|Bid||3.6600 x 800|
|Ask||3.7100 x 1400|
|Day's range||3.4950 - 3.7100|
|52-week range||3.3800 - 15.7700|
|Beta (5Y monthly)||1.38|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
GTT Communications (NYSE: GTT) stock spiked today after the company said it had reached a deal to sell its infrastructure division to I Squared Capital. Shares of the technology company jumped by as much as 31% on the news this morning but were up by 8.5% as of 11:38 a.m. EDT. GTT Communications said in a press release that the company is selling its infrastructure division, which consists of its "Pan-European, North American, sub-sea and trans-Atlantic fiber network and data center infrastructure services" for $2.15 billion.
Shares of GTT Communications (NYSE: GTT) slumped on Tuesday after the telecommunications company disclosed that it would delay the filing of its 10-Q for the quarter ended June 30. GTT said in a filing with the SEC that it discovered "certain issues related to the recording and reporting of Cost of Telecommunications Services and related internal controls" while it was closing its books for the quarter. Management, the audit committee of the board of directors, and outside counsel and consultants are now reviewing these issues to determine if any restatements of previously issued financial statements are required.
GTT Communications (GTT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.