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Also traded in: Canada, Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 4/10

vs
industry
vs
history
Cash-to-Debt 0.17
MITL's Cash-to-Debt is ranked lower than
90% of the 535 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.61 vs. MITL: 0.17 )
Ranked among companies with meaningful Cash-to-Debt only.
MITL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05  Med: 0.24 Max: 1
Current: 0.17
0.05
1
Equity-to-Asset 0.25
MITL's Equity-to-Asset is ranked lower than
90% of the 525 Companies
in the Global Communication Equipment industry.

( Industry Median: 0.58 vs. MITL: 0.25 )
Ranked among companies with meaningful Equity-to-Asset only.
MITL' s Equity-to-Asset Range Over the Past 10 Years
Min: -1  Med: -0.09 Max: 0.35
Current: 0.25
-1
0.35
Interest Coverage 2.96
MITL's Interest Coverage is ranked lower than
88% of the 380 Companies
in the Global Communication Equipment industry.

( Industry Median: 98.80 vs. MITL: 2.96 )
Ranked among companies with meaningful Interest Coverage only.
MITL' s Interest Coverage Range Over the Past 10 Years
Min: 0.05  Med: 1.12 Max: 2.96
Current: 2.96
0.05
2.96
Piotroski F-Score: 4
Altman Z-Score: 0.45
Beneish M-Score: -3.62
WACC vs ROIC
10.78%
4.13%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 3/10

vs
industry
vs
history
Operating Margin % 5.04
MITL's Operating Margin % is ranked higher than
60% of the 528 Companies
in the Global Communication Equipment industry.

( Industry Median: 3.02 vs. MITL: 5.04 )
Ranked among companies with meaningful Operating Margin % only.
MITL' s Operating Margin % Range Over the Past 10 Years
Min: -36.99  Med: 2.22 Max: 7.9
Current: 5.04
-36.99
7.9
Net Margin % -22.00
MITL's Net Margin % is ranked lower than
87% of the 529 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.53 vs. MITL: -22.00 )
Ranked among companies with meaningful Net Margin % only.
MITL' s Net Margin % Range Over the Past 10 Years
Min: -26.32  Med: 0.21 Max: 14.95
Current: -22
-26.32
14.95
ROE % -40.29
MITL's ROE % is ranked lower than
90% of the 516 Companies
in the Global Communication Equipment industry.

( Industry Median: 4.49 vs. MITL: -40.29 )
Ranked among companies with meaningful ROE % only.
MITL' s ROE % Range Over the Past 10 Years
Min: -44  Med: -2.75 Max: 71.5
Current: -40.29
-44
71.5
ROA % -12.42
MITL's ROA % is ranked lower than
84% of the 536 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.22 vs. MITL: -12.42 )
Ranked among companies with meaningful ROA % only.
MITL' s ROA % Range Over the Past 10 Years
Min: -24.11  Med: 0.08 Max: 13.42
Current: -12.42
-24.11
13.42
ROC (Joel Greenblatt) % 35.83
MITL's ROC (Joel Greenblatt) % is ranked higher than
77% of the 530 Companies
in the Global Communication Equipment industry.

( Industry Median: 10.07 vs. MITL: 35.83 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
MITL' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -217.94  Med: 19.12 Max: 72.8
Current: 35.83
-217.94
72.8
3-Year Revenue Growth Rate -8.50
MITL's 3-Year Revenue Growth Rate is ranked lower than
74% of the 468 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.20 vs. MITL: -8.50 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
MITL' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: 0  Med: 0 Max: 3.1
Current: -8.5
0
3.1
3-Year EBITDA Growth Rate 6.20
MITL's 3-Year EBITDA Growth Rate is ranked lower than
51% of the 348 Companies
in the Global Communication Equipment industry.

( Industry Median: 7.30 vs. MITL: 6.20 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
MITL' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: 0  Med: 0 Max: 6.2
Current: 6.2
0
6.2
3-Year EPS without NRI Growth Rate 15.90
MITL's 3-Year EPS without NRI Growth Rate is ranked higher than
65% of the 309 Companies
in the Global Communication Equipment industry.

( Industry Median: 5.70 vs. MITL: 15.90 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
MITL' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: 0  Med: 0 Max: 15.9
Current: 15.9
0
15.9
GuruFocus has detected 3 Warning Signs with Mitel Networks Corp $MITL.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» MITL's 10-Y Financials

Financials (Next Earnings Date: 2017-05-23 Est.)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q1 2016

MITL Guru Trades in Q1 2016

Jim Simons 1,364,643 sh (+10.09%)
NWQ Managers 12,723,384 sh (+4.43%)
Paul Singer 11,768,719 sh (+1.90%)
Keeley Asset Management Corp 4,881,952 sh (-10.40%)
» More
Q2 2016

MITL Guru Trades in Q2 2016

Joel Greenblatt 11,262 sh (New)
Keeley Asset Management Corp 5,897,879 sh (+20.81%)
NWQ Managers 14,629,970 sh (+14.98%)
Paul Singer 11,768,719 sh (unchged)
Jim Simons 1,228,500 sh (-9.98%)
» More
Q3 2016

MITL Guru Trades in Q3 2016

Joel Greenblatt 59,443 sh (+427.82%)
Paul Singer 12,248,059 sh (+4.07%)
Jim Simons 1,217,511 sh (-0.89%)
NWQ Managers 14,001,988 sh (-4.29%)
Keeley Asset Management Corp 5,322,984 sh (-9.75%)
» More
Q4 2016

