The total value of the transaction amounted to $25,053. Following the sale, Cosentino retains 1,053 shares, which consist of fully vested shares of restricted stock. The stock has shown strong momentum with a 26.74% price return over the past six months, though InvestingPro analysis suggests the stock is slightly overvalued at current levels. For deeper insights into insider trading patterns and access to 8 additional ProTips, investors can explore IDT's comprehensive Pro Research Report, available exclusively on InvestingPro. The stock has shown strong momentum with a 26.74% price return over the past six months, though InvestingPro analysis suggests the stock is slightly overvalued at current levels. For deeper insights into insider trading patterns and access to 8 additional ProTips, investors can explore IDT's comprehensive Pro Research Report, available exclusively on InvestingPro. The total value of the transaction amounted to $25,053. Following the sale, Cosentino retains 1,053 shares, which consist of fully vested shares of restricted stock.
In other recent news, IDT Corporation has been making significant strides in its operations. The telecommunications firm recently announced the successful election of its board members, with all nominees securing their positions with a substantial majority. In another development, the company declared a quarterly cash dividend of $0.05 per share.
In addition to these governance matters, IDT Corporation has also reported strong financial performance for the first quarter of the fiscal year 2025. The company surpassed earnings expectations, with a Q1 EPS of $0.71, and achieved record levels in gross profit and adjusted EBITDA. Revenue also continued its upward trend for the third consecutive quarter, reaching $309.6 million.
The company's NRS segment saw increased adoption of payment processing services, contributing to these positive financial results. Despite challenges from foreign exchange fluctuations impacting international operations, IDT Corporation remains focused on U.S. market expansion and product innovation. These are some of the recent developments that highlight the company's ongoing operational successes.
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