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Last $21.78 USD
Change Today -0.25 / -1.13%
Volume 64.1K
GTT On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 06/1/15 All times are local (Market data is delayed by at least 15 minutes).

gtt communications inc (GTT) Snapshot

Open
$22.22
Previous Close
$22.03
Day High
$22.22
Day Low
$21.44
52 Week High
05/29/15 - $22.39
52 Week Low
06/18/14 - $9.46
Market Cap
759.2M
Average Volume 10 Days
106.8K
EPS TTM
$-0.14
Shares Outstanding
34.9M
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. operates as an Internet Protocol (IP) based networking company. It offers private, public, and hybrid cloud networking; high bandwidth IP transit for content delivery and hosting applications; on-demand and high-demand network capacity to support varying needs; and network-to-network carrier interconnects. The company’s network consists of layer 2 switched Ethernet mesh network, as well as IP transit/Internet access through approximately 250 points of presence. GTT Communications, Inc. markets its products and services through a direct sales force and independent sales channels. As of December 31, 2014, it served approximately 4,000 businesses in the United States, Italy, the United Kingdom, and internationally. 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.

292 Employees
Last Reported Date: 05/7/15
Founded in 2005

gtt communications inc (GTT) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $360.0K
Executive Chairman
Total Annual Compensation: $175.0K
Executive Vice President of Corporate Develop...
Total Annual Compensation: $260.0K
Compensation as of Fiscal Year 2014.

gtt communications inc (GTT) Key Developments

GTT Communications, Inc. Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Year 2015

GTT Communications, Inc. announced consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company's revenue was $62.4 million compared with $47.5 million a year ago. On a sequential basis, first quarter 2015 reported revenue declined by 0.5% compared to fourth quarter 2014, due to the impact of foreign currency translation. Operating income was $2.3 million compared with $2.4 million a year ago. Income before income taxes was $0.66 million compared with loss of $8.9 million a year ago. Net income was $1.1 million or $0.03 per basic and diluted share compared with net loss of $9.7 million or $0.41 per basic and diluted share a year ago. EBITDA was $9.8 million compared with $7.9 million a year ago. Adjusted EBITDA was $11.1 million compared with $8.4 million a year ago. Adjusted EBITDA was only nominally affected by foreign currency translation, as weaker foreign currency also lowered GTT’s cost of revenue and SG&A expense. Purchases of property and equipment were $3.4 million compared with $1.7 million a year ago. Unlevered free cash flow was $7.7 million compared to $6.7 million a year ago. The company is well on its way toward achieving its financial objectives of $400 million in revenue and $100 million in adjusted EBITDA.

GTT Communications Seeks Acquisitions

GTT Communications, Inc. (NYSE:GTT) is seeking acquisitions. Rick Calder, President and Chief Executive Officer, said, "We will execute our growth strategy organically and through selective acquisitions." Calder added, "On the acquisition front, we will continue to identify small transactions that allow us to add products, customer bases or network locations in under penetrated segments or geographies that support additional growth with our strong value proposition. We will also continue to look for larger strategic acquisitions that further scale our business and increase our global competitive position with a strong pipeline of excellent targets."

GTT Communications, Inc. Presents at Jefferies 2015 Global Technology, Media and Telecom Conference, May-14-2015 08:30 AM

GTT Communications, Inc. Presents at Jefferies 2015 Global Technology, Media and Telecom Conference, May-14-2015 08:30 AM. Venue: Mandarin Oriental Brickell, Miami, Florida, United States. Speakers: Michael T. Sicoli, Chief Financial Officer, Richard D. Calder, Chief Executive Officer, President and Director.

 

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Industry Analysis

GTT

Industry Average

Valuation GTT Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 3.4x
Price/Book 9.6x
Price/Cash Flow 52.5x
TEV/Sales 2.7x
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