Comtech Telecomm. Corp. (NASDAQ:CMTL) insider Michael Porcelain sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $21.41, for a total value of $642,300.00. Following the transaction, the insider now owns 71,668 shares of the company’s stock, valued at approximately $1,534,411.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Comtech Telecomm. Corp. (CMTL) traded up $1.10 on Friday, reaching $23.15. The company had a trading volume of 942,365 shares, compared to its average volume of 247,702. The stock has a market capitalization of $519.37, a price-to-earnings ratio of 57.90, a P/E/G ratio of 9.92 and a beta of 1.91. Comtech Telecomm. Corp. has a 12 month low of $10.51 and a 12 month high of $23.90. The company has a current ratio of 1.77, a quick ratio of 1.25 and a debt-to-equity ratio of 0.37.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 16th. Shareholders of record on Wednesday, January 17th will be paid a $0.10 dividend. 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 currently 56.34%.

A number of research analysts have recently weighed in on the company. BMO Capital Markets raised their price objective on Comtech Telecomm. to $26.00 and gave the company an “outperform” rating in a research report on Friday, December 8th. Zacks Investment Research upgraded Comtech Telecomm. from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective for the company in a research report on Tuesday. Northland Securities set a $26.00 price objective on Comtech Telecomm. and gave the company a “buy” rating in a research report on Sunday, December 10th. Finally, Noble Financial reiterated 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 given a buy rating and one has issued a strong buy rating to the company’s stock. Comtech Telecomm. presently has a consensus rating of “Buy” and an average price target of $21.30.

A number of hedge funds and other institutional investors have recently made changes to their positions in CMTL. Huber Capital Management LLC lifted its stake in Comtech Telecomm. by 22.1% in 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. Uniplan Investment Counsel Inc. lifted its stake in Comtech Telecomm. by 149.3% in the second quarter. Uniplan Investment Counsel Inc. now owns 566,738 shares of the communications equipment provider’s stock worth $10,751,000 after purchasing an additional 339,399 shares during the last quarter. Paradigm Capital Management Inc. NY lifted its stake in Comtech Telecomm. by 127.7% in the second quarter. Paradigm Capital Management Inc. NY now owns 530,000 shares of the communications equipment provider’s stock worth $10,054,000 after purchasing an additional 297,200 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Comtech Telecomm. by 11.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,883,821 shares of the communications equipment provider’s stock worth $35,736,000 after purchasing an additional 192,707 shares during the last quarter. Finally, Royce & Associates LP lifted its stake in Comtech Telecomm. by 10.5% in 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. 86.02% of the stock is owned by institutional investors and hedge funds.

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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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