Comtech Telecommunications (CMTL) Projected to Post Earnings on Monday

Comtech Telecommunications (NASDAQ:CMTL) 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) last issued its earnings results on Wednesday, June 21st. The communications equipment provider reported $0.25 earnings per share (EPS) for the quarter. Comtech Telecommunications had a positive return on equity of 8.35% and a negative net margin of 4.60%.The company 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 Stock Performance

CMTL opened at $5.53 on Monday. Comtech Telecommunications has a 1-year low of $1.19 and a 1-year high of $5.78. The company has a market cap of $163.85 million, a price-to-earnings ratio of -2.39 and a beta of 1.06. The company’s fifty day moving average price is $3.47 and its two-hundred day moving average price is $2.80. The company has a current ratio of 1.70, a quick ratio of 1.27 and a debt-to-equity ratio of 2.53.

Institutional Investors Weigh In On Comtech Telecommunications

A number of hedge funds have recently made changes to their positions in the business. QVT Financial LP grew its position in Comtech Telecommunications by 39.5% during the second quarter. QVT Financial LP now owns 984,354 shares of the communications equipment provider’s stock valued at $2,412,000 after buying an additional 278,581 shares during the period. MML Investors Services LLC boosted its stake in Comtech Telecommunications by 4.4% in the second quarter. MML Investors Services LLC now owns 283,344 shares of the communications equipment provider’s stock valued at $694,000 after acquiring an additional 11,988 shares during the last quarter. Marshall Wace LLP grew its position in shares of Comtech Telecommunications by 15.4% during the 2nd quarter. Marshall Wace LLP now owns 269,932 shares of the communications equipment provider’s stock valued at $661,000 after acquiring an additional 36,069 shares during the period. Two Sigma Investments LP increased its stake in shares of Comtech Telecommunications by 71.4% during the 3rd quarter. Two Sigma Investments LP now owns 256,607 shares of the communications equipment provider’s stock worth $662,000 after purchasing an additional 106,866 shares during the last quarter. Finally, UBS Group AG raised its holdings in shares of Comtech Telecommunications by 1.8% in the 3rd quarter. UBS Group AG now owns 236,937 shares of the communications equipment provider’s stock worth $611,000 after purchasing an additional 4,157 shares during the period.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CMTL shares. Zacks Research upgraded shares of Comtech Telecommunications to a “hold” rating in a report on Wednesday, November 19th. Weiss Ratings reissued 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 assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $6.00.

About Comtech Telecommunications

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.