Why Mitel Networks Stock Surged Today [The Motley Fool]
MITEL NETWORKS (MITL)
Last mitel networks earnings: 2/22 06:30 am
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Source: The Motley Fool
The company earned a bullish rating from Wall Street. Evan Niu, CFA ( TMFNewCow ) Dec 14, 2017 at 12:57PM What happened Shares of Mitel Networks ( NASDAQ:MITL ) have surged today, up by 12% as of 12:15 p.m. EST, after the company got a bullish rating from Wall Street. Craig-Hallum initiated coverage of Mitel with a buy rating. So what Alongside the bullish rating, analyst George Sutton assigned a price target of $14, representing significant upside from current levels even after today's pop. Image source: Getty Images. Mitel customers have roughly 70 million on-premise users that will probably upgrade their telecommunications equipment in the years ahead, and this is a meaningful opportunity for Mitel to convert that large user base, according to Sutton. Now what Mitel completed its acquisition of ShoreTel recently, which C
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