Comtech Telecommunications (CMTL) to Release Quarterly Earnings on Monday

by · The Markets Daily

Comtech Telecommunications (NASDAQ:CMTL – Get Free Report) is expected to release its results before the market opens on Monday, January 12th. Analysts expect Comtech Telecommunications to post earnings of ($0.39) per share for the quarter.

Comtech Telecommunications (NASDAQ:CMTL – Get Free Report) last posted its quarterly earnings results on Wednesday, June 21st. The communications equipment provider reported $0.25 earnings per share for the quarter. Comtech Telecommunications had a positive return on equity of 8.35% and a negative net margin of 4.60%.The firm had revenue of $122.12 million for the quarter. On average, analysts expect Comtech Telecommunications to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Comtech Telecommunications Trading Down 3.2%

Shares of CMTL stock opened at $5.47 on Friday. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.70 and a quick ratio of 1.27. The business’s fifty day moving average price is $3.73 and its 200 day moving average price is $2.90. Comtech Telecommunications has a 1-year low of $1.19 and a 1-year high of $5.98. The firm has a market capitalization of $162.07 million, a PE ratio of -2.37 and a beta of 1.06.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Zacks Research raised Comtech Telecommunications to a “hold” rating in a research report on Wednesday, November 19th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Comtech Telecommunications in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $6.00.

View Our Latest Stock Analysis on Comtech Telecommunications

Institutional Trading of Comtech Telecommunications

A number of large investors have recently modified their holdings of the company. Cresset Asset Management LLC bought a new stake in Comtech Telecommunications in the 3rd quarter valued at about $39,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Comtech Telecommunications during the first quarter valued at approximately $59,000. Cetera Investment Advisers boosted its position in shares of Comtech Telecommunications by 25.9% during the second quarter. Cetera Investment Advisers now owns 25,250 shares of the communications equipment provider’s stock worth $62,000 after buying an additional 5,192 shares during the period. Goldman Sachs Group Inc. grew its holdings in Comtech Telecommunications by 86.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 44,593 shares of the communications equipment provider’s stock worth $71,000 after buying an additional 20,726 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new position in Comtech Telecommunications in the 3rd quarter worth approximately $80,000.

Comtech Telecommunications Company Profile

(Get Free Report)

Comtech Telecommunications Corporation (NASDAQ:CMTL), founded in 1969 and headquartered in Melville, New York, is a leading global provider of advanced communications solutions. The company designs, develops, and deploys equipment, systems, and services that enable secure and reliable transmission of voice, video, and data. Over its history, Comtech has built a reputation for innovation across satellite communications, wireless data systems, and public safety networks, serving both commercial and government customers worldwide.

Comtech operates through two primary business segments: Commercial Solutions and Government Solutions.

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