IDT Corp. Cl B

IDT operates primarily in the telecommunications and payment industries. The company has two reportable business segments: Telecom and Payment Services, which provides international long-distance calling products primarily to foreign-born communities, terminates international long distance calls around the world for Tier 1 fixed line and mobile network operators, and provides payment offerings, including international and domestic airtime top-up, domestic bill payment and international money transfer services, and its merchant service offerings; and net2phone-Unified Communications as a Service, which provides Voice over Internet Protocol products and services sold under the net2phone brand.
  • TickerIDT
  • ISINUS4489475073
  • ExchangeNew York Stock Exchange
  • SectorFixed Line Telecommunications
  • CountryUnited States

Feasibility Study Results in December to be a Catalyst for this Junior

Feasibility Study Results in December to be a Catalyst for this Junior

1 director sold

A director at Idt Corp sold 4,000 shares at 6.615USD and the significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board members...

The Corporate Restructuring Report-IDT Corporation (IDT) & Rafael Holdings Inc (RFL)

On March 26, 2018, IDT Corporation (NYSE:IDT) completed the tax-free spin-off of its commercial real estate and pharmaceutical business into a separate public company, Rafael Holdings Inc. (RFL).  The parent retained the core telecom, payment services and related businesses.  The spin-off makes sense given the fact that Rafael businesses are non-core and have little synergies with the core telecom business. IDT's flagship Boss Revolution calling system, which accounted for ~33% of overall sales (as of 2Q18) continue to face headwinds amid increased adoption of over-the-top voice and messaging...

Paul McCann

IDT Corp (IDT) Revises Spin-Off Timeline; Completion Slated for March 26

On March 2, 2018, IDT Corporation (NYSE: IDT, $12.09, Market Capitalization: $300 million) announced that SEC has completed the review of registration statement related to spin-off of Rafael Holdings, Inc. (“RFL”) and revised the details and timeline for the transaction.  Company Description                                                    IDT Corporation (Parent) IDT Corporation (IDT) is a multinational holding company primarily providing telecommunications and payment services. The company’s IDT Telecom business is involved in marketing and distributing multiple communications and paym...

Paul McCann

IDT Corp (IDT) to Spin-Off Rafael Holdings ("RFL") on March 5

On February 5, 2018, IDT Corporation (NYSE: IDT, $10.21, Market Capitalization: $253.6 million) announced the details and timeline for the spin-off of Rafael Holdings, Inc. (“RFL”). We remain convinced that the persistently weak competitive position, poor quarterly results, challenges in core operations and risk of dividend sustainability should continue to pressure IDT’s stock price. We retain our FY18 estimates and target price on IDT Corp at $10.00 per share, our fair value estimate of $3.00 per IDT share on Rafael Holdings and our fair value estimate of IDT Corp (Stub) at $7.00 per IDT sh...

1 director sold

A director at Idt Corp sold 4,000 shares at 6.615USD and the significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board members...