Somewhat Positive News Coverage Somewhat Unlikely to Impact Comtech Telecommunications Corp. (CMTL) Share Price
News headlines about Comtech Telecommunications Corp. (NASDAQ:CMTL) have been trending somewhat positive on Wednesday, according to Accern Sentiment. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Comtech Telecommunications Corp. earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave news stories about the communications equipment provider an impact score of 45.8603341377975 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news stories that may have impacted Accern’s analysis:
- Comtech Telecomm. Corp. : Corporate News Blog – Comtech Telecommunications Clinches $1.8 Million Order for 9-1-1 Mobile Positioning Services in Canada (4-traders.com)
- Comtech Telecommunications gets USD 1.8m order for 9-1-1 mobile positioning services (financial-news.co.uk)
- Comtech Telecom (CMTL) Secures $1.8M Order for International 9-1-1 Mobile Positioning Services (streetinsider.com)
- Comtech Telecommunications gets contract renewal of approximately USD 8.4m (financial-news.co.uk)
CMTL has been the subject of several analyst reports. Zacks Investment Research cut Comtech Telecommunications Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. BidaskClub lowered Comtech Telecommunications Corp. from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 16th. BMO Capital Markets reaffirmed a “buy” rating and set a $21.00 price target on shares of Comtech Telecommunications Corp. in a research report on Thursday, September 28th. Finally, Northland Securities set a $22.00 price target on Comtech Telecommunications Corp. and gave the company a “buy” rating in a research report on Monday, July 10th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Comtech Telecommunications Corp. presently has a consensus rating of “Hold” and a consensus price target of $19.10.
Comtech Telecommunications Corp. (CMTL) traded up 0.37% on Wednesday, reaching $21.62. The company’s stock had a trading volume of 300,201 shares. Comtech Telecommunications Corp. has a one year low of $9.52 and a one year high of $22.90. The firm has a 50-day moving average of $20.43 and a 200-day moving average of $17.57. The company has a market capitalization of $509.91 million, a PE ratio of 32.27 and a beta of 1.93.
Comtech Telecommunications Corp. (NASDAQ:CMTL) last announced its earnings results on Wednesday, September 27th. The communications equipment provider reported $0.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.02. Comtech Telecommunications Corp. had a return on equity of 1.70% and a net margin of 2.88%. The business had revenue of $147.80 million during the quarter, compared to analyst estimates of $150.57 million. During the same quarter in the previous year, the business earned $0.14 earnings per share. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. Analysts predict that Comtech Telecommunications Corp. will post $0.41 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 17th. Shareholders of record on Wednesday, October 18th will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, October 17th. This represents a $0.40 annualized dividend and a dividend yield of 1.85%. Comtech Telecommunications Corp.’s dividend payout ratio (DPR) is presently 59.70%.
About Comtech Telecommunications Corp.
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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