Comtech Telecommunications (CMTL) Expected to Announce Quarterly Earnings on Monday

Comtech Telecommunications (NASDAQ:CMTL) is expected to be posting 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 for the quarter. The firm had revenue of $122.12 million during the quarter. Comtech Telecommunications had a negative net margin of 4.60% and a positive return on equity of 8.35%. 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 Price Performance

CMTL opened at $5.53 on Monday. The firm has a 50-day moving average price of $3.47 and a 200-day moving average price of $2.80. Comtech Telecommunications has a twelve month low of $1.19 and a twelve month high of $5.78. The company has a quick ratio of 1.27, a current ratio of 1.70 and a debt-to-equity ratio of 2.53. The company has a market capitalization of $163.85 million, a price-to-earnings ratio of -2.39 and a beta of 1.06.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CMTL shares. Zacks Research upgraded Comtech Telecommunications to a “hold” rating in a research report on Wednesday, November 19th. Weiss Ratings reissued a “sell (d-)” rating on shares of Comtech Telecommunications in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $6.00.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Susquehanna International Group LLP grew its stake in Comtech Telecommunications by 112.8% in the 3rd quarter. Susquehanna International Group LLP now owns 44,786 shares of the communications equipment provider’s stock worth $116,000 after buying an additional 23,738 shares in the last quarter. Two Sigma Investments LP grew its position in Comtech Telecommunications by 71.4% in the third quarter. Two Sigma Investments LP now owns 256,607 shares of the communications equipment provider’s stock worth $662,000 after acquiring an additional 106,866 shares in the last quarter. UBS Group AG grew its position in Comtech Telecommunications by 1.8% in the third quarter. UBS Group AG now owns 236,937 shares of the communications equipment provider’s stock worth $611,000 after acquiring an additional 4,157 shares in the last quarter. MML Investors Services LLC increased 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. Finally, QVT Financial LP raised 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 purchasing an additional 278,581 shares in the last quarter.

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.