Comtech Telecomm. Corp. (NASDAQ:CMTL) insider John Branscum sold 1,510 shares of the business’s stock in a transaction dated Monday, October 15th. The stock was sold at an average price of $31.94, for a total value of $48,229.40. Following the sale, the insider now owns 45,323 shares in the company, valued at approximately $1,447,616.62. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Comtech Telecomm. stock traded down $0.47 during trading hours on Friday, reaching $28.19. 88,558 shares of the company were exchanged, compared to its average volume of 156,236. The stock has a market capitalization of $684.84 million, a P/E ratio of 37.59, a PEG ratio of 5.96 and a beta of 1.58. The company has a quick ratio of 1.24, a current ratio of 1.69 and a debt-to-equity ratio of 0.29. Comtech Telecomm. Corp. has a 12 month low of $19.30 and a 12 month high of $36.94.
Comtech Telecomm. (NASDAQ:CMTL) last announced its earnings results on Wednesday, September 26th. The communications equipment provider reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.05. The firm had revenue of $167.40 million during the quarter, compared to analysts’ expectations of $174.72 million. Comtech Telecomm. had a return on equity of 3.67% and a net margin of 5.22%. The company’s revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.31 earnings per share. Sell-side analysts anticipate that Comtech Telecomm. Corp. will post 0.96 earnings per share for the current year.
Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. boosted its position in shares of Comtech Telecomm. by 2.5% in the third quarter. BlackRock Inc. now owns 3,525,834 shares of the communications equipment provider’s stock valued at $127,881,000 after acquiring an additional 87,030 shares during the period. Ceredex Value Advisors LLC bought a new stake in shares of Comtech Telecomm. in the third quarter valued at approximately $16,379,000. Northern Trust Corp boosted its position in shares of Comtech Telecomm. by 4.8% in the second quarter. Northern Trust Corp now owns 291,819 shares of the communications equipment provider’s stock valued at $9,304,000 after acquiring an additional 13,428 shares during the period. Principal Financial Group Inc. boosted its position in shares of Comtech Telecomm. by 2.7% in the first quarter. Principal Financial Group Inc. now owns 188,177 shares of the communications equipment provider’s stock valued at $5,625,000 after acquiring an additional 4,898 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Comtech Telecomm. by 7.8% in the first quarter. JPMorgan Chase & Co. now owns 187,957 shares of the communications equipment provider’s stock valued at $5,618,000 after acquiring an additional 13,554 shares during the period. 85.86% of the stock is owned by institutional investors.
Several analysts have issued reports on CMTL shares. BidaskClub upgraded Comtech Telecomm. from a “hold” rating to a “buy” rating in a report on Thursday, August 9th. Zacks Investment Research downgraded Comtech Telecomm. from a “strong-buy” rating to a “hold” rating in a report on Friday, August 10th. ValuEngine downgraded Comtech Telecomm. from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 4th. Finally, BMO Capital Markets upped their target price on Comtech Telecomm. from $37.00 to $40.00 and gave the company an “outperform” rating in a report on Friday, September 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $35.17.
Comtech Telecomm. Company Profile
Comtech Telecommunications Corp. designs, develops, produces, and markets products, systems, and services for communications solutions. The company's Commercial Solutions segment offers ground-based equipment, including single channel per carrier modems and solid-state amplifiers that facilitate the transmission of voice, video, and data over satellite links; and traveling wave tube amplifiers, such as high power narrow-band amplifiers used to amplify signals from satellite earth stations, as well as safety and security technologies.
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