Comtech Telecommunications (CMTL) Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Comtech Telecommunications in the last year. There are currently 2 hold ratings and 1 buy 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.

3 Wall Street analysts have issued 12-month price targets for Comtech Telecommunications' shares. Their CMTL share price forecasts range from $10.00 to $14.50. On average, they expect the company's stock price to reach $12.17 in the next twelve months. This suggests a possible upside of 1.9% from the stock's current price.
View analysts price targets for CMTL or view top-rated stocks among Wall Street analysts.

Comtech Telecommunications' stock was trading at $12.14 at the start of the year. Since then, CMTL shares have decreased by 1.6% and is now trading at $11.94.
View the best growth stocks for 2023 here.

Comtech Telecommunications saw a increase in short interest in May. As of May 15th, there was short interest totaling 381,100 shares, an increase of 9.9% from the April 30th total of 346,900 shares. Based on an average daily volume of 118,400 shares, the days-to-cover ratio is currently 3.2 days. Approximately 1.5% of the company's stock are short sold.
View Comtech Telecommunications' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, June 8th 2023.
View our CMTL earnings forecast.

Comtech Telecommunications Corp. (NASDAQ:CMTL) released its quarterly earnings data on Thursday, March, 9th. The communications equipment provider reported ($0.23) earnings per share for the quarter. The communications equipment provider had revenue of $133.73 million for the quarter, compared to analysts' expectations of $132.95 million. Comtech Telecommunications had a negative net margin of 4.10% and a positive trailing twelve-month return on equity of 1.13%.

Comtech Telecommunications declared a quarterly dividend on Thursday, December 8th. Shareholders of record on Wednesday, January 18th will be given a dividend of $0.10 per share on Friday, February 17th. This represents a $0.40 annualized dividend and a dividend yield of 3.35%. The ex-dividend date is Tuesday, January 17th.
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), Invesco S&P SmallCap 600 Pure Value ETF (RZV), Defiance Next Gen Connectivity ETF (FIVG), Invesco Nasdaq Future Gen 200 ETF (QQQS), SPDR S&P Telecom ETF (XTL), Invesco S&P SmallCap Information Technology ETF (PSCT), Syntax Stratified SmallCap ETF (SSLY).Invesco Aerospace & Defense ETF (PPA).

Comtech Telecommunications (NASDAQ:CMTL) pays an annual dividend of $0.40 per share and currently has a dividend yield of 3.35%.
Read our dividend analysis for CMTL.

Comtech Telecommunications updated its third quarter 2023 earnings guidance on Thursday, March, 9th. The company provided EPS guidance of for the period. The company issued revenue guidance of $135.06 million-$137.74 million, compared to the consensus revenue estimate of $132.72 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 trades on the NASDAQ under the ticker symbol "CMTL."

Comtech Telecommunications' stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (15.67%), Dimensional Fund Advisors LP (5.94%), State Street Corp (3.67%), Royce & Associates LP (3.59%), JPMorgan Chase & Co. (3.19%) and Geode Capital Management LLC (1.88%). Insiders that own company stock include Ken Allen Peterman, Lisa Lesavoy, Maria Hedden, 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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One share of CMTL stock can currently be purchased for approximately $11.94.

Comtech Telecommunications (NASDAQ:CMTL) has a market capitalization of $332.65 million and generates $486.24 million in revenue each year. The communications equipment provider earns $-33,050,000.00 in net income (profit) each year or ($1.01) on an earnings per share basis.

The company employs 1,993 workers across the globe.

Comtech Telecommunications' mailing address is 68 South Service Road Suite 230, Melville NY, 11747. The official website for the company is www.comtechtel.com. The communications equipment provider can be reached via phone at (631) 962-7000 or via fax at 631-962-7001.