Comtech Telecommunications Corp. (CMTL)

NASDAQ: CMTL · IEX Real-Time Price · USD
8.55
-0.02 (-0.23%)
Sep 27, 2023, 4:00 PM EDT - Market closed
-0.23%
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]

Sector Technology
Founded 1967
Employees 1,993
Stock Exchange NASDAQ
Ticker Symbol CMTL
Full Company Profile

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 Statements

Analyst Forecast

According to one analyst, the rating for CMTL stock is "Hold" and the 12-month stock price forecast is $11.0.

Price Target
$11.0
(28.66% upside)
Analyst Consensus: Hold
Stock Forecasts

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...

14 days ago - Business Wire

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...

16 days ago - Business Wire

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...

2 months ago - Business Wire

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...

3 months ago - Business Wire

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 ...

3 months ago - Business Wire

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...

4 months ago - Business Wire

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....

4 months ago - Business Wire

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...

5 months ago - Business Wire

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 ...

5 months ago - Business Wire

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...

5 months ago - Business Wire

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...

6 months ago - Business Wire

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...

6 months ago - Business Wire

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...

6 months ago - Business Wire

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)...

7 months ago - Business Wire

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.

7 months ago - Business Wire

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...

7 months ago - Business Wire

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 ...

7 months ago - Business Wire

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...

7 months ago - Business Wire

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...

7 months ago - Business Wire

Comtech Receives Additional Funding for U.S. Army Communications

Comtech Receives Additional Funding for U.S. Army Communications

8 months ago - Business Wire

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.

8 months ago - Business Wire

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...

8 months ago - Business Wire

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...

9 months ago - Business Wire

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...

9 months ago - Business Wire

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...

10 months ago - Business Wire