Comtech Telecommunications (NASDAQ:CMTL) Releases Quarterly Earnings Results

Comtech Telecommunications (NASDAQ:CMTL - Get Free Report) issued its earnings results on Monday. The communications equipment provider reported ($1.27) earnings per share for the quarter, missing the consensus estimate of ($0.39) by ($0.88), Zacks reports. Comtech Telecommunications had a positive return on equity of 2.38% and a negative net margin of 18.50%.

Comtech Telecommunications Stock Performance

NASDAQ:CMTL traded down $1.79 during mid-day trading on Monday, reaching $2.34. 4,364,222 shares of the stock were exchanged, compared to its average volume of 1,270,684. The company has a 50 day simple moving average of $3.43 and a 200-day simple moving average of $3.46. The stock has a market capitalization of $68.15 million, a P/E ratio of -0.50 and a beta of 1.52. The company has a quick ratio of 1.33, a current ratio of 1.83 and a debt-to-equity ratio of 0.56. Comtech Telecommunications has a 1 year low of $1.53 and a 1 year high of $8.18.

Analyst Ratings Changes

CMTL has been the topic of several research analyst reports. B. Riley cut their target price on Comtech Telecommunications from $12.25 to $9.25 and set a "buy" rating on the stock in a research report on Monday, November 4th. StockNews.com raised Comtech Telecommunications to a "sell" rating in a research report on Thursday, January 2nd.

Comtech Telecommunications Company Profile

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.