Last $12.26 USD
Change Today 0.00 / 0.00%
Volume 0.0
GTT On Other Exchanges
Symbol
Exchange
NYSE Amex
As of 8:04 PM 09/15/14 All times are local (Market data is delayed by at least 15 minutes).

gtt communications inc (GTT) Snapshot

Open
$12.35
Previous Close
$12.26
Day High
$12.40
Day Low
$12.09
52 Week High
03/10/14 - $13.39
52 Week Low
09/20/13 - $4.12
Market Cap
352.3M
Average Volume 10 Days
87.3K
EPS TTM
$-0.72
Shares Outstanding
28.7M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for GTT COMMUNICATIONS INC (GTT)

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gtt communications inc (GTT) Details

GTT Communications, Inc. provides cloud networking services to enterprise, government, and wholesale customers. The company offers data connectivity solutions, such as dedicated circuit access, access aggregation and hubbing, and managed network services. Its network consists of a layer 2 switched Ethernet, 10Gb mesh network, and IP transit or dedicated Internet access through approximately 200 points of presence. The company sells its services through direct sales forces, as well as through agent channel relationships. The company was incorporated in 2005 and is headquartered in McLean, Virginia.

207 Employees
Last Reported Date: 08/12/14
Founded in 2005

gtt communications inc (GTT) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $310.0K
Executive Chairman
Total Annual Compensation: $175.0K
Chief Financial Officer and Treasurer
Total Annual Compensation: $200.0K
Executive Vice President of Corporate Develop...
Total Annual Compensation: $235.0K
Compensation as of Fiscal Year 2013.

gtt communications inc (GTT) Key Developments

GTT Communications and its Domestic Subsidiaries Enters into Second Amended and Restated Credit Agreement

On August 6, 2014, GTT Communications, Inc. and its domestic subsidiaries, Global Telecom & Technology Americas, Inc. WBS Connect LLC, PacketExchange (USA), Inc., PacketExchange Inc., TEK Channel Consulting, LLC, GTT Global Telecom Government Services, LLC, Communication Decisions-SNVC LLC, Core180, LLC, Electra Ltd., IDC Global, Inc., nLayer Communications, Inc., NT Network Services, LLC, GTT 360, Inc. and Wall Street Network Solutions, LLC entered into a Second Amended and Restated Credit Agreement with each lender from time to time party thereto, Webster Bank N.A., as Administrative Agent for the Lenders, Webster Bank, N.A., as sole and exclusive Lead Arranger, East West Bank and Fifth Third Bank as Co-Documentation Agents, Pacific Western Bank as Syndication Agent and Webster Bank, N.A., as L/C Issuer. The Second Amended Credit Agreement amends and restates that certain Amended and Restated Credit Agreement dated December 31, 2013 (as amended, the "Original Credit Agreement") by and among certain of the same parties. The Second Amended Credit Agreement provides for a senior term loan, a revolving line of credit facility, a letter of credit facility, a delayed draw term facility and an uncommitted incremental credit facility, and is secured by substantially all of the Borrowers tangible and intangible assets. In addition, the obligations of the Borrowers are secured by a pledge of the equity interests of the domestic and no more than 65% of the equity interests of the first tier foreign subsidiaries of the Company, GTTA, and GTTG. The maturity of the loans under the Second Amended Credit Agreement were extended to August 6, 2019.

GTT Communications, Inc. Presents at 16th Annual Pacific Crest Global Technology Leadership Forum, Aug-12-2014 11:00 AM

GTT Communications, Inc. Presents at 16th Annual Pacific Crest Global Technology Leadership Forum, Aug-12-2014 11:00 AM. Venue: The Sonnenalp Hotel, 20 Vail Road, Vail, CO 81657, United States. Speakers: Michael R. Bauer, Chief Financial Officer and Treasurer.

GTT Communications, Inc. Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Second Half of 2014

GTT Communications, Inc. announced consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company's revenue was $48,054,000 compared with $39,729,000 a year ago. Operating income was $2,432,000 compared with operating loss of $6,935,000 a year ago. Loss before income taxes was $437,000 compared with income before income taxes of $10,455,000 a year ago. Net income was $976,000 or $0.04 per basic and diluted share compared with net loss $10,285,000 or $0.46 per basic and diluted share a year ago. EBITDA was $7,908,000 compared with LBITDA of $2,585,000 a year ago. Adjusted EBITDA was $8,564,000 compared with $5,142,000 a year ago. Capital expenditures was $0.9 million, or 1.9% of revenue, supported the growing traffic demand across GTT's global network. For the six months, the company's revenue was $95,523,000 compared with $66,162,000 a year ago. Operating income was $4,801,000 compared with operating loss of $6,161,000 a year ago. Loss before income taxes was $8,482,000 compared with $12,785,000 a year ago. Net loss was $8,688,000 or $0.35 per basic and diluted share compared with $12,806,000 or $0.61 per basic and diluted share a year ago. EBITDA was $15,833,000 compared with $584,000 a year ago. Adjusted EBITDA was $16,978,000 compared with $8,767,000 a year ago. Capital expenditures was $2.6 million, or 2.8% of revenue, is consistent with GTT's capex-light business model which yields high levels of unlevered free cash flow. The company provided earnings guidance for the second half of 2014. The company expects rapid growth as it accelerates toward next financial objective of $400 million in revenue and $100 million in Adjusted EBITDA.

 

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GTT

Industry Average

Valuation GTT Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.7x
Price/Book 11.1x
Price/Cash Flow 73.8x
TEV/Sales 1.3x
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