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We recently published a list of Why These 15 Telecom Stocks Are Surging In 2025. In this article, we are going to take a look at where IDT Corporation (NYSE:IDT) stands against other telecom stocks that are surging in 2025.
The telecom sector has seen many ups and downs in the past few years. Post-COVID, these stocks declined even more due to the inflation wave and the subsequent interest rate hikes. Telecommunication companies usually have significant debt on their balance sheets due to infrastructure CapEx, and they were among the hardest hit.
However, rates are now slowly coming down, and these stocks are also starting to bottom out and turn a corner. Many telecom stocks are still profitable and pay dividends. Falling bond yields are making them even more attractive. It’s a good idea to keep tabs on which telecom stocks are spearheading the gains so far this year.
Methodology
For this article, I screened the best-performing telecom stocks year-to-date.
I will also mention the number of hedge fund investors in these stocks. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
A customer making a purchase at a modern retail store terminal, showing the ubiquity of the company’s payment solutions.
IDT Corporation (NYSE:IDT)
Number of Hedge Fund Holders In Q4 2024: 20
IDT Corporation (NYSE:IDT) provides communications and payment services. It also has point-of-sale and international remittance systems, along with cloud and traditional communication services.
The stock is up significantly so far in 2025 as IDT Corporation (NYSE:IDT) reported stellar Q2 FY2025 results. Revenue increased by 2% year-over-year to $303.3 million. Gross profit surged by 16% to $112 million, with gross margins expanding to 36.9%.
Income from operations jumped by 77% to $28.3 million. Adjusted EBITDA also rose by 56% to $34 million. Meanwhile, GAAP EPS increased from $0.57 to $0.80, while non-GAAP EPS grew from $0.67 to $0.84.
In addition, IDT Corporation (NYSE:IDT) raised its quarterly dividend by 20%, from $0.05 to $0.06 per share. The company repurchased 179,338 shares of Class B common stock during the second quarter for $8.5 million at an average price of $47.59 per share.
IDT stock is up 9.93% year-to-date.