Comtech Telecomm. Corp. (CMTL) was Initiated by Northland Capital to “Outperform” and the brokerage firm has set the Price Target at $20. Northland Capital advised their investors in a research report released on Jul 6, 2016.
On the company’s financial health, Comtech Telecomm. Corp. reported $-0.89 EPS for the quarter, beating the analyst consensus estimate by $ 0.77 according to the earnings call on Jun 8, 2016. Analyst had a consensus of $-1.66. The company had revenue of $124.20 million for the quarter, compared to analysts expectations of $128.90 million. The company’s revenue was up 73.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS.
Comtech Telecomm. Corp. closed down -0.54 points or -4.20% at $12.31 with 3,84,971 shares getting traded on Tuesday. Post opening the session at $12.75, the shares hit an intraday low of $12.11 and an intraday high of $12.79 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
Investors should note that on Jun 8, 2016, Comtech Telecomm. Corp. announced a cash dividend of $0.3000. The company’s management has announced Jul 14, 2016 as the ex-dividend date and fixed the record date on Jul 18, 2016. The payable date has been fixed on Aug 19, 2016.
In a different news, on Apr 16, 2015, Ira Kaplan (director) sold 15,000 shares at $31.53 per share price. According to the SEC, on Apr 14, 2015, Edwin Kantor (director) sold 15,000 shares at $31.57 per share price. On Apr 3, 2015, Robert L Mccollum (Sr. Vice President) sold 23,453 shares at $29.73 per share price, according to the Form-4 filing with the securities and exchange commission.
Comtech Telecommunications Corp. designs develops produces and markets products systems and services for advanced communications solutions. The Company operates through three segments: telecommunications transmission RF microwave amplifiers and mobile data communications. Its telecommunications transmission segment provides equipment and systems used for satellite transmission and enable wireless communications. Its RF microwave amplifiers segment designs develops manufactures and markets traveling wave tube amplifiers and solid-state power amplifiers including high-power narrow and broadband radio frequency (RF) microwave amplifier products. Its mobile data communications segment’s products and services relate to its support of the United States Army’s Blue Force Tracking (BFT-1) program. It sells its products to customer base in the global commercial and government communications markets including the backhaul of wireless and cellular traffic and defense applications.