Comtech Telecommunications Corp. (CMTL) Posts Quarterly Results
Comtech Telecommunications Corp. (NASDAQ:CMTL) issued its quarterly earnings data on Thursday. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.14, Analyst RN reports. The company had revenue of $88.90 million for the quarter, compared to the consensus estimate of $77.50 million.
Shares of Comtech Telecommunications Corp. (NASDAQ:CMTL) traded up 4.93% during mid-day trading on Thursday, hitting $32.99. 185,964 shares of the company’s stock traded hands. Comtech Telecommunications Corp. has a 1-year low of $23.84 and a 1-year high of $33.80. The stock has a 50-day moving average of $31.65 and a 200-day moving average of $31.59. The company has a market cap of $505.6 million and a P/E ratio of 29.94. Comtech Telecommunications Corp. also was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totalling 494,337 shares, a decline of 63.9% from the April 30th total of 1,370,399 shares. Currently, 3.4% of the company’s stock are short sold. Based on an average daily volume of 141,539 shares, the days-to-cover ratio is presently 3.5 days.
Comtech Telecommunications Corp. designs, develops, produces and markets products, systems and services for advanced communications solutions.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.