Comtech Telecommunications (NASDAQ:CMTL) Posts Earnings Results, Misses Estimates By $0.01 EPS

Comtech Telecommunications (NASDAQ:CMTL - Get Free Report) released its quarterly earnings results on Wednesday. The communications equipment provider reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.38) by ($0.01), Zacks reports. The firm had revenue of $126.57 million for the quarter, compared to analyst estimates of $117.00 million. Comtech Telecommunications had a negative net margin of 48.97% and a negative return on equity of 8.76%.

Comtech Telecommunications Price Performance

Shares of Comtech Telecommunications stock traded down $0.26 during trading hours on Thursday, hitting $1.87. The company had a trading volume of 636,057 shares, compared to its average volume of 997,235. The company's 50-day moving average is $2.44 and its two-hundred day moving average is $3.16. Comtech Telecommunications has a twelve month low of $1.53 and a twelve month high of $5.67. The company has a market cap of $54.55 million, a P/E ratio of -0.19 and a beta of 1.55.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Comtech Telecommunications to a "sell" rating in a research note on Thursday, January 2nd.

About Comtech Telecommunications

Comtech Telecommunications Corp., together with its subsidiaries, engages in the provision of next-gen telecommunication solutions in the United States and internationally. The company's Satellite and Space Communications segment offers satellite ground station technologies, services and system integration that facilitates the transmission of voice, video, and data over GEO, MEO and LEO satellite constellations, including solid-state and traveling wave tube power amplifiers, modems, VSAT platforms, and frequency converters; and satellite communications and tracking antenna systems, including high precision full motion fixed and mobile X/Y tracking antennas, RF feeds, reflectors, and radomes.