Comtech Telecommunications (NASDAQ:CMTL – Get Free Report) issued its quarterly earnings results on Monday. The communications equipment provider reported ($0.26) earnings per share for the quarter, topping the consensus estimate of ($0.27) by $0.01, Zacks reports. Comtech Telecommunications had a net margin of 2.60% and a return on equity of 50.25%.
Comtech Telecommunications Stock Performance
NASDAQ CMTL opened at $4.83 on Monday. The company has a market cap of $143.60 million, a PE ratio of -2.17 and a beta of 1.40. The company has a current ratio of 1.69, a quick ratio of 1.23 and a debt-to-equity ratio of 3.22. Comtech Telecommunications has a 12 month low of $1.80 and a 12 month high of $6.21. The stock has a 50 day moving average of $4.20 and a 200-day moving average of $4.53.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised shares of Comtech Telecommunications from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce”.
Institutional Investors Weigh In On Comtech Telecommunications
Large investors have recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd acquired a new stake in Comtech Telecommunications during the 1st quarter valued at $59,000. Goldman Sachs Group Inc. lifted its holdings in Comtech Telecommunications by 86.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 44,593 shares of the communications equipment provider’s stock valued at $71,000 after purchasing an additional 20,726 shares during the last quarter. Cetera Investment Advisers lifted its holdings in Comtech Telecommunications by 25.9% during the 2nd quarter. Cetera Investment Advisers now owns 25,250 shares of the communications equipment provider’s stock valued at $62,000 after purchasing an additional 5,192 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Comtech Telecommunications by 87.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 117,965 shares of the communications equipment provider’s stock valued at $289,000 after purchasing an additional 54,879 shares during the last quarter. Finally, Marshall Wace LLP lifted its holdings in Comtech Telecommunications by 15.4% during the 2nd quarter. Marshall Wace LLP now owns 269,932 shares of the communications equipment provider’s stock valued at $661,000 after purchasing an additional 36,069 shares during the last quarter.
About Comtech Telecommunications
Comtech Telecommunications Corporation (NASDAQ:CMTL), founded in 1969 and headquartered in Melville, New York, is a leading global provider of advanced communications solutions. The company designs, develops, and deploys equipment, systems, and services that enable secure and reliable transmission of voice, video, and data. Over its history, Comtech has built a reputation for innovation across satellite communications, wireless data systems, and public safety networks, serving both commercial and government customers worldwide.
Comtech operates through two primary business segments: Commercial Solutions and Government Solutions.
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