Comtech Telecommunications (NASDAQ:CMTL) Announces Quarterly Earnings Results

Comtech Telecommunications (NASDAQ:CMTL) posted its quarterly earnings data on Wednesday. The communications equipment provider reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.38) by ($0.01), Zacks reports. The business had revenue of $126.57 million during the quarter, compared to analysts’ expectations of $117.00 million. Comtech Telecommunications had a negative return on equity of 8.76% and a negative net margin of 48.97%.

Comtech Telecommunications Stock Down 11.3 %

Comtech Telecommunications stock opened at $1.89 on Friday. Comtech Telecommunications has a 52 week low of $1.53 and a 52 week high of $5.16. The business has a 50-day simple moving average of $2.44 and a 200 day simple moving average of $3.16. The stock has a market cap of $55.13 million, a price-to-earnings ratio of -0.19 and a beta of 1.55.

Analysts Set New Price Targets

Separately, StockNews.com upgraded 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.