Why Nicola Adamo Purchased 4,000 Shares of GTT Communications, Inc. (GTT)?; Shorts at WAYNE SAVINGS BANCSHARES (WAYN) Lowered By 57.14%

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WAYNE SAVINGS BANCSHARES INC (OTCMKTS:WAYN) had a decrease of 57.14% in short interest. WAYN’s SI was 300 shares in May as released by FINRA. Its down 57.14% from 700 shares previously. The SI to WAYNE SAVINGS BANCSHARES INC’s float is 0.01%. It closed at $19.2 lastly. It is down 13.43% since May 17, 2017 and is uptrending. It has outperformed by 1.88% the S&P500.

GTT Communications, Inc. provides cloud networking services to multinational enterprises, carriers, and government clients worldwide. The company has market cap of $2.25 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 August, 2. They expect $-0.17 EPS, down 950.00% or $0.19 from last year’s $0.02 per share. After $-0.12 actual EPS reported by GTT Communications, Inc. for the previous quarter, Wall Street now forecasts 41.67% negative EPS growth.

More notable recent GTT Communications, Inc. (NYSE:GTT) news were published by: Businesswire.com which released: “GTT Wins 2018 Leading Lights Award for Best Deal Maker” on May 16, 2018, also Benzinga.com with their article: “Buy The Dip In GTT Communications, KeyBanc Says In Upgrade” published on May 04, 2018, Bizjournals.com published: “GTT Communications takes over Google’s old space near The Domain” on May 08, 2018. More interesting news about GTT Communications, Inc. (NYSE:GTT) were released by: Businesswire.com and their article: “GTT Announces Earnings Call for First Quarter 2018” published on April 26, 2018 as well as Businesswire.com‘s news article titled: “GTT Wins Three Gold Stevie Awards in 2018 American Business Awards” with publication date: May 10, 2018.

Among 12 analysts covering GTT Communications (NYSE:GTT), 11 have Buy rating, 0 Sell and 1 Hold. Therefore 92% are positive. GTT Communications has $6200 highest and $27 lowest target. $49’s average target is -2.00% below currents $50 stock price. GTT Communications had 27 analyst reports since August 7, 2015 according to SRatingsIntel. Cowen & Co maintained it with “Buy” rating and $43.0 target in Wednesday, October 18 report. Jefferies maintained GTT Communications, Inc. (NYSE:GTT) on Monday, June 26 with “Buy” rating. The firm has “Overweight” rating by Pacific Crest given on Wednesday, September 16. The company was maintained on Monday, January 22 by Craig Hallum. Oppenheimer maintained the stock with “Buy” rating in Tuesday, June 27 report. The stock of GTT Communications, Inc. (NYSE:GTT) has “Overweight” rating given on Friday, May 4 by KeyBanc Capital Markets. The firm earned “Buy” rating on Friday, November 3 by SunTrust. The firm has “Buy” rating by Oppenheimer given on Thursday, April 12. The rating was maintained by Jefferies with “Buy” on Thursday, August 3. The stock of GTT Communications, Inc. (NYSE:GTT) earned “Buy” rating by SunTrust on Thursday, March 1.

The stock decreased 0.20% or $0.1 during the last trading session, reaching $50. About 362,620 shares traded. GTT Communications, Inc. (NYSE:GTT) has risen 131.28% since May 17, 2017 and is uptrending. It has outperformed by 119.73% the S&P500.

The insider Nicola Adamo who is director of Gtt Communications Inc obtained some 4,000 shares of the ‘s company having a market value of $202,679 USD based on a stock price of $50.7 per each share. Nicola Adamo currently has rights to 46,565 shares which are equivalent to around 0.10% of the Virginia-Company’s market capitalization.

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