MITL Guru Trades in Q4 2016

NWQ Managers 15,606,019 sh (+11.46%)
Paul Singer 12,248,059 sh (unchged)
Joel Greenblatt Sold Out
Keeley Asset Management Corp 4,696,544 sh (-11.77%)
Jim Simons 865,688 sh (-28.90%)
» More
» Details

Insider Trades

Latest Guru Trades with MITL

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Business Description

Industry: Communication Equipment » Communication Equipment    NAICS: 334290    SIC: 3359
Compare:NAS:EXTR, NAS:IIJI, NAS:SWIR, NAS:ADTN, NAS:ITRN, NYSE:VCRA, NAS:RDWR, NYSE:CUDA, NAS:CAMP, OTCPK:THMNY, NYSE:GIMO, OTCPK:TTCNF, NAS:SMCI, NAS:LORL, OTCPK:ADVOF, OTCPK:CHWTF, NAS:HLIT, NAS:SHOR, NAS:SILC, NAS:RNET » details
Traded in other countries:MNW.Canada, M08.Germany,
Headquarter Location:Canada
Mitel Networks Corp is engaged in providing business communications and collaboration software and services. The Company operates in two segments: Cloud and Enterprise.

Mitel Networks Corp is a provider of unified communications and collaboration solutions. Its business is organized into two segments: Cloud and Enterprise. The Cloud Division portfolio includes a comprehensive family of cloud communications services. The Enterprise Division sells and supports business communications products and services. Roughly half of the firm's revenue is generated from the United States, with the rest coming from Canada, Europe, Middle East, Africa, and Asia-Pacific regions.

Guru Investment Theses on Mitel Networks Corp

Keeley Funds Comment on Mitel Networks Corp - Aug 01, 2016

As mentioned, stock selection in the Technology sector was a leading detractor this quarter. One of the stocks pulling the Fund’s performance lower was Mitel Networks Corporation (NASDAQ:MITL), which declined over 23% and cost the Fund 47 basis points in performance. The stock price fell following the announcement of its acquisition of Polycom, which was structured as a cash and stock payment deal. The stock was pressured as another bidder appeared, increasing the risk that Mitel would pay a higher price. Following quarter-end, the Polycom board accepted the higher competitive offer and Mitel, having remained disciplined on the price, walked away with a $60 million break-up fee.



From the Keeley Small Cap Value Fund second quarter 2016 commentary.



Check out John Keeley latest stock trades

Top Ranked Articles about Mitel Networks Corp

Mitel User Group Hosts Elite Experience Event May 30-June 2
Mitel to Announce First Quarter Financial Results on Thursday, May 4, 2017
Mitel Appoints Todd Abbott as EVP Global Sales
Telenor Group’s Daxcom Chooses Mitel to Expand Business Communications Offerings in Sweden
UPDATE -- Businesses Lose an Average of $11,000 per Employee Every Year Due to Ineffective Communications and Collaboration

Survey Unveils Bottom Line Impact of Subpar Capabilities on Productivity Costing Millions

Employees spend over two-thirds of their time connecting and collaborating.Nearly 15 percent of employees’ total work time is wasted inefficient communications.Businesses with 500 employees could be losing well over $5 million annually.Disparate platforms and applications make chat and IM challenging. OTTAWA, March 23, 2017 (GLOBE NEWSWIRE) -- Mitel® (NASDAQ:MITL) (TSX:MNW), a global leader in enterprise communications, today launched the first in a series of reports examining the cost of inadequate enterprise communications and collaboration capabilities. The independent survey, conducted by Webtorials, analyzed the ways people interact both inside and outside an organization. Responses from participants* across North America and Europe uncovered preferred methods and tools for communicating, as well as the yearly impact of losses in productivity costing $11,000 on average, per employee. Additional findings from the report: Employees spend more than two-thirds of their day communicating and collaborating, yet lose almost 15 percent of total work time. In an age where users are a screen tap away from connecting to other people, businesses are faced with many choices for enabling employees to communicate. This often leads to a mashup of conflicting and incompatible applications and tools. The result—productivity suffers and teamwork breaks down as silos appear and galvanize across organizations.
 Chat and IM remain a challenge for businesses given the inconsistency of applications. When reviewing collaboration tools, IT decision-makers need to ensure employees, and those outside the organization who engage with the business, are using an interface that can tie together disparate platforms and applications. Bringing these together can save businesses money and provide a path to digital transformation.
 Employees spend most of their communications time reading and replying to email. This suggests email remains the default tool despite the fact new enterprise applications that combine collaboration, chat, video and voice in a consistent workflow are becoming more prevalent. Lack of interoperability across platforms continues to make email the “go to” mode of communications, even as it is being stretched beyond its initial purpose. Quotes “This study underscores the alarming cost of poor communications and collaboration, and how companies of all sizes are artificially constrained by the very tools that were intended to improve their ability to be productive,” said Bob Agnes, EVP & President of Enterprise Division, Mitel “By leveraging professional-grade, yet flexible, technologies for voice, video and chat needs, Mitel can help businesses establish their best path forward so the whole of an organization can work as one.” “For a company with 500 employees, as an example, the typical cost of inefficient communications is well over $5 million (USD) per year as outlined in our report,” said Steven Taylor, Founder and CEO, Webtorials. “While there is no communications and collaboration infrastructure that can recover all of this expense, a careful examination of methods and systems can have an immense payoff in potentially recouping millions of dollars.” *Webtorials Workplace Productivity and Communications Technology Report: Results and analysis are based on responses from over 900 business professionals across North America and Western Europe. See report for full demographic breakdown. Important Facts Mitel is the largest provider of cloud business communications in the world with more than three million cloud subscribers. (Source: Synergy Research Group)Mitel is the only brand to appear in all five Gartner Magic Quadrants for business communications.Mitel is an exhibitor at Enterprise Connect March 27-30 in Orlando, Fla.; booth #518. Related Materials Download a free copy of the “Team Collaboration & Communications for Dummies” eBook.See how the San Diego Padres and Michael Johnson Performance rely on Mitel to support their high-performance organizations.Interested in joining the Mitel User Group? Get more information here. Social Media
Twitter: Businesses lose an average of $11,000 per employee every year due to ineffective communications and collaboration Tags/Keywords
Employee Productivity, Collaboration, Digital Transformation About Mitel
A global market leader in enterprise communications powering more than two billion business connections, Mitel (NASDAQ:MITL) (TSX:MNW) helps businesses and service providers connect, collaborate and provide innovative services to their customers. Our innovation and communications experts serve more than 60 million business users in more than 100 countries. For more information, go to www.mitel.com and follow us on Twitter @Mitel. Mitel is the registered trademark of Mitel Networks Corporation. All other trademarks are the property of their respective owners.  MITL-C

