$-0.19 EPS Expected for Mitel Networks (MNW); Melvin Capital Management LP Boosted New Oriental Ed & Tech Grp I (Call) (EDU) Stake

April 17, 2018 - By Stephen Andrade

Mitel Networks Corporation (TSE:MNW) Logo

Melvin Capital Management Lp increased New Oriental Ed & Tech Grp I (Call) (EDU) stake by 1311.65% reported in 2017Q4 SEC filing. Melvin Capital Management Lp acquired 2.62M shares as New Oriental Ed & Tech Grp I (Call) (EDU)’s stock declined 4.38%. The Melvin Capital Management Lp holds 2.82M shares with $265.39 million value, up from 200,000 last quarter. New Oriental Ed & Tech Grp I (Call) now has $14.61B valuation. The stock increased 1.05% or $0.96 during the last trading session, reaching $92.39. About 152,424 shares traded. New Oriental Education & Technology Group Inc. (NYSE:EDU) has risen 50.87% since April 17, 2017 and is uptrending. It has outperformed by 39.32% the S&P500.

Analysts expect Mitel Networks Corporation (TSE:MNW) to report $-0.19 EPS on May, 2.They anticipate $0.02 EPS change or 9.52% from last quarter’s $-0.21 EPS. After having $-0.02 EPS previously, Mitel Networks Corporation’s analysts see 850.00% EPS growth. The stock increased 1.32% or $0.16 during the last trading session, reaching $12.26. About 9,340 shares traded. Mitel Networks Corporation (TSE:MNW) has 0.00% since April 17, 2017 and is . It has underperformed by 11.55% the S&P500.

Mitel Networks Corporation provides business communications and collaboration software, services, and solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific regions. The company has market cap of $1.53 billion. It operates through Cloud and Enterprise divisions. It currently has negative earnings. The Cloud segment offers retail cloud services, which include UCC applications, voice and data telecommunications, and desktop devices that provide hosted cloud and related services directly to the end users under the MiCloud brand name.

Melvin Capital Management Lp decreased Thor Inds Inc (NYSE:THO) stake by 125,000 shares to 725,000 valued at $109.27M in 2017Q4. It also reduced Restaurant Brands Intl Inc (Call) stake by 143,700 shares and now owns 300,000 shares. Summit Matls Inc was reduced too.

Among 12 analysts covering New Oriental Education & Technology Group (NYSE:EDU), 9 have Buy rating, 0 Sell and 3 Hold. Therefore 75% are positive. New Oriental Education & Technology Group had 35 analyst reports since September 9, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, July 21 by Brean Capital. TH Capital maintained New Oriental Education & Technology Group Inc. (NYSE:EDU) on Thursday, July 21 with “Buy” rating. TH Capital maintained New Oriental Education & Technology Group Inc. (NYSE:EDU) on Friday, January 15 with “Buy” rating. The firm earned “Buy” rating on Wednesday, April 26 by Jefferies. The firm has “Buy” rating by Jefferies given on Wednesday, January 24. The firm has “Buy” rating given on Thursday, February 4 by Mizuho. The rating was upgraded by Macquarie Research on Friday, October 30 to “Outperform”. On Thursday, January 21 the stock rating was maintained by Macquarie Research with “Outperform”. J.P. Morgan downgraded New Oriental Education & Technology Group Inc. (NYSE:EDU) on Thursday, September 14 to “Sell” rating. On Thursday, January 14 the stock rating was initiated by Credit Suisse with “Outperform”.

New Oriental Education & Technology Group Inc. (NYSE:EDU) Ratings Chart

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By1 Stephen Andrade

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