Comtech Telecomm. Corp. (CMTL) Insider John Branscum Sells 1,510 Shares

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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.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 16th. Stockholders of record on Wednesday, October 17th will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, October 16th. This represents a $0.40 annualized dividend and a dividend yield of 1.42%. Comtech Telecomm.’s dividend payout ratio is 53.33%.

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.

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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'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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Insider Buying and Selling by Quarter for Comtech Telecomm. (NASDAQ:CMTL)

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