Contact Information Media – Americas
Camille Beasley
469-212-0433
[email protected]Media – EMEA/AP
Duncan Miller
44 (0) 1291 612 646
[email protected]Investors
Michael McCarthy
469-574-8134
[email protected]Industry Analysts
Denise Hogberg
469-212-0434
[email protected]


Read more...
Businesses Lose an Average of $11,000 per Employee Every Year Due to Ineffective Communications and Collaboration

Survey Unveils Bottom Line Impact of Subpar Capabilities on Productivity Costing Millions

Employees spend over two-thirds of their time connecting and collaborating.Nearly 15 percent of employees’ total work time is wasted inefficient communications.Businesses with 500 employees could be losing well over $5 million annually.Disparate platforms and applications make chat and IM challenging. OTTAWA, March 23, 2017 (GLOBE NEWSWIRE) -- Mitel® (NASDAQ:MITL) (TSX:MNW), a global leader in enterprise communications, today launched the first in a series of reports examining the cost of inadequate enterprise communications and collaboration capabilities. The independent survey, conducted by Webtorials, analyzed the ways people interact both inside and outside an organization. Responses from participants* across North America and Europe uncovered preferred methods and tools for communicating, as well as the yearly impact of losses in productivity costing $11,000 on average, per employee. Additional findings from the report: Employees spend more than two-thirds of their day communicating and collaborating, yet lose almost 15 percent of total work time. In an age where users are a screen tap away from connecting to other people, businesses are faced with many choices for enabling employees to communicate. This often leads to a mashup of conflicting and incompatible applications and tools. The result—productivity suffers and teamwork breaks down as silos appear and galvanize across organizations.
 Chat and IM remain a challenge for businesses given the inconsistency of applications. When reviewing collaboration tools, IT decision-makers need to ensure employees, and those outside the organization who engage with the business, are using an interface that can tie together disparate platforms and applications. Bringing these together can save businesses money and provide a path to digital transformation.
 Employees spend most of their communications time reading and replying to email. This suggests email remains the default tool despite the fact new enterprise applications that combine collaboration, chat, video and voice in a consistent workflow are becoming more prevalent. Lack of interoperability across platforms continues to make email the “go to” mode of communications, even as it is being stretched beyond its initial purpose. Quotes “This study underscores the alarming cost of poor communications and collaboration, and how companies of all sizes are artificially constrained by the very tools that were intended to improve their ability to be productive,” said Bob Agnes, EVP & President of Enterprise Division, Mitel “By leveraging professional-grade, yet flexible, technologies for voice, video and chat needs, Mitel can help businesses establish their best path forward so the whole of an organization can work as one.” “For a company with 500 employees, as an example, the typical cost of inefficient communications is well over $5 million (USD) per year as outlined in our report,” said Steven Taylor, Founder and CEO, Webtorials. “While there is no communications and collaboration infrastructure that can recover all of this expense, a careful examination of methods and systems can have an immense payoff in potentially recouping millions of dollars.” *Webtorials Workplace Productivity and Communications Technology Report: Results and analysis are based on responses from over 900 business professionals across North America and Western Europe. See report for full demographic breakdown. Important Facts Mitel is the largest provider of cloud business communications in the world with more than three million cloud subscribers. (Source: Synergy Research Group)Mitel is the only brand to appear in all five Gartner Magic Quadrants for business communications.Mitel is an exhibitor at Enterprise Connect March 27-30 in Orlando, Fla.; booth #518. Related Materials Download a free copy of the “Team Collaboration & Communications for Dummies” eBook.See how the San Diego Padres and Michael Johnson Performance rely on Mitel to support their high-performance organizations.Interested in joining the Mitel User Group? Get more information here. Social Media
Twitter: Businesses lose an average of $11,000 per employee every year due to ineffective communications and collaboration Tags/Keywords
Employee Productivity, Collaboration, Digital Transformation About Mitel
A global market leader in enterprise communications powering more than two billion business connections, Mitel (NASDAQ:MITL) (TSX:MNW) helps businesses and service providers connect, collaborate and provide innovative services to their customers. Our innovation and communications experts serve more than 60 million business users in more than 100 countries. For more information, go to www.mitel.com and follow us on Twitter @Mitel. Mitel is the registered trademark of Mitel Networks Corporation. All other trademarks are the property of their respective owners.  MITL-C

