Comtech Telecomm. (CMTL) Set to Announce Quarterly Earnings on Wednesday
Comtech Telecomm. (NASDAQ:CMTL) is set to release its earnings data after the market closes on Wednesday, September 26th. Analysts expect Comtech Telecomm. to post earnings of $0.25 per share for the quarter.
Shares of CMTL stock traded up $0.05 on Monday, reaching $33.37. 23,770 shares of the stock were exchanged, compared to its average volume of 106,765. The company has a market cap of $787.75 million, a price-to-earnings ratio of 98.15, a PEG ratio of 8.81 and a beta of 1.49. The company has a quick ratio of 1.22, a current ratio of 1.72 and a debt-to-equity ratio of 0.33. Comtech Telecomm. has a 1-year low of $17.11 and a 1-year high of $36.80.
A number of research firms have recently commented on CMTL. TheStreet upgraded Comtech Telecomm. from a “c+” rating to a “b-” rating in a report on Wednesday, June 13th. BidaskClub downgraded Comtech Telecomm. from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 26th. LADENBURG THALM/SH SH restated a “buy” rating and set a $35.00 price objective on shares of Comtech Telecomm. in a report on Thursday, June 7th. BMO Capital Markets upped their price objective on Comtech Telecomm. from $35.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, June 8th. Finally, ValuEngine downgraded Comtech Telecomm. from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $33.83.
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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