Comtech Telecommunications Corp. (CMTL)
Market Cap | 238.41M |
Revenue (ttm) | 528.16M |
Net Income (ttm) | -35.42M |
Shares Out | 27.88M |
EPS (ttm) | -1.28 |
PE Ratio | n/a |
Forward PE | 13.91 |
Dividend | $0.20 (2.34%) |
Ex-Dividend Date | Jan 17, 2023 |
Volume | 132,023 |
Open | 8.60 |
Previous Close | 8.57 |
Day's Range | 8.39 - 8.61 |
52-Week Range | 8.31 - 16.87 |
Beta | 1.65 |
Analysts | Hold |
Price Target | 11.00 (+28.66%) |
Earnings Date | Oct 10, 2023 |
About CMTL
Comtech Telecommunications Corp., together with its subsidiaries, designs, develops, produces, and markets products, systems, and services for communications solutions in the United States and internationally. It operates in two segments, Commercial Solutions and Government Solutions. The Commercial Solutions segment offers satellite ground station technologies, including single channel per carrier and time division multiple access modems, amplifiers, frequency converters, and network software to modulate, demodulate, and amplify signals, as we... [Read more]
Financial Performance
In 2022, CMTL's revenue was $486.24 million, a decrease of -16.41% compared to the previous year's $581.70 million. Losses were -$43.27 million, -41.12% less than in 2021.
Financial StatementsAnalyst Forecast
According to one analyst, the rating for CMTL stock is "Hold" and the 12-month stock price forecast is $11.0.
News

Comtech Launches Network Agnostic Dynamic Cloud Platform for Satellite Providers
MELVILLE, N.Y.--(BUSINESS WIRE)---- $CMTL #5G--September 14, 2023 -- Comtech (NASDAQ: CMTL) announced today its Dynamic Cloud Platform (DCP) is now available for commercial and government satellite se...

Comtech Unveils New BRIDGE Solutions to Increase Access to Global Hybrid Connectivity
MELVILLE, N.Y.--(BUSINESS WIRE)---- $CMTL #5G--Sept. 12, 2023-- Comtech (NASDAQ: CMTL) today launched its new blended, resilient, integrated, digital, global, end-to-end (BRIDGE) connectivity solution...

Comtech Awarded $30 Million Troposcatter Contract to Support US Army Communications
MELVILLE, N.Y.--(BUSINESS WIRE)---- $CMTL #5G--July 13, 2023-- Comtech (NASDAQ: CMTL) announced today that the company was recently awarded a $30 million contract from Fairwinds Technologies, LLC to p...

Comtech, E-Space Team Up to Make Space-Powered Connectivity Services Available and Actionable Anywhere
MELVILLE, N.Y. & LOS GATOS, Calif.--(BUSINESS WIRE)---- $CMTL #5G--June 14, 2023-- Comtech (NASDAQ: CMTL) and E-Space, the company bridging Earth and space to enable hyper-scaled deployments of Intern...

Comtech Announces Results for its Third Quarter of Fiscal 2023 and Updates Fourth Quarter Fiscal 2023 Financial Targets
MELVILLE, N.Y.--(BUSINESS WIRE)--June 8, 2023--Comtech (NASDAQ: CMTL) today announced its third quarter fiscal 2023 financial results and updated its fourth quarter fiscal 2023 financial targets in a ...

The Honorable Ellen M. Lord and Lieutenant General (Ret) Bruce T.
MELVILLE, N.Y.--(BUSINESS WIRE)---- $CMTL #5G--June 7, 2023-- Comtech (NASDAQ: CMTL) today announced the appointment of former Under Secretary of Defense for Acquisition and Sustainment the Hon. Ellen...

Comtech to Report Third Quarter Fiscal 2023 Results on June 8, 2023
MELVILLE, N.Y.--(BUSINESS WIRE)--May 31, 2023-- Comtech (NASDAQ: CMTL) today announced that it plans to release its third quarter fiscal 2023 results after the market closes on Thursday, June 8, 2023....

Comtech Welcomes Aarna Networks as New EVOKE Technology Partner
MELVILLE, N.Y.--(BUSINESS WIRE)--May 4, 2023-- Comtech (NASDAQ: CMTL) announced today that Aarna Networks, a leading provider of network automation and orchestration solutions, will become the Company...

Space Industry Veteran Nicole Robinson Joins Comtech's Executive Leadership Team
MELVILLE, N.Y.--(BUSINESS WIRE)--April 18, 2023-- (NASDAQ: CMTL) Comtech today announced the appointment of space industry veteran Nicole Robinson as a Chief Strategy Officer. With nearly two decades ...

Comtech Secures Strategic Contracts for Hybrid Designed High-Speed SATCOM Solution
MELVILLE, N.Y.--(BUSINESS WIRE)--April 17, 2023-- Comtech announced today that the company recently secured multiple orders for significant quantities of its CDM-780 high-speed software defined modems...

