Comtech Telecommunications (NASDAQ:CMTL) Issues Earnings Results

Comtech Telecommunications (NASDAQ:CMTL) released its quarterly earnings data on Monday. The communications equipment provider reported ($1.27) EPS for the quarter, missing the consensus estimate of ($0.39) by ($0.88), Zacks reports. Comtech Telecommunications had a negative net margin of 18.50% and a positive return on equity of 2.38%.

Comtech Telecommunications Stock Up 6.2 %

Comtech Telecommunications stock opened at $4.13 on Monday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.83. The stock has a market cap of $120.29 million, a PE ratio of -0.88 and a beta of 1.52. Comtech Telecommunications has a fifty-two week low of $1.53 and a fifty-two week high of $8.18. The firm’s 50-day simple moving average is $3.43 and its 200 day simple moving average is $3.46.

Wall Street Analysts Forecast Growth

CMTL has been the topic of a number of recent research reports. B. Riley dropped their price objective on shares of Comtech Telecommunications from $12.25 to $9.25 and set a “buy” rating on the stock in a research note on Monday, November 4th. StockNews.com raised Comtech Telecommunications to a “sell” rating in a research note on Thursday, January 2nd.

Comtech Telecommunications Company Profile

Comtech Telecommunications Corp., together with its subsidiaries, engages in the provision of next-gen telecommunication solutions in the United States and internationally. The company’s Satellite and Space Communications segment offers satellite ground station technologies, services and system integration that facilitates the transmission of voice, video, and data over GEO, MEO and LEO satellite constellations, including solid-state and traveling wave tube power amplifiers, modems, VSAT platforms, and frequency converters; and satellite communications and tracking antenna systems, including high precision full motion fixed and mobile X/Y tracking antennas, RF feeds, reflectors, and radomes.