IDT CORP
IDT CORP (IDT) Stock News
The latest IDT headlines and market coverage — 4 recent stories, updated throughout the day.
- The Motley Fool·
Why IDT Stock Was a Massive Winner This Week
IDT stock surged 17% this week following strong Q4 fiscal 2026 earnings results and an analyst price target raise. The company reported 7% year-over-year revenue growth to $339 million and 29% growth in net income, though it slightly missed adjusted earnings expectations. Analyst Mikhail Paramonov raised his price target from $75 to $85 per share, citing confidence in the company's double-digit gross profit growth guidance for fiscal 2027.
- GlobeNewswire Inc.·
Satellogic Expands Slingshot III Work with IDT and U.S. Office of Naval Research
Satellogic Inc. announced an expanded agreement with Innovative Defense Technologies (IDT) to support the U.S. Office of Naval Research's Slingshot III program. The company will integrate six additional NewSat Mark VI satellites with enhanced onboard data processing and inter-satellite link (ISL) technology to advance autonomous, low-latency maritime domain awareness capabilities during 2027-2028.
- GlobeNewswire Inc.·
IDT Corporation to Present at East Coast IDEAS Investor Conference
IDT Corporation will present at the East Coast IDEAS Investor Conference on June 11, 2026, with CFO Marcelo Fischer and VP Bill Ulrey discussing the company's operations, strategy, and Q3 FY2026 financial results. The presentation will highlight record consolidated quarterly gross profit, increased operating income across NRS, Fintech, and net2phone segments, and raised FY2026 guidance.
- Benzinga·
IDT Corporation Reports Third Quarter Fiscal Year 2026 Results
<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css" /> <p align="center"><em>Record consolidated quarterly gross profit and gross profit margin</em></p> <p align="center"><em>Income from operations at NRS, Fintech, and net2phone segments increased by 33%, 29% and 76%, respectively</em></p> <p align="center"><em>FY 2026 guidance raised to $150-$152 million in Adjusted EBITDA</em><sup><em>&#x2A;</em></sup></p> <p>NEWARK, N.J., June 03, 2026 (GLOBE NEWSWIRE) -- IDT Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/IDT" rel="nofollow">IDT</a>), a global provider of fintech and communications solutions, today reported results for the third quarter of its fiscal year 2026, the three months ended April 30, 2026.</p> <p><strong><u>3Q26 CONSOLIDATED HIGHLIGHTS</u></strong></p> <p><em>Throughout this release, unless otherwise noted, results for the third quarter of fiscal year 2026 (3Q26) are compared to the third quarter of fiscal year 2025 (3Q25).</em></p> <p><em>($ in millions except for per share figures)</em></p> <table style="border-collapse: collapse; width:100%; border-collapse:collapse ;"> <tr> <td style="max-width:25%; width:25%; min-width:25%;;vertical-align: top ; vertical-align: bottom ; "> </td> <td style="max-width:25%; width:25%; min-width:25%;;vertical-align: top ; vertical-align: bottom ; "> </td> <td style="max-width:25%; width:25%; min-width:25%;;vertical-align: top ; vertical-align: bottom ; "> </td> <td