Comtech Telecommunications - CMTL Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Comtech Telecommunications in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research 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 1 year price targets for Comtech Telecommunications' shares. Their CMTL share price forecasts range from $10.00 to $14.00. On average, they anticipate the company's stock price to reach $12.00 in the next year. This suggests a possible upside of 22.3% 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 $23.69 at the beginning of the year. Since then, CMTL shares have decreased by 58.6% and is now trading at $9.81.
View the best growth stocks for 2022 here.

The company is scheduled to release its next quarterly earnings announcement on Thursday, September 29th 2022.
View our CMTL earnings forecast.

Comtech Telecommunications will be holding an earnings conference call on Thursday, September 29th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 402-220-0661.

Comtech Telecommunications Corp. (NASDAQ:CMTL) announced its quarterly earnings data on Thursday, December, 9th. The communications equipment provider reported ($0.15) earnings per share for the quarter, beating analysts' consensus estimates of ($0.22) by $0.07. The communications equipment provider had revenue of $116.76 million for the quarter, compared to the consensus estimate of $115.80 million. Comtech Telecommunications had a negative net margin of 4.06% and a positive trailing twelve-month return on equity of 1.03%. The business's quarterly revenue was down 13.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.15 earnings per share.

Comtech Telecommunications announced a quarterly dividend on Thursday, June 9th. Investors of record on Wednesday, July 20th will be paid a dividend of $0.10 per share on Friday, August 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date is Tuesday, July 19th.
Read our dividend analysis for CMTL.

Comtech Telecommunications (NASDAQ:CMTL) pays an annual dividend of $0.40 per share and currently has a dividend yield of 4.02%. CMTL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for CMTL.

Comtech Telecommunications updated its FY 2022 earnings guidance on Thursday, July, 7th. The company provided EPS guidance of for the period. The company issued revenue guidance of $482.00 million-$482.00 million, compared to the consensus revenue estimate of $517.33 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 many different retail and institutional investors. Top institutional shareholders include Royce & Associates LP (3.59%), State Street Corp (3.46%), Pacific Ridge Capital Partners LLC (1.57%), Northern Trust Corp (1.18%), Paradigm Capital Management Inc. NY (1.06%) and Principal Financial Group Inc. (0.64%). Insiders that own company stock include Lisa Lesavoy, Maria Hedden, Michael Bondi, Michael Porcelain, Richard L Burt 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.
Compare Top Brokerages Here.

One share of CMTL stock can currently be purchased for approximately $9.81.

Comtech Telecommunications (NASDAQ:CMTL) has a market capitalization of $269.87 million and generates $581.70 million in revenue each year. The communications equipment provider earns $-73,480,000.00 in net income (profit) each year or ($1.10) on an earnings per share basis.

The company employs 2,038 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.