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 year. 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 twelve-month target prices for Comtech Telecommunications' stock. Their CMTL share price forecasts range from $10.00 to $14.50. On average, they predict the company's stock price to reach $12.17 in the next year. This suggests that the stock has a possible downside of 2.5%.
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 increased by 2.8% and is now trading at $12.48.
View the best growth stocks for 2023 here.

Comtech Telecommunications saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 304,400 shares, an increase of 11.7% from the February 28th total of 272,500 shares. Based on an average daily volume of 142,000 shares, the days-to-cover ratio is currently 2.1 days. Approximately 1.2% of the company's shares 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) posted its quarterly earnings data on Thursday, March, 9th. The communications equipment provider reported ($0.23) EPS for the quarter. The communications equipment provider earned $133.73 million during the quarter, compared to analyst estimates of $132.95 million. Comtech Telecommunications had a positive trailing twelve-month return on equity of 1.13% and a negative net margin of 4.10%.

Comtech Telecommunications announced a quarterly dividend on Thursday, December 8th. Stockholders 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 3.21%. 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) and Invesco S&P SmallCap 600 Equal Weight ETF (EWSC).

Comtech Telecommunications (NASDAQ:CMTL) pays an annual dividend of $0.40 per share and currently has a dividend yield of 3.30%.
Read our dividend analysis for CMTL.

Comtech Telecommunications issued an update on its third quarter 2023 earnings guidance on Thursday, March, 9th. The company provided earnings per share 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."

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 $12.48.

Comtech Telecommunications (NASDAQ:CMTL) has a market capitalization of $347.74 million and generates $513.96 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.