Mitel Networks (MITL) Worth a Look: Stock Rises 8.4% – Tale of the Tape

Mitel Networks Corporation (MITL) was a big mover last session, as the company saw its shares rise by over 8% 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 about 25% over the past one-month time frame.

This communication equipment company has seen no estimate revisions in the past one month and the Zacks Consensus Estimate has remained unchanged over the same time frame. Yesterday’s 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%.

Some better performing technology stocks include ACI Worldwide Inc. (ACIW), Alliance Fiber Optic Products Inc. (AFOP) and Blucora Inc. (BCOR). All these stocks hold a Zacks Rank #1 (Strong Buy).

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