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IDT Corp - IDT STOCK NEWS

Welcome to our dedicated page for IDT news (Ticker: IDT), a resource for investors and traders seeking the latest updates and insights on IDT stock.

IDT Corp (IDT) delivers innovative solutions across telecommunications, fintech, and cloud communications through brands like National Retail Solutions and net2phone. This news hub provides investor-focused updates directly from corporate sources, ensuring accurate tracking of the company's global initiatives.

Access real-time announcements including quarterly earnings, strategic partnerships, and product innovations. Our curated collection features press releases on retail POS advancements, international payment services, and unified communications developments - all critical for assessing IDT's market position.

Key updates cover financial performance metrics, leadership changes, technology deployments, and regulatory filings. Content is organized to help stakeholders monitor growth in core segments: cloud-based telephony, digital payment ecosystems, and data-driven retail solutions.

Bookmark this page for streamlined access to IDT's corporate communications. Combine these verified updates with market analysis tools to inform your investment strategy in this dynamic multinational enterprise.

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IDT Corporation (NYSE: IDT) will present at the Sidoti Small Cap Conference on March 13, 2024, providing an overview of operations, strategy, and financial results.
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NRSInsights reported a 3.5% year-over-year increase in same-store sales for February 2024, with Western states seeing significant gains due to winter storms. Average prices rose by 1.2% year-over-year. Retailers in Arizona, Montana, and Wyoming led in sales growth. The number of items sold and transactions increased compared to the previous year. The data also showed a rise in the dollar-weighted average of prices for top items purchased.
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IDT Corporation (NYSE: IDT) reported its second-quarter fiscal year 2024 results, showcasing steady financial performance with a GAAP EPS of $0.57 and a Non-GAAP EPS of $0.67. The company's cash, cash equivalents, debt securities, and current equity investments totaled $177.6 million. IDT also initiated a quarterly dividend of $0.05 per share of Common Stock.
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WaveMAX Corporation relaunches SharedFi app for WiFi sharing and monetization, partnering with IDT Corporation's Zendit for mobile top-ups and eSIMs. PagaPhone in Mexico to be the first MVNO partner. The initiative aims to create synergies and offer a revenue-sharing business model.
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IDT Corporation (NYSE: IDT) announces the release of its financial and operational results for the second quarter of fiscal year 2024. The earnings report will be available on the investor relations website, followed by an earnings conference call for investors.
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NRS Digital Media Launches StrataSelect, a Hyper-Targeting In-Store Retail Media Solution, Enhancing Brand Campaigns with Data-Driven Store Targeting
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Zendit, a prepaid-as-a-service business of IDT Corporation, will unveil its eSIM initiative at Mobile World Congress 2024 in Barcelona, offering a cost-effective global data connectivity solution. The global eSIM market is projected to reach $44 billion by 2032, with Zendit providing a platform for developers to enter this expanding market.
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net2phone, a leading provider of intelligent communications-as-a-service, has launched its Global Connect service, offering multinational businesses an enterprise-grade cloud connectivity solution that reduces connectivity costs and simplifies voice connectivity administration. The service is designed to enable organizations to shed their costly local voice connectivity services and achieve substantial cost savings, while also enhancing productivity and streamlining the payables process. Global Connect operates across six continents and is offered by net2phone, a subsidiary of IDT Corporation (NYSE: IDT), which terminates over nine billion international long distance minutes per year to over 200 countries.
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NRSInsights reported a 1.4% increase in same-store sales at NRS retailers in January 2024 compared to January 2023. The average sales per calendar day decreased by 10.0% from December 2023, reflecting the seasonal impact of robust holiday sales in December. The average prices for the most popular items sold in January increased by 0.3% year-over-year. The report also highlighted trends in consumer spending, product categories, and inflationary pressures.
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NRSInsights (NRS) reported a 5.5% increase in same-store sales for December 2023 compared to December 2022. The average sales per calendar day increased by 5.3% compared to November 2023. The NRS retail network, consisting of approximately 28,300 active terminals, experienced a 3.4% increase in same-store sales for the three months ended December 31, 2023, compared to the same period in 2022. The number of items sold increased by 7.4% compared to December 2022, and the average number of transactions per store increased by 5.1% compared to the same period last year. The dollar-weighted average of prices for the top 500 items purchased in December 2023 increased by 1.2% year-over-year. NRS retailers have consistently outperformed the U.S. retail sector, reflecting the important roles these retailers play within their urban communities and the loyalty of their customers.
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IDT Corp

NYSE:IDT

IDT Rankings

IDT Stock Data

1.24B
20.30M
13.89%
52.42%
0.61%
Telecom Services
Telephone Communications (no Radiotelephone)
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United States
NEWARK