NJ TECH CORNER: IDT Corporation
Photo: Shmuel Jonas, CEO of IDT Corporation Photo Credit: Courtesy IDT Corp.
Shmuel Jonas, CEO of IDT Corporation | Courtesy IDT Corp.

Company Overview

IDT Corporation (NYSE:IDT) is a multinational telecommunications and payments company. The Newark-based company, founded by Howard Jonas in 1990, provides its services to individuals and businesses primarily through its flagship BOSS Revolution and net2Phone brands. IDT has a workforce of over 1,200 employees on six continents. The company has made forays into a wide variety of industries outside of its core telecom and payments business divisions. These industries include cloud computing, energy, entertainment, publishing, and pharmaceuticals. The company says these endeavors have often resulted in public spin-offs or acquisitions that have disrupted whole industries.

Shares of common stock outstanding (as of Oct. 19, 2017):

24,841,407

Share price of stock (November 29, 2017)

  $15.53

Share price of stock (one year ago)

  $21.11

Current valuation (as of November 29, 2017)

  $385.78 million

Valuation one year ago

  $486.82 million

Stock Symbol:

NYSE:IDT

Revenues  (as of July 31, 2017)

$1.506 billion

Revenues (previous year)

$1.496 billion

Net Income (as of July 31, 2017)

$9.641 million

Net Income (previous year)

$25.258 million  

 Management Team

 

Name

Age

Title

Shmuel Jonas

36

CEO; Managing Member, Arlington Suites, LLC

Howard S. Jonas

61

Chairman

Bill Pereiro

52

CEO and President, IDT Telecom

Marcelo Fischer

50

Senior Vice President-Finance; Chief Financial Officer, IDT Telecom

Joyce J. Mason

58

Executive Vice President, General Counsel and Corporate Secretary

Mitch Silberman

49

Chief Accounting Officer and Controller

Menachem Ash

45

Executive Vice President of Strategy and Legal Affairs

Anthony S. Davidson

49

Senior Vice President of Technology; Executive Vice President, Carrier Operations of IDT Telecom

Board of Directors

 

Name

Age

Title

Howard S. Jonas

61

Chairman

Bill Pereiro

52

CEO and President, IDT Telecom

Michael Chenkin

66

CPA; former consultant to security industry

Rev. Eric F. Consentino

60

Member and Governance Fellow, National Association of Corporate Directors; former Rector of Episcopal Church of the Divine Love

Dr. Judah Schorr

65

President, Judah Schorr MD PC and Tutto Anesthesia; Attending Physician at Anesthesia Services at Bergen Regional Medical Center; Managing Partner, Chavrusa Corp.


Noteworthy Control

 

Name

Shares of common stock owned

% of total common shares

Howard S. Jonas

5,279,503

20.4%

The Vanguard Group

1,799,996

7.7%

Blackrock, Inc.

1,203,298

5.2%

Renaissance Technologies, LLC

1,381,306

5.9%

 

[All information for NJ Tech Corner was taken from the company's annual reports and proxy statements and other company sources, with the exception of the company's stock price and valuation.]


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