What’s Propelling MITEL NETWORKS CORPORATION to Decline So Much?

 What's Propelling MITEL NETWORKS CORPORATION to Decline So Much?

The stock of MITEL NETWORKS CORPORATION (TSE:MNW) is a huge mover today! About 15,125 shares traded hands. MITEL NETWORKS CORPORATION (TSE:MNW) has risen 6.10% since April 22, 2016 and is uptrending. It has outperformed by 0.09% the S&P500.
The move comes after 6 months negative chart setup for the $1.17B company. It was reported on Nov, 28 by Barchart.com. We have $9.18 PT which if reached, will make TSE:MNW worth $35.10M less.

More news for MITEL NETWORKS CORPORATION (TSE:MNW) were recently published by: Wsj.com, which released: “Mitel Networks to Acquire Polycom for Nearly $2 Billion” on April 15, 2016. Equitiesfocus.com‘s article titled: “Mitel Networks Corporation (NASDAQ:MITL) Quarterly EPS From Continuing …” and published on November 28, 2016 is yet another important article.

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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