Jefferies Raises Price Target on GTT Communications (GTT) Following 3Q Release
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GTT to Acquire Hibernia Networks
November 9, 2016 8:15 AM ESTAdds highly strategic global fiber assets, including ultra-low latency routes
Expands service portfolio and client base
Significantly increases scale
MCLEAN, Va.--(BUSINESS WIRE)--
GTT Communications, Inc. (NYSE: GTT), the leading global cloud networking provider to multinational clients, announced today a definitive agreement to acquire... More
GTT Reports Third Quarter 2016 Financial Results
November 9, 2016 7:31 AM ESTRevenue Grew 36% Year-Over-Year to $131.9 Million; Up 2% Sequentially
Adjusted EBITDA Grew 54% Year-Over-Year to $32.1 Million; Up 6% Sequentially
MCLEAN, Va.--(BUSINESS WIRE)-- GTT Communications, Inc. (NYSE: GTT), the leading global cloud networking provider to multinational clients, announced today its financial results for the third quarter ended September 30, 2016.
Third quarter highlights:
Revenue increased by 35.9% to $131.9... More