Comtech Telecommunications Stock Price, News & Analysis (NASDAQ:CMTL)

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Comtech Telecommunications in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" CMTL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CMTL, but not buy additional shares or sell existing shares.
View CMTL analyst ratings or view top-rated stocks.

1 Wall Street analysts have issued 1-year price objectives for Comtech Telecommunications' shares. Their CMTL share price targets range from $11.00 to $11.00. On average, they predict the company's stock price to reach $11.00 in the next twelve months. This suggests that the stock has a possible downside of 9.3%.
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Comtech Telecommunications' stock was trading at $12.14 at the beginning of the year. Since then, CMTL stock has decreased by 0.1% and is now trading at $12.13.
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Comtech Telecommunications saw a decline in short interest in November. As of November 15th, there was short interest totaling 258,200 shares, a decline of 6.9% from the October 31st total of 277,300 shares. Based on an average trading volume of 190,600 shares, the days-to-cover ratio is presently 1.4 days.
View Comtech Telecommunications' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, December 14th 2023.
View our CMTL earnings forecast.

Comtech Telecommunications Corp. (NASDAQ:CMTL) released its quarterly earnings data on Thursday, October, 12th. The communications equipment provider reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.14. The communications equipment provider earned $148.81 million during the quarter, compared to analysts' expectations of $140.13 million. Comtech Telecommunications had a negative trailing twelve-month return on equity of 0.32% and a negative net margin of 4.89%.

Comtech Telecommunications declared a quarterly dividend on Thursday, December 8th. Shareholders of record on Wednesday, January 18th will be paid a dividend of $0.10 per share on Friday, February 17th. This represents a $0.40 annualized dividend and a dividend yield of 3.30%. The ex-dividend date is Tuesday, January 17th.
Read our dividend analysis for CMTL.

Comtech Telecommunications (NASDAQ:CMTL) pays an annual dividend of $0.10 per share and currently has a dividend yield of 0.82%.
Read our dividend analysis for CMTL.

ETFs with the largest weight of Comtech Telecommunications (NASDAQ:CMTL) stock in their portfolio include Procure Space ETF (UFO).SPDR S&P Telecom ETF (XTL).

Comtech Telecommunications updated its first quarter 2024 earnings guidance on Thursday, October, 12th. The company provided EPS guidance of for the period. The company issued revenue guidance of $150.30 million-$154.77 million, compared to the consensus revenue estimate of $140.13 million.

24 employees have rated Comtech Telecommunications Chief Executive Officer Fred V. Kornberg on Glassdoor.com. Fred V. Kornberg has an approval rating of 47% among the company's employees. This puts Fred V. Kornberg in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Comtech Telecommunications investors own include Advanced Micro Devices (AMD), NVIDIA (NVDA), Cisco Systems (CSCO), Gilat Satellite Networks (GILT), Intel (INTC), Marvell Technology (MRVL), Verizon Communications (VZ), Walt Disney (DIS), Block (SQ) and Gilead Sciences (GILD).

Comtech Telecommunications' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Paradigm Capital Management Inc. NY (3.37%), Kennedy Capital Management LLC (2.25%), Charles Schwab Investment Management Inc. (1.87%), Pacific Ridge Capital Partners LLC (1.77%), First Eagle Investment Management LLC (1.45%) and Bank of New York Mellon Corp (0.96%). Insiders that own company stock include Donald E Walther, Ken Allen Peterman, Lisa Lesavoy, Maria Hedden, Mark R Quinlan, Michael Bondi, Michael Porcelain, Wendi B Carpenter and Yacov A Shamash.
View institutional ownership trends.

Shares of CMTL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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