Mitel (MITL +32.4%) is recouping a big chunk of the losses it saw following its Aug. 8 warning...

|About: Mitel Networks Corporation (MITL)|By:, SA News Editor

Mitel (MITL +32.4%) is recouping a big chunk of the losses it saw following its Aug. 8 warning after beating FQ2 estimates and guiding for FQ3 revenue of $141M-$146M, in-line with a $142.1M consensus. The maker of unified communications gear, which has had trouble competing against bigger vendors such as Cisco, reported a 100% Y/Y increase in the size of cloud product customer base. (PR)