Contact Information Media – Americas
Camille Beasley
469-212-0433
[email protected]Media – EMEA/AP
Duncan Miller
44 (0) 1291 612 646
[email protected]Investors
Michael McCarthy
469-574-8134
[email protected]Industry Analysts
Denise Hogberg
469-212-0434
[email protected]


Read more...
Mitel Executive Marek Wasilewski Recognized as 2017 CRN® Channel Chief

Selected for Dedication to Partner Community and Outstanding Execution of Strategic Channel Partner Programs

OTTAWA, March 14, 2017 (GLOBE NEWSWIRE) -- Mitel® (NASDAQ:MITL) (TSX:MNW), a global leader in enterprise communications, announced today that CRN®, a brand of The Channel Company, has named Marek Wasilewski, Vice President of Cloud Sales, to its prestigious list of 2017 Channel Chiefs. The executives on this annual list represent top leaders in the IT channel who excel at driving growth and revenue in their organizations through channel partners.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/038b0a9f-84cf-4a92-85d0-57e14da9fae6. Channel Chief honorees are selected by CRN’s editorial staff on the basis of their professional achievements, standing in the industry, dedication to the channel partner community and strategies for driving future growth and innovation. Each of the 2017 Channel Chiefs has demonstrated loyalty and ongoing support for the IT channel by consistently promoting, defending and executing outstanding channel partner programs. As Vice President of Cloud Sales, Wasilewski leads channel strategy and operations management supporting the world’s largest cloud business communications provider with more than three million subscribers. In this role, he works closely with Mitel’s partner community to help drive customer satisfaction, improve partner profitability and increase cloud adoption, enabling more businesses to take advantage of the benefits of cloud services. Quotes “The executives on our 2017 Channel Chiefs list have distinguished themselves by building strong partner programs, developing and executing effective business strategy and helping to advance the channel as a whole,” said Bob Faletra, CEO of The Channel Company. “They represent an extraordinary group of individuals who lead by example and serve as both invaluable advocates and innovators of the IT channel. We applaud their achievements and look forward to their successes in the coming year.”   “More than ever, in today’s hyper-competitive market, our partners need someone committed to their success,” said Jon Brinton, EVP and President, Mitel Cloud Division. “Through his highly-collaborative approach and dedication to providing the tools they need to thrive, Marek helps Mitel and its partners jointly deliver seamless communications and collaboration solutions while aiming to create strong profitable partners that customers can depend on."  Social Media
Twitter: @TheChannelCo names Mitel's @MarekWasil to @CRN 2017 Channel Chiefs list #CRNChannelChiefs About The Channel Company
The Channel Company enables breakthrough IT channel performance with our dominant media, engaging events, expert consulting and education and innovative marketing services and platforms. As the channel catalyst, we connect and empower technology suppliers, solution providers and end users. Backed by more than 30 years of unequalled channel experience, we draw from our deep knowledge to envision innovative new solutions for ever-evolving challenges in the technology marketplace. www.thechannelco.com  Copyright ©2016. The Channel Company, LLC. CRN is a registered trademark of The Channel Company, LLC. All rights reserved. About Mitel
A global market leader in enterprise communications powering more than two billion business connections, Mitel (NASDAQ:MITL) (TSX:MNW) helps businesses and service providers connect, collaborate and provide innovative services to their customers. Our innovation and communications experts serve more than 60 million business users in more than 100 countries. For more information, go to www.mitel.com and follow us on Twitter @Mitel. Mitel is the registered trademark of Mitel Networks Corporation. All other trademarks are the property of their respective owners.  MITL-C

Contact Information Media – Americas
Camille Beasley
469-212-0433
[email protected]

 Media – EMEA/AP
Duncan Miller
44 (0) 1291 612 646
[email protected]

 Investors
Michael McCarthy
469-574-8134
[email protected]

 Industry Analysts
Denise Hogberg
469-212-0434
[email protected]

   



