Mitel Networks (MITL) Soars: Stock Adds 11.4% in Session

Mitel Networks Corporation MITL  was a big mover last session, as the company saw its shares rise over 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $7.16–$7.82 in the past one-month time frame, witnessed a sharp increase yesterday.

The company has seen no estimate revisions over the past one month, and the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.     

Mitel Networks currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Mitel Networks Corporation Price and Consensus

Mitel Networks Corporation Price and Consensus | Mitel Networks Corporation Quote

A better ranked stock in the  Wireless Equipment industry is Harris Corporation HRS which also carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is MITL going up? Or down? Predict to see what others think: Up or Down

Investor Alert: Breakthroughs Pending

A medical advance is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating substantial revenue, and even more wondrous products are in the pipeline.

Cures for a variety of deadly diseases are in sight, and so are big potential profits for early investors. Zacks names 5 stocks to buy now.

Click here to see them >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Harris Corporation (HRS) : Free Stock Analysis Report
 
Mitel Networks Corporation (MITL) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research