Today, a Director at GTT Communications (NYSE: GTT), Brian Thompson, bought shares of GTT for $679.2K.
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Based on GTT Communications’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $327 million and GAAP net loss of $136 million. In comparison, last year the company earned revenue of $186 million and had a net profit of $649K. Currently, GTT Communications has an average volume of 1.07M.
Based on 7 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $43.20, reflecting a -24.1% downside. 11 different firms, including BTIG and Cowen & Co., currently also have a Buy rating on the stock.
The insider sentiment on GTT Communications has been neutral according to 134 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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GTT Communications, Inc. engages in the provision of cloud networking services to multinational clients. It offers broad portfolio of global services including private networking; Internet; optical transport; Software Defined Wide Area Networking; managed services; voice and unified communications; video transport; and access services.