Comtech Names Industry Veteran Donald Walther as Chief Legal Officer
MELVILLE, N.Y.--(BUSINESS WIRE)--April 12, 2023-- Comtech (NASDAQ: CMTL) today announced the appointment of technology and aerospace industry veteran Donald Walther as the company's new Chief Legal Of...

Comtech Welcomes Descartes Labs as New EVOKE Technology Partner
MELVILLE, N.Y.--(BUSINESS WIRE)--Apr. 5, 2023-- Comtech (NASDAQ: CMTL) announced today that Descartes Labs will become the Company's third publicly revealed EVOKE technology partner. As the third publ...

Comtech Awarded $29 Million for Blended Communications Technologies and Location Services
MELVILLE, N.Y.--(BUSINESS WIRE)--Mar. 16, 2023-- Comtech (NASDAQ: CMTL) announced today that Al Yah Satellite Communications Company PJSC (Yahsat), the United Arab Emirates' flagship satellite solutio...

Comtech Successfully Tests and Validates 5G Connection Over Satellite
MELVILLE, N.Y.--(BUSINESS WIRE)--March 15, 2023-- Comtech announced today, in collaboration with three global technology leaders: Cloud Signals, Hellas Sat, and a leading Mobile Network Operator (MNO)...

Comtech Welcomes WishKnish as New EVOKE Technology Partner
MELVILLE, N.Y.--(BUSINESS WIRE)--Mar. 14, 2023-- Comtech (NASDAQ: CMTL) announced today that WishKnish will become the Company's second publicly revealed EVOKE technology partner.

Comtech Secures Multi-Million Dollar Contracts for its ELEVATE Platform to Deliver Enhanced Connectivity in Global Markets
MELVILLE, N.Y.--(BUSINESS WIRE)--March 13, 2023--Comtech (NASDAQ: CMTL) recently secured multiple multi-million-dollar contracts for its ELEVATE platform to provide commercial and government customers...

Comtech Announces Results for its Second Quarter of Fiscal 2023 and Updates Third Quarter Fiscal 2023 Financial Targets
MELVILLE, N.Y.--(BUSINESS WIRE)--March 9, 2023-- Comtech (NASDAQ: CMTL) today announced its second quarter fiscal 2023 financial results and updated its third quarter fiscal 2023 financial targets in ...

Comtech to Report Second Quarter Fiscal 2023 Results on March 9, 2023
MELVILLE, N.Y.--(BUSINESS WIRE)--March 1, 2023-- Comtech (NASDAQ: CMTL) today announced that it plans to release its second quarter fiscal 2023 results after the market closes on Thursday, March 9, 20...

Comtech Joins Microsoft Azure Operator Nexus Ready Program to Deliver Interoperable Cloud Services
MELVILLE, N.Y.--(BUSINESS WIRE)--Feb. 27, 2023-- Comtech (NASDAQ: CMTL) announced today that the company will join Microsoft's Azure Operator Nexus Ready Program to offer customers interoperable cloud...

Comtech Receives Additional Funding for U.S. Army Communications
Comtech Receives Additional Funding for U.S. Army Communications

Comtech Welcomes Sirqul as New EVOKE Technology Partner
MELVILLE, N.Y.--(BUSINESS WIRE)--Feb. 1, 2023-- Comtech (NASDAQ: CMTL) announced today that Sirqul will become the Company's first publicly announced EVOKE technology partner.

Comtech to Ring the NASDAQ Stock Market Closing Bell on Jan. 23, 2023
MELVILLE, N.Y.--(BUSINESS WIRE)--Jan. 23, 2023-- Comtech (NASDAQ: CMTL) today announced that the Company will ring the NASDAQ Stock Market closing bell on Monday, Jan. 23, 2023. The Company is celeb...

Comtech Unveils New Corporate Logo and Brand Identity
MELVILLE, N.Y.--(BUSINESS WIRE)--January 18, 2023--Comtech (NASDAQ: CMTL) is releasing a new logo and brand identity today that align with the company's customer-centric focus and commitment to acce...

Comtech and NENA Partner to Honor 9-1-1 Professionals at SERVPRO First Responder Bowl
MELVILLE, N.Y.--(BUSINESS WIRE)--December 22, 2022-- Comtech (NASDAQ: CMTL) announced today that, in partnership with the National Emergency Number Association (NENA: The 9-1-1 Association), it will...

Comtech Awarded 5G Location Services Contract with Tier-1 MNO in Canada
MELVILLE, N.Y.--(BUSINESS WIRE)--December 19, 2022-- Comtech (NASDAQ: CMTL) announced today that the company was recently awarded a contract to install a 5G virtual Mobile Location Center (vMLC) pro...