Comtech Telecomm. Corp. (NASDAQ:CMTL) insider Richard L. Burt sold 82,700 shares of the business’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $30.46, for a total transaction of $2,519,042.00. Following the transaction, the insider now owns 178,315 shares of the company’s stock, valued at approximately $5,431,474.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Comtech Telecomm. Corp. (NASDAQ CMTL) traded down $0.58 during midday trading on Wednesday, hitting $29.88. 298,225 shares of the company traded hands, compared to its average volume of 184,833. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.29 and a current ratio of 1.82. The company has a market cap of $726.08, a price-to-earnings ratio of 27.58, a PEG ratio of 11.28 and a beta of 1.72. Comtech Telecomm. Corp. has a 1 year low of $13.11 and a 1 year high of $31.40.
Comtech Telecomm. (NASDAQ:CMTL) last posted its quarterly earnings data on Wednesday, March 7th. The communications equipment provider reported $0.07 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.15. Comtech Telecomm. had a net margin of 4.87% and a return on equity of 2.20%. The firm had revenue of $133.70 million during the quarter, compared to analyst estimates of $124.65 million. During the same quarter in the previous year, the business posted $0.01 EPS. Comtech Telecomm.’s revenue was down 3.8% on a year-over-year basis. analysts anticipate that Comtech Telecomm. Corp. will post 0.55 EPS for the current year.
A number of institutional investors have recently modified their holdings of CMTL. Renaissance Technologies LLC increased its stake in Comtech Telecomm. by 225.1% during the 4th quarter. Renaissance Technologies LLC now owns 253,250 shares of the communications equipment provider’s stock valued at $5,602,000 after purchasing an additional 175,350 shares in the last quarter. Bogle Investment Management L P DE acquired a new position in Comtech Telecomm. during the 4th quarter valued at approximately $2,793,000. Goldman Sachs Group Inc. increased its stake in Comtech Telecomm. by 62.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 279,610 shares of the communications equipment provider’s stock valued at $6,185,000 after purchasing an additional 107,108 shares in the last quarter. BlackRock Inc. increased its stake in Comtech Telecomm. by 3.0% during the 4th quarter. BlackRock Inc. now owns 3,141,364 shares of the communications equipment provider’s stock valued at $69,487,000 after purchasing an additional 92,886 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in Comtech Telecomm. during the 4th quarter valued at approximately $1,819,000. Institutional investors and hedge funds own 87.86% of the company’s stock.
Several research firms recently commented on CMTL. BidaskClub upgraded shares of Comtech Telecomm. from a “hold” rating to a “buy” rating in a research note on Tuesday. Noble Financial reiterated an “average” rating on shares of Comtech Telecomm. in a research note on Friday, March 9th. Zacks Investment Research upgraded shares of Comtech Telecomm. from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Tuesday. BMO Capital Markets reiterated a “buy” rating on shares of Comtech Telecomm. in a research note on Thursday, March 8th. Finally, Northland Securities set a $26.00 price objective on shares of Comtech Telecomm. and gave the stock a “buy” rating in a research note on Sunday, December 10th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Comtech Telecomm. has an average rating of “Buy” and an average target price of $25.10.
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About Comtech Telecomm.
Comtech Telecommunications Corp. designs, develops, produces and markets products, systems and services for communications solutions. The Company operates through two segments: Commercial Solutions and Government Solutions. It offers communications solutions, including command and control technologies, safety and security technologies and enterprise technologies.
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