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Mitel Networks Corp (MITL.O)

MITL.O on Nasdaq

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Latest Key Developments (Source: Significant Developments)

Mitel Networks Corp signs MoU to transfer certain assets, support obligations, including existing inventory, from Toshiba Corp to Mitel
Thursday, 11 May 2017 05:00pm EDT 

May 11 (Reuters) - Mitel Networks Corp ::Mitel networks corp - has signed mou to transfer certain assets and support obligations, including existing inventory, from toshiba corp to mitel.Mitel networks corp says transaction is expected to be immediately accretive; additional financial terms of deal were not disclosed.  Full Article

Mitel reports solid march quarter revenues and earnings per share
Wednesday, 3 May 2017 04:30pm EDT 

May 3 (Reuters) - Mitel Networks Corp ::Mitel reports solid march quarter revenues and earnings per share.Says cutting workforce by about 10 percent.Says workforce reduction expected to generate an annualized savings of approximately $30 million.Says anticipate taking a charge in 2017 in range of $25 million to $35 million.Says qtrly non-GAAP EPS $0.09.Sees GAAP revenues $230 million to $255 million for Q2.Says qtrly GAAP loss per share - basic $0.16.Sees GAAP gross margin 53.5% to 55.5% in Q2.Sees non-GAAP net income 5.5% to 9.5% in Q2.Qtrly revenues $223.1 million versus $ 233.0 million.Q1 earnings per share view $0.09, revenue view $220.4 million -- Thomson Reuters I/B/E/S.Q2 revenue view $244.2 million -- Thomson Reuters I/B/E/S.  Full Article

Mitel Networks sees total revenue growth in constant currency for CY17 of down 1% to up 1%
Tuesday, 7 Mar 2017 11:18am EST 

Mitel Networks Corp :Sees total revenue growth in constant currency for CY 17 of down 1% to up 1%; sees adjusted EBITDA for CY17 of up 15% to 17% - SEC filing.  Full Article

Mitel Networks' board authorized a share buyback program
Tuesday, 7 Mar 2017 07:00am EST 

Mitel Networks Corp : Mitel Networks Corp says board of directors has authorized a share buyback program .Mitel Networks Corp says Mitel may purchase up to 7.8 million Mitel common shares representing approximately 10% of its public float.  Full Article

Mitel sees Q1 GAAP revenue of $210 mln-$230 mln
Thursday, 23 Feb 2017 06:30am EST 

Mitel Networks Corp : Mitel reports december quarter results . Says pending divestiture of mobile division, expected to close in Q1, resulted in a goodwill impairment charge of $213 million . Qtrly gaap EPS - basic $0.11 . Qtrly gaap revenues $259.8 million versus $ 277.0 million . Sees Q1 gaap revenue $210 million to $230 million . Sees Q1 non-gaap net income 2.0% to 5.0% .Mitel networks corp - qtrly non-gaap earnings per share from continuing operations $0.22.  Full Article

Mitel and Exclusive Networks Partner to power seamless connections for businesses across ASEAN
Thursday, 16 Feb 2017 08:30am EST 

Mitel Networks Corp :Expansion of business presence in ASEAN region through a new distribution agreement with Exclusive Networks Ltd.  Full Article

Xura to change company name to Mavenir Systems upon completion of Mitel Mobile acquisition
Wednesday, 8 Feb 2017 02:01am EST 

Xura:Xura to change company name to Mavenir Systems upon completion of Mitel Mobile acquisition.  Full Article

Mitel qtrly non-gaap EPS $0.19
Thursday, 4 Aug 2016 06:30am EDT 

Mitel Networks Corp : Mitel reports june quarter results . Qtrly gaap revenues of $307 million, up 11% year-over-year . Qtrly non-gaap contant currency revenue $307.7 million versus $298.4 million . Qtrly non-gaap eps $0.19 . Qtrly gaap loss per share $0.09 . Sees q3 non-gaap revenues $275 million to $295 million .Sees q3 non-gaap eps $0.10 to $0.15.  Full Article

Mitel Networks gets U.S. FTC approval for acquisition of Polycom
Thursday, 19 May 2016 09:03am EDT 

Mitel Networks Corp :Mitel receives U.S. Federal Trade Commission approval for proposed acquisition of Polycom.  Full Article

Mitel Networks Corp revises Q4 2015 guidance
Thursday, 21 Jan 2016 04:01pm EST 

Mitel Networks Corp:Expects Q4 2015 non-GAAP revenues in the range of $330 million to $335 million.Expects Q4 2015 adjusted EBITDA in the range of 17% to 18%.Expects Q4 2015 Non-GAAP EPS in the range of $0.27 to $0.28.  Full Article

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