Mitel Networks (MITL) in Focus: Stock Moves 5.8% Higher – Tale of the Tape

December 9, 2013 Technicals 0

Zacks

Mitel Networks Corporation (MITL) was a big mover last session, as the company saw its shares rise by nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up nearly 43.5% in the past one-month time frame.

This wireless equipment company has seen no estimate revision in the past 30 days and its Zacks Consensus Estimate remained unchanged over the same time frame. 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 #2 (Buy) while its Earnings ESP is 0.00%.

Some other stocks in the wireless equipment industry include Ubiquiti Networks, Inc. (UBNT), Motorola Solutions, Inc. (MSI) and QUALCOMM Inc. (QCOM). While Ubiquiti Networks holds a Zacks Rank #1 (Strong Buy), Motorola Solutions and QUALCOMM Inc. carry a Zacks Rank #2 (Buy).

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