNW) news were published by: Wsj.com which released: “Mitel Networks to Acquire Polycom for Nearly $2 Billion” on April 15, 2016. Also Businesswire.com published the news titled: “Robbins Arroyo LLP: Acquisition of Polycom, Inc. (PLCM) by Mitel Networks …” on April 18, 2016. Moodys.com‘s news article titled: “Moody’s reviews Mitel’s B2 CFR for upgrade on merger announcement” with publication date: April 15, 2016 was also an interesting one.
MNW.TO Company Profile
Mitel Networks Corporation, incorporated on January 31, 2014, is a well-known provider of business communications and collaboration software, services and solutions. The Firm operates through three divisions: Enterprise, Cloud and Mobile. The Enterprise segment sells and supports services and products for premise customers. The Cloud segment sells and supports products that are deployed in a cloud environment. The Mobile segment sells and supports software telecommunications networking solutions that enable mobile service providers to deliver IP voice, video, rich communications and enhanced messaging services to their subscribers. Through direct and indirect channels, as well as technology partnerships, the Company serves clients in the United States and the rest of North and South America (collectively, the Americas), Europe, the Middle East and Africa (collectively, EMEA) and Asia-Pacific regions. The Company’s product portfolio includes premises and cloud enterprise communications infrastructure products and solutions, unified communications and collaboration (UCC) and contact center applications and a range of service offerings.
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