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GTT Communications, Inc. (GTT) Reaches $59.00 After 4.00% Up Move; Veru (VERU) Shorts Down By 5.17%

The stock of GTT Communications, Inc. (NYSE:GTT) is a huge mover today! The stock increased 2.52% or $1.45 during the last trading session, reaching $59. About 108,646 shares traded. GTT Communications, Inc. (NYSE:GTT) has risen 78.59% since March 14, 2017 and is uptrending. It has outperformed by 61.89% the S&P500.The move comes after 9 months positive chart setup for the $2.65 billion company. It was reported on Mar, 14 by We have $61.36 PT which if reached, will make NYSE:GTT worth $105.80 million more.

Veru Inc (NASDAQ:VERU) had a decrease of 5.17% in short interest. VERU’s SI was 339,300 shares in March as released by FINRA. Its down 5.17% from 357,800 shares previously. With 47,000 avg volume, 7 days are for Veru Inc (NASDAQ:VERU)’s short sellers to cover VERU’s short positions. The SI to Veru Inc’s float is 1.2%. The stock decreased 1.66% or $0.0298 during the last trading session, reaching $1.7702. About 37,200 shares traded. Veru Inc. (NASDAQ:VERU) has 0.00% since March 14, 2017 and is . It has underperformed by 16.70% the S&P500.

Among 10 analysts covering GTT Communications (NYSE:GTT), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. GTT Communications had 23 analyst reports since August 7, 2015 according to SRatingsIntel. As per Wednesday, December 20, the company rating was maintained by Oppenheimer. The rating was maintained by Cowen & Co on Wednesday, October 18 with “Buy”. SunTrust maintained GTT Communications, Inc. (NYSE:GTT) on Friday, November 3 with “Buy” rating. The company was maintained on Monday, January 22 by Craig Hallum. Jefferies maintained the stock with “Buy” rating in Monday, June 26 report. The company was maintained on Thursday, August 3 by Jefferies. The stock of GTT Communications, Inc. (NYSE:GTT) earned “Buy” rating by Cowen & Co on Friday, August 4. The firm has “Buy” rating by Oppenheimer given on Tuesday, June 27. The stock has “Overweight” rating by Pacific Crest on Friday, August 7. The stock has “Buy” rating by Suntrust Robinson on Tuesday, December 13.

GTT Communications, Inc. provides cloud networking services to multinational enterprises, carriers, and government clients worldwide. The company has market cap of $2.65 billion. It offers private, public, and hybrid cloud network solutions; high bandwidth-Internet connectivity and IP transit, as well as broadband and wireless access services; managed equipment, security, and remote access services; and voice and unified communications services consisting of SIP trunking and enterprise PBX services. It currently has negative earnings. The companyÂ’s IP network consists of approximately 250 points of presence.

Analysts await GTT Communications, Inc. (NYSE:GTT) to report earnings on May, 3. They expect $-0.08 earnings per share, down 260.00% or $0.13 from last year’s $0.05 per share. After $0.04 actual earnings per share reported by GTT Communications, Inc. for the previous quarter, Wall Street now forecasts -300.00% negative EPS growth.

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