IDT Surges 8% on Strong FY2027 Guidance and Record Q4 Results
IDT sits 66% above its 52-week low of $45.72.
Summary
IDT shares jumped 8.4% to $75.40 after the company reported mixed Q4 results but issued upbeat FY2027 guidance. EPS of $0.94 missed by $0.04, but revenue rose 7% to $339M, beating consensus. Adjusted EBITDA grew 22% to $41.2M. Management guided FY2027 gross profit to $545M-$555M and adjusted EBITDA to $176M-$180M, implying double-digit growth. The stock is trading near its 52-week high of $76.55, reflecting investor optimism. This follows the 8-K filed yesterday with record Q4 and FY2026 results; today's move confirms the market's positive reaction to the guidance.
At the time of this announcement, IDT was trading at $75.76 on NYSE in the Technology sector, with a market capitalization of approximately $1.9B. The 52-week trading range was $45.72 to $76.55. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Seeking Alpha.