Read more...
Mitel Appoints Martha Bejar to Board of Directors

OTTAWA, March 13, 2017 (GLOBE NEWSWIRE) -- Mitel® (NASDAQ:MITL) (TSX:MNW), a global leader in business communications, is pleased to announce the appointment of Martha Bejar to the company’s Board of Directors. Ms. Bejar brings to Mitel broad corporate board experience in the information, communication, technology (ICT) sector, including most recently serving on the Board of Polycom, Inc. 
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/b0f7f1b2-56da-4f8b-b108-d1f818d4ab6e In addition, Ms. Bejar brings a wealth of senior executive management experience driving and supporting innovation. She is co-founder and currently serves as CEO of Red Bison Advisory Group, LLC. Ms. Bejar has also held senior leadership positions with some of the world’s leading global technology companies including: CEO and Director of Flow Mobile; Chairperson/CEO of Wipro Infocrossing Cloud Computing Services (A Wipro Company); Corporate Vice President for Communications at Microsoft with responsibility for service and content providers; and a series of executive positions at Nortel Networks including President of the Caribbean and Latin America (CALA) region. “With digital transformation rapidly reshaping business models and driving competition globally, the unified communications and collaboration (UCC) market is at a critical inflection point which will shape the direction of innovation and of Mitel for years to come,” said Mitel Chairman Terry Matthews. “Martha brings to our Board first-hand experience and a proven track record in managing innovation transitions and extensive global reach and partnerships in current and potential Mitel markets around the world.”   Commenting on the appointment, Ms. Bejar said, “I'm pleased and honored to be a member of the Mitel board and admire the bold culture of the company, the management team, and the Board of Directors.  There are endless opportunities for Mitel in this world of increased digital transformation and globalization. I am excited to be part of Mitel’s technology and solutions that are radically improving the performance and reach of its customers and partners.” Ms. Bejar is the recipient of numerous industry awards including: top fifty Hispanic women in the United States by Hispanic Inc. Business Magazine; the Hispanic Business Media’s award for the 2008 Woman of the Year; and the Visionary Award from LISTA (Latinos in Information Sciences and Technology Association). Ms. Bejar received an Advanced Management Program degree from Harvard University Business School. She graduated Cum Laude with a Bachelor of Science degree in Industrial Engineering from the University of Miami and also graduated Cum Laude with an MBA from Nova Southeastern University. About Mitel A global market leader in enterprise communications powering more than two billion business connections, Mitel (NASDAQ:MITL) (TSX:MNW) helps businesses and service providers connect, collaborate and provide innovative services to their customers. Our innovation and communications experts serve more than 60 million business users in more than 100 countries. For more information, go to www.mitel.com and follow us on Twitter @Mitel. Mitel is the registered trademark of Mitel Networks Corporation. All other trademarks are the property of their respective owners.  MITL-F

Contact Information: Media – Americas
Camille Beasley
469-212-0433
[email protected]
Media – EMEA/AP
Duncan Miller
44 (0) 1291 612 646
[email protected]
Investors
Michael McCarthy
469-574-8134
[email protected]
Industry Analysts
Denise Hogberg
469-212-0434
[email protected]


Read more...
Mitel Announces Closing of New Credit Facility

Attractive terms reflect the Company’s sound financial foundation

OTTAWA, March 09, 2017 (GLOBE NEWSWIRE) -- Mitel® (NASDAQ:MITL) (TSX:MNW), a global leader in business communications, today announced that it has closed a new credit facility that includes significantly improved terms as well as greatly enhanced capacity and flexibility to capitalize on the rapidly changing unified communications and collaboration (UCC) market.  
The new US$500 million credit facility will consist of a US$150 million term loan and a US$350 million revolving credit facility, both of which will mature in 2022. The pricing of the term and revolver borrowings is based on the Company’s net leverage ratio and will initially be at LIBOR plus 1.75%, an improvement of 275 basis points over the rate on pre-closing term loan borrowings, with undrawn commitment fees on the revolver initially being 25 basis points. The initial funding from the new credit facilities will be used to repay remaining debt outstanding under Mitel's previous credit facilities in addition to accrued interest, fees and expenses. The lending syndicate for the new facility is comprised of nine financial institutions led by Citizens Bank, N.A., which also acted as administrative agent. BMO Capital Markets, Canadian Imperial Bank of Commerce and HSBC Bank Canada served as Joint Lead Arrangers and Joint Bookrunners. EA Markets LLC provided Mitel with independent advisory and transaction services in conjunction with the arrangement and structuring of the facility.   "This new credit facility, combined with the recent divestiture of our mobile business, significantly strengthens Mitel’s capital structure," said Steve Spooner, Chief Financial Officer. "Since the beginning of the year, we have substantially reduced our net leverage and significantly increased our liquidity, giving us the financial capacity and flexibility to pursue growth opportunities, invest in the business, and implement other shareholder-enhancing initiatives." Forward Looking Statements
Some of the statements in this communication are forward-looking statements (or forward-looking information) within the meaning of applicable U.S. and Canadian securities laws. These include statements using the words believe, target, outlook, may, will, should, could, estimate, continue, expect, intend, plan, predict, potential, project and anticipate, and similar statements which do not describe the present or provide information about the past. There is no guarantee that the expected events or expected results will actually occur. Such statements reflect the current views of management of Mitel and are subject to a number of risks and uncertainties. These statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, operational and other factors. Any changes in these assumptions or other factors could cause actual results to differ materially from current expectations. All forward-looking statements attributable to Mitel, or persons acting on its behalf, are expressly qualified in their entirety by the cautionary statements set forth in this paragraph. Undue reliance should not be placed on such statements. In addition, material risks that could cause actual results to differ from forward-looking statements include: the inherent uncertainty associated with financial or other projections; the ability to recognize the anticipated benefits from the divestment of Mitel’s mobile division;; risks associated with the non-cash consideration received by Mitel in connection with the divestment of the Mobile division; the impact to Mitel’s business that could result from the announcement of the divestment of the Mobile division; the anticipated size of the markets and continued demand for Mitel products and services; access to available financing on a timely basis and on reasonable terms; Mitel’s ability to achieve or sustain profitability in the future; fluctuations in quarterly and annual revenues and operating results; fluctuations in foreign exchange rates; current and ongoing global economic instability, political unrest and related sanctions; intense competition; reliance on channel partners for a significant component of sales; dependence upon a small number of outside contract manufacturers to manufacture products; and, Mitel’s ability to successfully implement and achieve its business strategies, including its growth of the company through acquisitions and the integration of recently acquired businesses and realization of synergies. Additional risks are described under the heading “Risk Factors” in Mitel’s Annual Report on Form 10-K for the year ended December 31, 2016 filed with the U.S. Securities and Exchange Commission (the “SEC”) and Canadian securities regulatory authorities on March 1, 2017. Forward-looking statements speak only as of the date they are made. Except as required by law, Mitel has no intention or obligation to update or to publicly announce the results of any revisions to any of the forward-looking statements to reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting the forward-looking statements. About Mitel
A global market leader in enterprise communications powering more than two billion business connections, Mitel (NASDAQ:MITL) (TSX:MNW) helps businesses and service providers connect, collaborate and provide innovative services to their customers. Our innovation and communications experts serve more than 60 million business users in more than 100 countries. For more information, go to www.mitel.com and follow us on Twitter @Mitel. Mitel is the registered trademark of Mitel Networks Corporation. All other trademarks are the property of their respective owners.  MITL-F

