Comtech Telecommunications (NASDAQ:CMTL) Posts Quarterly Earnings Results

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

Comtech Telecommunications Price Performance

Shares of NASDAQ CMTL traded down $0.02 during mid-day trading on Wednesday, hitting $1.28. 804,342 shares of the company’s stock traded hands, compared to its average volume of 402,398. The company has a debt-to-equity ratio of 4.02, a current ratio of 1.61 and a quick ratio of 1.19. Comtech Telecommunications has a 1 year low of $1.15 and a 1 year high of $6.21. The company’s 50-day moving average is $1.54 and its two-hundred day moving average is $2.65. The company has a market capitalization of $38.35 million, a P/E ratio of -0.58 and a beta of 1.59.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Wall Street Zen downgraded Comtech Telecommunications from a “hold” rating to a “sell” rating in a research report on Monday, July 20th. Northcoast Research started coverage on Comtech Telecommunications in a report on Thursday, July 23rd. They set a “buy” rating and a $2.50 price target for the company. Finally, Weiss Ratings upgraded Comtech Telecommunications from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, October 6th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target 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.