News stories about Comtech Telecommunications Corp. (NASDAQ:CMTL) have been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Comtech Telecommunications Corp. earned a news sentiment score of 0.08 on Accern’s scale. Accern also gave news coverage about the communications equipment provider an impact score of 46.1875988046649 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Comtech Telecommunications gets USD 1.9m contract for military communications amplifiers (financial-news.co.uk)
- Comtech Telecommunications Corp. : Receives $1.9 Million Contract for Military Communications Amplifiers (4-traders.com)
- Comtech Telecommunications Corp. (NASDAQ:CMTL) Upgraded to “Hold” at Zacks Investment Research (americanbankingnews.com)
- Comtech Telecommunications Corp. Receives $1.9 Million Contract for Military Communications Amplifiers (finance.yahoo.com)
- Comtech Telecom (CMTL) Secures $3.5M Order from Mobile Network Operator for Advanced Location Platform (streetinsider.com)
Shares of Comtech Telecommunications Corp. (NASDAQ:CMTL) traded up 0.16% on Friday, hitting $18.25. 117,331 shares of the stock traded hands. Comtech Telecommunications Corp. has a 52 week low of $9.52 and a 52 week high of $19.80. The stock has a 50 day moving average price of $18.63 and a 200-day moving average price of $15.04. The stock has a market cap of $430.15 million, a price-to-earnings ratio of 36.72 and a beta of 1.93.
Comtech Telecommunications Corp. (NASDAQ:CMTL) last issued its quarterly earnings results on Wednesday, June 7th. The communications equipment provider reported $0.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.07. The firm had revenue of $127.80 million for the quarter, compared to analyst estimates of $136.68 million. Comtech Telecommunications Corp. had a net margin of 2.02% and a return on equity of 0.81%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.89) EPS. On average, equities research analysts forecast that Comtech Telecommunications Corp. will post $0.65 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, August 18th. Stockholders of record on Monday, July 17th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date is Thursday, July 13th. Comtech Telecommunications Corp.’s payout ratio is 80.00%.
Several equities research analysts have issued reports on the stock. Noble Financial restated a “buy” rating on shares of Comtech Telecommunications Corp. in a research report on Friday, June 9th. Zacks Investment Research downgraded shares of Comtech Telecommunications Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. Northland Securities set a $22.00 price objective on shares of Comtech Telecommunications Corp. and gave the stock a “buy” rating in a research report on Monday, July 10th. Citigroup Inc. raised their price objective on shares of Comtech Telecommunications Corp. from $15.00 to $18.00 and gave the stock a “neutral” rating in a research report on Friday, June 9th. Finally, BidaskClub cut shares of Comtech Telecommunications Corp. from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. Comtech Telecommunications Corp. currently has an average rating of “Hold” and a consensus price target of $18.42.
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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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