Comtech Telecomm. Corp. (CMTL) : Mondrian Investment Partners Ltd scooped up 52,000 additional shares in Comtech Telecomm. Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 179,281 shares of Comtech Telecomm. Corp. which is valued at $2,307,346.Comtech Telecomm. Corp. makes up approximately 0.05% of Mondrian Investment Partners Ltd’s portfolio.
Other Hedge Funds, Including , Clarivest Asset Management boosted its stake in CMTL in the latest quarter, The investment management firm added 1,400 additional shares and now holds a total of 35,909 shares of Comtech Telecomm. Corp. which is valued at $469,331. Comtech Telecomm. Corp. makes up approx 0.01% of Clarivest Asset Management’s portfolio.Strs Ohio reduced its stake in CMTL by selling 25,700 shares or 45.89% in the most recent quarter. The Hedge Fund company now holds 30,300 shares of CMTL which is valued at $416,322. Simplex Trading sold out all of its stake in CMTL during the most recent quarter. The investment firm sold 1,885 shares of CMTL which is valued $25,353.Bnp Paribas Arbitrage Sa boosted its stake in CMTL in the latest quarter, The investment management firm added 4,594 additional shares and now holds a total of 7,163 shares of Comtech Telecomm. Corp. which is valued at $93,979.
Comtech Telecomm. Corp. closed down -0.03 points or -0.23% at $12.84 with 2,05,204 shares getting traded on Thursday. Post opening the session at $12.92, the shares hit an intraday low of $12.8 and an intraday high of $13.21 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
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.
Many Wall Street Analysts have commented on Comtech Telecomm. Corp.. Jefferies Initiated Comtech Telecomm. Corp. on Aug 2, 2016 to “Hold”, Price Target of the shares are set at $14.Comtech Telecomm. Corp. was Initiated by Ladenburg Thalmann to “Buy” on Jul 22, 2016. Northland Capital Initiated Comtech Telecomm. Corp. on Jul 6, 2016 to “Outperform”, Price Target of the shares are set at $20.
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.