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Shares of Verizon Communications Inc. (NYSE:VZ) ended Friday session in green amid volatile trading. The shares closed up +0.21 points or 0.45% at $47.08 with 14.41 million shares getting traded. Post opening the session at $46.97, the shares hit an intraday low of $46.89 and an intraday high of $47.28 and the price vacillated in this range throughout the day. The company has a market cap of $187.30 billion and the numbers of outstanding shares have been calculated to be 4.08 billion shares.

Verizon Digital Media Services declared recently that it is powering the streaming and syndication of linear and on-demand video content for Newsy, an over-the-top news network delivering the day’s top stories for the next generation of news consumers. The Verizon Digital Media Services platform ensures that Newsy viewers can watch high-quality video across OTT platforms, connected televisions and mobile devices.

“Verizon Digital Media Services has proven that it has the technical expertise and scale to deliver content that Newsy needs to power our fast-growing linear and on-demand video offering,” said Blake Sabatinelli, general manager of Newsy. “With millions of hours of content delivered monthly, Verizon provides our advertisers with the ability to reach our audience quickly and effectively.”

Shares of Mitel Networks Corporation (NASDAQ:MITL) ended Friday session in red amid volatile trading. The shares closed down -0.15 points or -2.25% at $6.51 with 294,652 shares getting traded. Post opening the session at $6.57, the shares hit an intraday low of $6.38 and an intraday high of $6.64 and the price vacillated in this range throughout the day. The company has a market cap of $791.60 million and the numbers of outstanding shares have been calculated to be 121.60 million shares.

Mitel Networks Corporation (MITL) recently declared financial results for the third quarter ended September 30, 2016.

“In Q3 the Mitel team delivered a solid performance reporting GAAP EPS of $0.20 and non-GAAP EPS of $0.12,” said Richard McBee, Mitel’s Chief Executive Officer.  “In a highly competitive and rapidly changing landscape, Mitel continued to win new enterprise accounts in premise and cloud, and earned global industry recognition counting the Frost & Sullivan Competitive Strategy Innovation and Leadership Award for cloud services. With a clear migration path for customers, a series of new product offerings now in market, and a strong pipeline, we are well-positioned moving into what is typically our strongest quarter of the year.”

 

 

 

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