IDT Corp’s shares advanced to a 52-week high of $69.22 on Friday, extending a multi-month rally driven by robust financial performance and improved credit terms.
The telecommunications and payment services provider reported fiscal third-quarter 2026 earnings per share of $0.94, topping the $0.92 forecast by 2.17%. Revenue reached $315.7 million, exceeding the $303 million estimate by 4.19%. The company has posted a 10.19% gain over the past year, a 35% return over the last six months, and a 34% increase year-to-date.
Concurrently, IDT Telecom, Inc. secured an amendment to its credit agreement with TD Bank, N.A., increasing the available facility to $50 million during May and December each year. The maturity date was extended to July 15, 2029, while new corporate guarantors—National Retail Solutions, Inc., IDT Payment Services, Inc., and IDT Payment Services of New York, LLC—were added. Existing guarantors IDT Corporation and Net2Phone, Inc. remain unchanged.
InvestingPro data indicates the stock holds a "GREAT" financial health score and appears undervalued at current levels.
