Comtech Telecommunications (NASDAQ:CMTL) Posts Earnings Results, Beats Expectations By $0.12 EPS

Comtech Telecommunications (NASDAQ:CMTL) posted its quarterly earnings results on Monday. The communications equipment provider reported ($0.18) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.30) by $0.12, FiscalAI reports. Comtech Telecommunications had a positive return on equity of 8.35% and a negative net margin of 4.60%.The business had revenue of $106.76 million for the quarter, compared to analyst estimates of $113.85 million.

Comtech Telecommunications Price Performance

Shares of Comtech Telecommunications stock traded up $0.18 on Monday, hitting $4.85. The company had a trading volume of 321,963 shares, compared to its average volume of 312,485. Comtech Telecommunications has a 52 week low of $1.19 and a 52 week high of $6.21. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.70 and a quick ratio of 1.27. The company has a market cap of $143.71 million, a PE ratio of -2.10 and a beta of 1.06. The business has a 50-day simple moving average of $5.54 and a 200-day simple moving average of $3.94.

Institutional Trading of Comtech Telecommunications

Hedge funds and other institutional investors have recently modified their holdings of the company. Marshall Wace LLP boosted its stake in Comtech Telecommunications by 91.4% during the fourth quarter. Marshall Wace LLP now owns 735,775 shares of the communications equipment provider’s stock valued at $3,892,000 after buying an additional 351,318 shares in the last quarter. QVT Financial LP lifted its holdings in Comtech Telecommunications by 39.5% in the 2nd quarter. QVT Financial LP now owns 984,354 shares of the communications equipment provider’s stock valued at $2,412,000 after acquiring an additional 278,581 shares during the last quarter. Beartown Capital Management LLC acquired a new stake in Comtech Telecommunications in the 4th quarter valued at about $1,332,000. Squarepoint Ops LLC boosted its position in shares of Comtech Telecommunications by 351.0% during the 4th quarter. Squarepoint Ops LLC now owns 140,649 shares of the communications equipment provider’s stock valued at $744,000 after purchasing an additional 109,460 shares in the last quarter. Finally, Two Sigma Investments LP boosted its position in shares of Comtech Telecommunications by 71.4% during the 3rd quarter. Two Sigma Investments LP now owns 256,607 shares of the communications equipment provider’s stock valued at $662,000 after purchasing an additional 106,866 shares in the last quarter.

Analyst Ratings Changes

A number of research analysts have issued reports on CMTL shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Comtech Telecommunications in a research note on Wednesday, January 21st. Zacks Research raised Comtech Telecommunications to a “hold” rating in a report on Wednesday, November 19th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $6.00.

About Comtech Telecommunications

Comtech Telecommunications Corporation (NASDAQ:CMTL), founded in 1969 and headquartered in Melville, New York, is a leading global provider of advanced communications solutions. The company designs, develops, and deploys equipment, systems, and services that enable secure and reliable transmission of voice, video, and data. Over its history, Comtech has built a reputation for innovation across satellite communications, wireless data systems, and public safety networks, serving both commercial and government customers worldwide.

Comtech operates through two primary business segments: Commercial Solutions and Government Solutions.