.png "GTT Communications (NYSE: GTT)")
Today, the President & CEO of GTT Communications (GTT), Richard Calder, bought shares of GTT for $23.26K.
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Based on GTT Communications’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $449 million and GAAP net loss of $23.4 million. In comparison, last year the company earned revenue of $199 million and had a GAAP net loss of $9.6 million. Currently, GTT Communications has an average volume of 403.1K.
Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $46.50, reflecting a 63.7% upside. Three different firms, including Cowen & Co. and Oppenheimer, currently also have a Buy rating on the stock.
The insider sentiment on GTT Communications has been positive according to 139 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.
