Comtech Telecomm. (CMTL) Earning Somewhat Positive Media Coverage, Analysis Shows

News stories about Comtech Telecomm. (NASDAQ:CMTL) have been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Comtech Telecomm. earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave news articles about the communications equipment provider an impact score of 47.310337142705 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Several equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Comtech Telecomm. from a “hold” rating to a “strong-buy” rating and set a $24.00 price target for the company in a report on Tuesday, December 12th. Northland Securities set a $26.00 price target on shares of Comtech Telecomm. and gave the company a “buy” rating in a report on Sunday, December 10th. BMO Capital Markets boosted their price target on shares of Comtech Telecomm. to $26.00 and gave the company an “outperform” rating in a report on Friday, December 8th. Finally, Noble Financial restated a “buy” rating on shares of Comtech Telecomm. in a report on Friday, September 29th. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $21.30.

Comtech Telecomm. (CMTL) traded down $0.02 during midday trading on Thursday, hitting $22.25. 107,900 shares of the company traded hands, compared to its average volume of 244,301. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.25 and a current ratio of 1.77. The company has a market cap of $525.74, a price-to-earnings ratio of 31.34, a PEG ratio of 10.12 and a beta of 1.91. Comtech Telecomm. has a 1 year low of $10.51 and a 1 year high of $23.90.

Comtech Telecomm. (NASDAQ:CMTL) last posted its quarterly earnings data on Wednesday, December 6th. The communications equipment provider reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.29) by $0.22. The firm had revenue of $121.57 million during the quarter, compared to analyst estimates of $106.94 million. Comtech Telecomm. had a negative net margin of 1.37% and a negative return on equity of 1.39%. Comtech Telecomm.’s revenue was down 10.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.11) EPS. analysts anticipate that Comtech Telecomm. will post 0.44 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 16th. Investors of record on Wednesday, January 17th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, January 16th. This represents a $0.40 annualized dividend and a dividend yield of 1.80%. Comtech Telecomm.’s dividend payout ratio (DPR) is presently 56.34%.

In related news, CEO Fred Kornberg sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $20.65, for a total transaction of $309,750.00. Following the completion of the transaction, the chief executive officer now owns 475,632 shares in the company, valued at approximately $9,821,800.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael Porcelain sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $21.41, for a total transaction of $642,300.00. Following the transaction, the insider now owns 71,668 shares in the company, valued at approximately $1,534,411.88. The disclosure for this sale can be found here. Insiders own 7.00% of the company’s stock.

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Comtech Telecomm. Company Profile

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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