Comtech Telecommunications (NASDAQ:CMTL) Releases Earnings Results, Beats Estimates By $0.47 EPS

Comtech Telecommunications (NASDAQ:CMTL) issued its quarterly earnings data on Wednesday. The communications equipment provider reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.51) by $0.47, Zacks reports. The firm had revenue of ($74.18) million during the quarter, compared to the consensus estimate of $111.65 million. Comtech Telecommunications had a positive return on equity of 9.77% and a negative net margin of 5.52%.

Comtech Telecommunications Trading Down 1.5%

Comtech Telecommunications stock traded down $0.02 during mid-day trading on Wednesday, hitting $1.28. 821,166 shares of the company’s stock were exchanged, compared to its average volume of 402,398. The company’s 50 day simple moving average is $1.54 and its 200-day simple moving average is $2.65. The company has a quick ratio of 1.19, a current ratio of 1.61 and a debt-to-equity ratio of 4.02. The firm has a market capitalization of $38.35 million, a P/E ratio of -0.58 and a beta of 1.59. Comtech Telecommunications has a fifty-two week low of $1.15 and a fifty-two week high of $6.21.

Analysts Set New Price Targets

CMTL has been the subject of a number of research analyst reports. Weiss Ratings raised Comtech Telecommunications from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, October 6th. Wall Street Zen cut shares of Comtech Telecommunications from a “hold” rating to a “sell” rating in a research report on Monday, July 20th. Finally, Northcoast Research initiated coverage on shares of Comtech Telecommunications in a research note on Thursday, July 23rd. They issued a “buy” rating and a $2.50 target price for the company. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $2.50.

Comtech Telecommunications Company Profile

Comtech Telecommunications Corp. (NASDAQ: CMTL) is a technology company that develops and supplies communications infrastructure and network solutions for government, defense, public safety, telecommunications, and enterprise customers. Its offerings are designed to support connectivity in locations where reliable, secure, or resilient communications are required.

The company’s products and services have included satellite modems and terminals, satellite ground systems, troposcatter and other wireless communications equipment, network management software, and location-based technologies.