Contact Information:

Media – Americas
Camille Beasley
469-212-0433
[email protected]

Investors
Michael McCarthy
469-574-8134
[email protected]

Media – EMEA/AP
Duncan Miller
44 (0) 1291 612 646
[email protected]

Industry Analysts
Denise Hogberg
469-212-0434
[email protected]

Read more...
Mitel Announces TSX Acceptance of Normal Course Issuer Bid

Management Authorized to Repurchase up to Approximately 7.8 Million Common Shares

OTTAWA, March 07, 2017 (GLOBE NEWSWIRE) -- Mitel® (NASDAQ:MITL) (TSX:MNW), a global leader in business communications, today announced that its Board of Directors has authorized a share buyback program.  In a filing with the Toronto Stock Exchange (the "TSX"), the TSX has accepted the company’s Notice of Intention to Make a Normal Course Issuer Bid (the "Notice"). Pursuant to the Notice, Mitel may purchase up to 7,816,574 Mitel Common Shares (the “Bid”), representing approximately 10% of its public float. As of February 28, 2017, Mitel had 122,036,009 issued and outstanding Common Shares, including a public float of 78,165,743 Common Shares. During the previous 12 months, Mitel has not purchased any of its Common Shares.
“Mitel is committed to delivering shareholder value,” said Richard McBee, Chief Executive Officer. “This share buyback program provides us with another lever to realize and maximize that value.” Mitel may purchase its Common Shares, from time to time, if it believes that the market price of its Common Shares is attractive and that the purchase would be an appropriate use of corporate funds and in the best interests of the Corporation. Common Shares purchased pursuant to the Bid will be cancelled. Mitel believes that having the ability to acquire Common Shares under the Normal Course Issuer Bid will present an attractive opportunity to utilize Mitel’s available funds. The Normal Course Issuer Bid is intended to permit the Company to reduce its total number of issued and outstanding Common Shares, thereby benefiting all shareholders by increasing their relative equity interests in Mitel. The Bid will commence on March 9, 2017 and will terminate no later than March 8, 2018. All purchases of Common Shares under the Bid may be made on the TSX or on alternative Canadian trading systems at the market price at the time of purchase in accordance with the requirements of the TSX or on the NASDAQ in compliance with Canadian securities law requirements for issuer repurchases through other public markets and Rule 10b-18 under the U.S. Securities Exchange Act of 1934. Purchases may also be made by such other means as may be permitted by the TSX and in compliance with Canadian securities laws, including by private agreement pursuant to an issuer bid exemption order issued by a securities regulatory authority. Purchases made by way of such private agreements under an issuer bid exemption order will be at a discount to the prevailing market price. The rules and policies of the TSX contain restrictions on the number of shares that can be purchased under the Bid, based on the average daily trading volumes of the Common Shares on the TSX. Similarly, the safe harbor conditions of Rule 10b-18 impose certain limitations on the number of shares that can be purchased on the NASDAQ per day. As a result of such restrictions, subject to certain exceptions for block purchases, the maximum number of shares which can be purchased per day during the Bid on the TSX is 30,357 based on 25% of the average daily trading volume for the prior six calendar months (being 121,429 Common Shares on the TSX). Subject to certain exceptions for block purchases, the maximum number of shares which can be purchased per day on the NASDAQ will be 25% of the average daily trading volume for the four calendar weeks preceding the date of purchase. Subject to regulatory requirements, the actual number of Common Shares purchased and the timing of such purchases, if any, will be determined by Mitel having regard to future price movements and other factors. All purchases will be subject to Mitel’s normal trading blackouts. Forward Looking Statements Some of the statements in this communication are forward-looking statements (or forward-looking information) within the meaning of applicable U.S. and Canadian securities laws. These include statements using the words believe, target, outlook, may, will, should, could, estimate, continue, expect, intend, plan, predict, potential, project and anticipate, and similar statements which do not describe the present or provide information about the past. There is no guarantee that the expected events or expected results will actually occur. Such statements reflect the current views of management of Mitel and are subject to a number of risks and uncertainties. These statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, operational and other factors. Any changes in these assumptions or other factors could cause actual results to differ materially from current expectations. All forward-looking statements attributable to Mitel, or persons acting on its behalf, are expressly qualified in their entirety by the cautionary statements set forth in this paragraph. Undue reliance should not be placed on such statements. In addition, material risks that could cause actual results to differ from forward-looking statements include: the inherent uncertainty associated with financial or other projections; the ability to recognize the anticipated benefits from the divestment of Mitel’s mobile division; risks associated with the non-cash consideration received by Mitel in connection with the divestment of the Mobile division; the impact to Mitel’s business that could result from the divestment of the Mobile division; the anticipated size of the markets and continued demand for Mitel products and services; access to available financing on a timely basis and on reasonable terms; Mitel’s ability to achieve or sustain profitability in the future; fluctuations in quarterly and annual revenues and operating results; fluctuations in foreign exchange rates; current and ongoing global economic instability, political unrest and related sanctions; intense competition; reliance on channel partners for a significant component of sales; dependence upon a small number of outside contract manufacturers to manufacture products; and, Mitel’s ability to successfully implement and achieve its business strategies, including its growth of the company through acquisitions and the integration of recently acquired businesses and realization of synergies. Additional risks are described under the heading “Risk Factors” in Mitel’s Annual Report on Form 10-K for the year ended December 31, 2016 filed with the U.S. Securities and Exchange Commission and Canadian securities regulatory authorities on March 1, 2017. Forward-looking statements speak only as of the date they are made. Except as required by law, Mitel has no intention or obligation to update or to publicly announce the results of any revisions to any of the forward-looking statements to reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting the forward-looking statements. About Mitel
A global market leader in enterprise and mobile communications powering more than two billion business connections, Mitel (NASDAQ:MITL) (TSX:MNW) helps businesses and service providers connect, collaborate and provide innovative services to their customers. Our innovation and communications experts serve more than 60 million business users in more than 100 countries. For more information, go to www.mitel.com and follow us on Twitter @Mitel. Mitel is the registered trademark of Mitel Networks Corporation. All other trademarks are the property of their respective owners.  MITL-F
Contact Information:

