Last $15.51 USD
Change Today +0.07 / 0.45%
Volume 180.2K
GTT On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

gtt communications inc (GTT) Snapshot

Open
$15.42
Previous Close
$15.44
Day High
$15.75
Day Low
$15.20
52 Week High
02/27/15 - $15.75
52 Week Low
05/21/14 - $7.59
Market Cap
502.4M
Average Volume 10 Days
222.3K
EPS TTM
$-0.62
Shares Outstanding
32.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for GTT COMMUNICATIONS INC (GTT)

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gtt communications inc (GTT) Details

GTT Communications, Inc. provides cloud networking services to enterprise, government, and wholesale customers in the United States, Italy, the United Kingdom, and other countries. The company offers data connectivity solutions, such as dedicated circuit access, access aggregation and hubbing, and managed network services. Its network consists of a layer 2 switched Ethernet, 10Gb mesh network, and IP transit or dedicated Internet access through approximately 200 points of presence. The company sells its services through direct sales forces, as well as through agent channel relationships. As of September 30, 2014, its customer base comprised approximately 2,000 businesses. The company was formerly known as Global Telecom & Technology, Inc. and changed its name to GTT Communications, Inc. in January 2014. GTT Communications, Inc. was incorporated in 2005 and is headquartered in McLean, Virginia.

215 Employees
Last Reported Date: 11/12/14
Founded in 2005

gtt communications inc (GTT) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $310.0K
Executive Chairman
Total Annual Compensation: $175.0K
Chief Financial Officer and Treasurer
Total Annual Compensation: $200.0K
Executive Vice President of Corporate Develop...
Total Annual Compensation: $235.0K
Compensation as of Fiscal Year 2013.

gtt communications inc (GTT) Key Developments

GTT Communications, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides CapEx Guidance for the Fourth Quarter and Full Year of 2014

GTT Communications, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported operating loss of $951,000, loss before income taxes of $6,031,000, net loss of $6,636,000 or $0.23 diluted loss per share on telecommunications services sold was $49,161,000 against operating income of $2,020,000, loss before income taxes of $3,874,000, net loss of $4,290,000 or $0.19 diluted loss per share on telecommunications services sold was $45,106,000 for the same period a year ago. EBITDA was $1,823,000, adjusted EBITDA of $8,938,000 against EBITDA was $7,177,000, adjusted EBITDA of $7,563,000 for the same period a year ago. Purchases of property and equipment was $413,000 against $1,329,000 for the same period a year ago. Capital expenditures in the quarter were only $413,000. For the nine months, the company reported operating income of $3,849,000, loss before income taxes of $14,514,000, net loss of $15,325,000 or $0.59 diluted loss per share on telecommunications services sold was $144,684,000 against operating loss of $4,142,000, loss before income taxes of $16,659,000, net loss of $17,096,000 or $0.79 diluted loss per share on telecommunications services sold was $111,267,000 for the same period a year ago. EBITDA was $17,656,000, adjusted EBITDA of $25,917,000 against EBITDA was $7,054,000, adjusted EBITDA of $16,330,000 for the same period a year ago. Purchases of property and equipment was $3,058,000 against $2,328,000 for the same period a year ago. CapEx was $3.1 million. The company also provided capex guidance for the fourth quarter and full year of 2014. The fourth quarter CapEx will be higher than that of third quarter of 2014. For the full year, the company expects it to be under 3%.

GTT Communications, Inc. Provides Update on Litigation with Artel LLC

The following is an update on litigation with Artel LLC. GTT Communications, Inc. filed a civil complaint against Artel, LLC on June 15, 2012 in the Fairfax County Virginia Circuit Court, docket number CL2012-04735, alleging breach of contract with respect to telecommunication services. In response to the complaint, Artel, LLC filed a counterclaim based on allegations of breach of contract and certain business torts. On December 20, 2013, the court entered a judgment against GTT Communications, Inc. in the amount of $3.3 million. The court suspended the judgment, subject to a letter of credit during the appeal to the Supreme Court of Virginia. On October 29, 2014 the Supreme Court of Virginia granted in part and denied in part GTT Communications, Inc.'s petition for appeal and this decision was communicated to GTT Communications, Inc. on October 30, 2014. GTT Communications, Inc. is currently evaluating options to contest further the judgment against GTT Communications, Inc. As a consequence of the decision by the Supreme Court of Virginia, GTT Communications, Inc. has established an accrual equal to the full amount of the judgment as of the quarter ended September 30, 2014. The $3.3 million judgment represents less than 10% of current consolidated assets as of the quarter ended September 30, 2014.

GTT Communications, Inc. to Report Q3, 2014 Results on Nov 11, 2014

GTT Communications, Inc. announced that they will report Q3, 2014 results at 10:00 AM, US Eastern Standard Time on Nov 11, 2014

 

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GTT

Industry Average

Valuation GTT Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.3x
Price/Book 13.1x
Price/Cash Flow 162.2x
TEV/Sales 1.8x
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