News headlines about Comtech Telecomm. (NASDAQ:CMTL) have trended somewhat positive on Friday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Comtech Telecomm. earned a news impact score of 0.11 on Accern’s scale. Accern also gave press coverage about the communications equipment provider an impact score of 47.5502771573187 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have impacted Accern’s analysis:
- Comtech Telecomm. Corp. (CMTL) Receives Consensus Rating of “Buy” from Brokerages (americanbankingnews.com)
- Comtech Telecommunications gets USD 1.0m for NFV-based location services (financial-news.co.uk)
- Comtech Telecommunications Corp. (CMTL) Ex-Dividend Date Scheduled (nasdaq.com)
- Comtech Telecommunications Corp. Receives $1.7 Million Contract for Transportable Troposcatter Systems from an International Prime Contractor (markets.financialcontent.com)
- Comtech Telecom (CMTL) Secures $3.2M Order for Solid-State, High-Power Integrated Microwave Assemblies (streetinsider.com)
Several equities analysts recently weighed in on CMTL shares. Zacks Investment Research upgraded shares of Comtech Telecomm. from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Wednesday, October 4th. Northland Securities reaffirmed a “buy” rating on shares of Comtech Telecomm. in a research note on Friday, November 17th. BMO Capital Markets reaffirmed a “buy” rating and set a $21.00 price target on shares of Comtech Telecomm. in a research note on Thursday, September 28th. Finally, Noble Financial reaffirmed a “buy” rating on shares of Comtech Telecomm. in a research note on Friday, September 29th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $21.30.
Comtech Telecomm. (NASDAQ:CMTL) last released its earnings results on Wednesday, December 6th. The communications equipment provider reported ($0.07) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.29) by $0.22. The company had revenue of $121.57 million during the quarter, compared to the consensus estimate of $106.94 million. Comtech Telecomm. had a net margin of 3.11% and a return on equity of 1.87%. The company’s revenue was down 10.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.11) EPS. sell-side analysts expect that Comtech Telecomm. will post 0.44 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 16th. Stockholders of record on Wednesday, January 17th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend is Tuesday, January 16th. Comtech Telecomm.’s payout ratio is currently 56.34%.
In other news, insider Michael Porcelain sold 30,000 shares of Comtech Telecomm. stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $21.41, for a total value of $642,300.00. Following the completion of the transaction, the insider now directly owns 71,668 shares of the company’s stock, valued at approximately $1,534,411.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Fred Kornberg sold 15,000 shares of Comtech Telecomm. stock in a transaction dated 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 directly owns 475,632 shares of the company’s stock, valued at $9,821,800.80. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by insiders.
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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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