Media – Americas
Camille Beasley
469-212-0433
[email protected]

Investors
Michael McCarthy
469-574-8134
[email protected]

Media – EMEA/AP
Duncan Miller
44 (0) 1291 612 646
[email protected]

Industry Analysts
Denise Hogberg
469-212-0434
[email protected]

Read more...

Ratios

vs
industry
vs
history
Forward PE Ratio 10.32
MITL's Forward PE Ratio is ranked higher than
88% of the 146 Companies
in the Global Communication Equipment industry.

( Industry Median: 16.34 vs. MITL: 10.32 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 26.15
MITL's PE Ratio without NRI is ranked lower than
54% of the 340 Companies
in the Global Communication Equipment industry.

( Industry Median: 24.57 vs. MITL: 26.15 )
Ranked among companies with meaningful PE Ratio without NRI only.
MITL' s PE Ratio without NRI Range Over the Past 10 Years
Min: 1.56  Med: 25.32 Max: 945
Current: 26.15
1.56
945
PB Ratio 2.25
MITL's PB Ratio is ranked lower than
56% of the 511 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.86 vs. MITL: 2.25 )
Ranked among companies with meaningful PB Ratio only.
MITL' s PB Ratio Range Over the Past 10 Years
Min: 1.26  Med: 2.25 Max: 11.06
Current: 2.25
1.26
11.06
PS Ratio 0.88
MITL's PS Ratio is ranked higher than
66% of the 525 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.41 vs. MITL: 0.88 )
Ranked among companies with meaningful PS Ratio only.
MITL' s PS Ratio Range Over the Past 10 Years
Min: 0.16  Med: 0.58 Max: 1.04
Current: 0.88
0.16
1.04
Price-to-Free-Cash-Flow 10.65
MITL's Price-to-Free-Cash-Flow is ranked higher than
69% of the 210 Companies
in the Global Communication Equipment industry.

( Industry Median: 16.40 vs. MITL: 10.65 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
MITL' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 2.57  Med: 10.56 Max: 46.81
Current: 10.65
2.57
46.81
Price-to-Operating-Cash-Flow 8.79
MITL's Price-to-Operating-Cash-Flow is ranked higher than
69% of the 264 Companies
in the Global Communication Equipment industry.

( Industry Median: 13.50 vs. MITL: 8.79 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
MITL' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 2.26  Med: 8.17 Max: 27.24
Current: 8.79
2.26
27.24
EV-to-EBIT 26.83
MITL's EV-to-EBIT is ranked lower than
70% of the 464 Companies
in the Global Communication Equipment industry.

( Industry Median: 16.69 vs. MITL: 26.83 )
Ranked among companies with meaningful EV-to-EBIT only.
MITL' s EV-to-EBIT Range Over the Past 10 Years
Min: -412.2  Med: 23.6 Max: 1695.2
Current: 26.83
-412.2
1695.2
EV-to-EBITDA 8.96
MITL's EV-to-EBITDA is ranked higher than
68% of the 513 Companies
in the Global Communication Equipment industry.

