Jefferies Raises Price Target on GTT Communications (GTT) Following 3Q Release

Go back to Jefferies Raises Price Target on GTT Communications (GTT) Following 3Q Release

GTT to Acquire Hibernia Networks

November 9, 2016 8:15 AM EST

Adds 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 EST

Revenue 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