Comtech Telecomm. Corp. (NASDAQ:CMTL) CEO Fred Kornberg sold 15,000 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of $20.65, for a total transaction of $309,750.00. Following the sale, the chief executive officer now directly owns 475,632 shares of the company’s stock, valued at approximately $9,821,800.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Comtech Telecomm. Corp. (NASDAQ CMTL) traded up $1.10 during mid-day trading on Friday, hitting $23.15. 942,365 shares of the stock traded hands, compared to its average volume of 247,702. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.77 and a quick ratio of 1.25. Comtech Telecomm. Corp. has a 52 week low of $10.51 and a 52 week high of $23.90. The company has a market capitalization of $519.37, a P/E ratio of 57.90, a price-to-earnings-growth ratio of 9.92 and a beta of 1.91.

Comtech Telecomm. (NASDAQ:CMTL) last issued its quarterly earnings data on Wednesday, December 6th. The communications equipment provider reported ($0.07) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.29) by $0.22. Comtech Telecomm. had a net margin of 3.11% and a return on equity of 1.87%. The company had revenue of $121.57 million during the quarter, compared to the consensus estimate of $106.94 million. During the same quarter in the prior year, the firm earned ($0.11) earnings per share. The firm’s revenue was down 10.5% compared to the same quarter last year. sell-side analysts predict that Comtech Telecomm. Corp. will post 0.44 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 16th. Investors of record on Wednesday, January 17th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.73%. The ex-dividend date is Tuesday, January 16th. Comtech Telecomm.’s payout ratio is 56.34%.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Huber Capital Management LLC boosted its holdings in Comtech Telecomm. by 22.1% during the second quarter. Huber Capital Management LLC now owns 2,574,504 shares of the communications equipment provider’s stock worth $48,838,000 after purchasing an additional 465,139 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Comtech Telecomm. by 3.6% during the third quarter. Dimensional Fund Advisors LP now owns 1,950,779 shares of the communications equipment provider’s stock worth $40,048,000 after purchasing an additional 66,958 shares during the last quarter. Royce & Associates LP boosted its holdings in Comtech Telecomm. by 10.5% during the second quarter. Royce & Associates LP now owns 1,555,504 shares of the communications equipment provider’s stock worth $29,508,000 after purchasing an additional 147,920 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Comtech Telecomm. by 6.7% during the second quarter. Vanguard Group Inc. now owns 1,320,060 shares of the communications equipment provider’s stock worth $25,042,000 after purchasing an additional 82,685 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Comtech Telecomm. by 0.9% during the third quarter. Bank of New York Mellon Corp now owns 725,706 shares of the communications equipment provider’s stock worth $14,898,000 after purchasing an additional 6,410 shares during the last quarter. Institutional investors and hedge funds own 86.02% of the company’s stock.

Several equities research analysts have recently issued reports on CMTL shares. Zacks Investment Research downgraded shares of Comtech Telecomm. from a “buy” rating to a “hold” rating in a research report on Friday, October 6th. Northland Securities reissued a “buy” rating on shares of Comtech Telecomm. in a research report on Friday, November 17th. BMO Capital Markets reissued a “buy” rating and set a $21.00 price objective on shares of Comtech Telecomm. in a research report on Thursday, September 28th. Finally, Noble Financial reissued a “buy” rating on shares of Comtech Telecomm. in a research report on Friday, September 29th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $21.30.

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About Comtech Telecomm.

Comtech Telecommunications Corp. designs, develops, produces and markets products, systems and services for communications solutions. The Company operates through two segments: Commercial Solutions and Government Solutions. It offers communications solutions, including command and control technologies, safety and security technologies and enterprise technologies.

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