( Industry Median: 12.68 vs. MITL: 8.96 )
Ranked among companies with meaningful EV-to-EBITDA only.
MITL' s EV-to-EBITDA Range Over the Past 10 Years
Min: 3.2  Med: 9.3 Max: 26.4
Current: 8.96
3.2
26.4
PEG Ratio 10.88
MITL's PEG Ratio is ranked lower than
88% of the 147 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.56 vs. MITL: 10.88 )
Ranked among companies with meaningful PEG Ratio only.
MITL' s PEG Ratio Range Over the Past 10 Years
Min: 0  Med: 0 Max: 10.96
Current: 10.88
0
10.96
Current Ratio 1.41
MITL's Current Ratio is ranked lower than
75% of the 512 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.10 vs. MITL: 1.41 )
Ranked among companies with meaningful Current Ratio only.
MITL' s Current Ratio Range Over the Past 10 Years
Min: 0.98  Med: 1.41 Max: 2.13
Current: 1.41
0.98
2.13
Quick Ratio 1.21
MITL's Quick Ratio is ranked lower than
68% of the 511 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.63 vs. MITL: 1.21 )
Ranked among companies with meaningful Quick Ratio only.
MITL' s Quick Ratio Range Over the Past 10 Years
Min: 0.66  Med: 1.23 Max: 1.9
Current: 1.21
0.66
1.9
Days Inventory 70.37
MITL's Days Inventory is ranked lower than
51% of the 502 Companies
in the Global Communication Equipment industry.

( Industry Median: 69.82 vs. MITL: 70.37 )
Ranked among companies with meaningful Days Inventory only.
MITL' s Days Inventory Range Over the Past 10 Years
Min: 32.68  Med: 38.76 Max: 66.61
Current: 70.37
32.68
66.61
Days Sales Outstanding 68.85
MITL's Days Sales Outstanding is ranked higher than
57% of the 471 Companies
in the Global Communication Equipment industry.

( Industry Median: 74.24 vs. MITL: 68.85 )
Ranked among companies with meaningful Days Sales Outstanding only.
MITL' s Days Sales Outstanding Range Over the Past 10 Years
Min: 55.81  Med: 75.72 Max: 78.97
Current: 68.85
55.81
78.97
Days Payable 36.45
MITL's Days Payable is ranked lower than
78% of the 437 Companies
in the Global Communication Equipment industry.

( Industry Median: 63.64 vs. MITL: 36.45 )
Ranked among companies with meaningful Days Payable only.
MITL' s Days Payable Range Over the Past 10 Years
Min: 30.05  Med: 40.18 Max: 52.69
Current: 36.45
30.05
52.69

Buy Back

vs
industry
vs
history
3-Year Average Share Buyback Ratio -31.50
MITL's 3-Year Average Share Buyback Ratio is ranked lower than
92% of the 342 Companies
in the Global Communication Equipment industry.

( Industry Median: -2.50 vs. MITL: -31.50 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
MITL' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -55.3  Med: 0 Max: 0
Current: -31.5
-55.3
0

Valuation & Return

vs
industry
vs
history
Price-to-Intrinsic-Value-Projected-FCF 1.15
MITL's Price-to-Intrinsic-Value-Projected-FCF is ranked higher than
61% of the 288 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.47 vs. MITL: 1.15 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
MITL' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.81  Med: 1.09 Max: 1.43
Current: 1.15
0.81
1.43
Price-to-Median-PS-Value 1.52
MITL's Price-to-Median-PS-Value is ranked lower than
71% of the 463 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.18 vs. MITL: 1.52 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
MITL' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.46  Med: 0.82 Max: 1.59
Current: 1.52
0.46
1.59
Earnings Yield (Greenblatt) % 3.73
MITL's Earnings Yield (Greenblatt) % is ranked higher than
53% of the 688 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.97 vs. MITL: 3.73 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
MITL' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 0.1  Med: 3.8 Max: 14.2
Current: 3.73
0.1
14.2
Forward Rate of Return (Yacktman) % 5.87
MITL's Forward Rate of Return (Yacktman) % is ranked lower than
53% of the 242 Companies
in the Global Communication Equipment industry.

( Industry Median: 7.22 vs. MITL: 5.87 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
MITL' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -25.9  Med: 6.3 Max: 25.9
Current: 5.87
-25.9
25.9

More Statistics

Revenue (TTM) (Mil) $987.6
EPS (TTM) $ -1.80
Beta2.51
Short Percentage of Float1.01%
52-Week Range $5.81 - 8.52
Shares Outstanding (Mil)122.68

Analyst Estimate

Dec17 Dec18 Dec19
Revenue (Mil $) 956 951 973
EPS ($) 0.68 0.82 1.12
EPS without NRI ($) 0.68 0.82 1.12
EPS Growth Rate
(Future 3Y To 5Y Estimate)
N/A
Dividends per Share ($)
» More Articles for MITL

Headlines

Articles On GuruFocus.com
Mitel User Group Hosts Elite Experience Event May 30-June 2 Apr 20 2017 
Mitel to Announce First Quarter Financial Results on Thursday, May 4, 2017 Apr 13 2017 
Mitel Appoints Todd Abbott as EVP Global Sales Apr 04 2017 
Telenor Group’s Daxcom Chooses Mitel to Expand Business Communications Offerings in Sweden Apr 03 2017 
UPDATE -- Businesses Lose an Average of $11,000 per Employee Every Year Due to Ineffective Communica Mar 23 2017 
Businesses Lose an Average of $11,000 per Employee Every Year Due to Ineffective Communications and Mar 23 2017 
Mitel Executive Marek Wasilewski Recognized as 2017 CRN® Channel Chief Mar 14 2017 
Mitel Appoints Martha Bejar to Board of Directors Mar 13 2017 
Mitel Announces Closing of New Credit Facility Mar 09 2017 
Mitel Announces TSX Acceptance of Normal Course Issuer Bid Mar 07 2017 

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