Boston, MA, 02/27/2014 (usastockreport) – Telecom service provider Frontier Communications Corp (NASDAQ:FTR) continues to enjoy good traction in its broadband service business, resulting in impressive bottom line performance despite experiencing a drop in revenues. The company has now launched a nationwide cloud based VoIP service powered by Mitel, aimed at offering commercial customers more reliable and data solutions, as well as a converged voice that is affordable with enhanced call management capabilities.
Benefits of ‘Anyware’ to Businesses
Frontier Communications Corp (NASDAQ:FTR)’s ‘Anyware’ will give customers the option of reducing their upfront costs when buying phones while also investing in on-premises PBX systems. There will be a low monthly based subscription based price, which will allow customers full access to flexible and scalable services able to grow with their business needs.
Mitel already offers proven solutions essential for upgrading and migrating of options, perfect for cloud based business communications. Anyware will enhance Frontier’s robust product portfolio that will make it easier for it to offer more reliable service to its business partners.
Frontier ‘Shares Continuing to Surge
Frontier Communications Corp (NASDAQ:FTR)’s shares continue to maintain an upward trend in the market having surged by 10% immediately after posting fourth quarter and full year results. The telecom service provider has already hit 52 weeks high of $5.47 this year and looks set to topple this margins in the coming months.
The ongoing rally in the market has been attributed to solid financial results reported in the fourth. Its net operating cash has already increased by 7.16% on a year over basis, clocking highs of $420.9 million as a result and consequently surpassing the industry cash flow average of 4.60%.
A gross profit margin of 46.88% in the industry is already considered strong having grown compared to that of the same period the period the prior year. Frontier Communications Corp (NASDAQ:FTR)’s debt to equity ratio is also at a high of 2.01 suggesting better debt management strategies from the management team.