Comtech Telecomm. (CMTL) Getting Somewhat Positive Press Coverage, Analysis Shows
News stories about Comtech Telecomm. (NASDAQ:CMTL) have been trending somewhat positive on Monday, Accern reports. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Comtech Telecomm. earned a coverage optimism score of 0.09 on Accern’s scale. Accern also gave news articles about the communications equipment provider an impact score of 46.4535893719608 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Comtech gets USD 32.5m order from US Army (financial-news.co.uk)
- Financial Review: Digital Ally (DGLY) vs. Comtech Telecomm. (CMTL) (americanbankingnews.com)
- Comtech EF Data’s and U.S. Navy’s Multi-Million Dollar Order for Next Generation Satellite Earth Station Equipment (satnews.com)
- Comtech Telecommunications Corp. Awarded $1.0 Million Order for Solid-State High-Power Amplifiers for Military Customers (finance.yahoo.com)
- Comtech Telecommunications Corp. Receives $1.9 Million Order from Major Mobile Network Operator in China (finance.yahoo.com)
Several research analysts have recently commented on CMTL shares. Zacks Investment Research lowered Comtech Telecomm. from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 11th. LADENBURG THALM/SH SH restated a “buy” rating and set a $35.00 price target on shares of Comtech Telecomm. in a research report on Thursday, June 7th. BidaskClub upgraded Comtech Telecomm. from a “hold” rating to a “buy” rating in a research report on Wednesday, June 6th. ValuEngine upgraded Comtech Telecomm. from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 2nd. Finally, BMO Capital Markets raised their price target on Comtech Telecomm. from $35.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, June 8th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Comtech Telecomm. presently has a consensus rating of “Buy” and an average price target of $33.83.
Comtech Telecomm. (NASDAQ:CMTL) last released its earnings results on Wednesday, June 6th. The communications equipment provider reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.22. The firm had revenue of $147.85 million during the quarter, compared to analyst estimates of $145.37 million. Comtech Telecomm. had a return on equity of 3.21% and a net margin of 5.38%. Comtech Telecomm.’s revenue was up 15.7% compared to the same quarter last year. During the same period last year, the business posted $0.19 earnings per share. equities analysts forecast that Comtech Telecomm. will post 0.59 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, August 17th. Investors of record on Monday, July 16th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, July 13th. This represents a $0.40 dividend on an annualized basis and a yield of 1.13%. Comtech Telecomm.’s dividend payout ratio (DPR) is presently 117.65%.
In related news, Director Edwin Kantor sold 1,557 shares of Comtech Telecomm. stock in a transaction on Tuesday, June 12th. The stock was sold at an average price of $31.91, for a total value of $49,683.87. Following the completion of the transaction, the director now directly owns 3,538 shares in the company, valued at $112,897.58. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 7.00% of the company’s stock.
About Comtech Telecomm.
Comtech Telecommunications Corp. designs, develops, produces, and markets products, systems, and services for communications solutions. The company's Commercial Solutions segment provides ground-based equipment, such as single channel per carrier modems and solid state amplifiers that facilitate the transmission of voice, video, and data, as well as offers traveling wave tube amplifiers comprising high power narrow-band amplifiers that are used to amplify signals from satellite earth stations; and safety and security technology solutions that enable 911 c.
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