Comtech Telecommunications (NASDAQ:CMTL) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Comtech Telecommunications (NASDAQ:CMTL) issued its quarterly earnings data on Monday. The communications equipment provider reported ($0.26) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.27) by $0.01, Zacks reports. Comtech Telecommunications had a return on equity of 50.25% and a net margin of 2.60%.

Comtech Telecommunications Stock Performance

NASDAQ:CMTL opened at $4.83 on Monday. Comtech Telecommunications has a twelve month low of $1.80 and a twelve month high of $6.21. The company has a quick ratio of 1.23, a current ratio of 1.69 and a debt-to-equity ratio of 3.22. The business has a 50 day moving average price of $4.20 and a two-hundred day moving average price of $4.53. The company has a market cap of $143.60 million, a P/E ratio of -2.17 and a beta of 1.40.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Comtech Telecommunications from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce”.

Hedge Funds Weigh In On Comtech Telecommunications

A number of large investors have recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in Comtech Telecommunications by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 338,589 shares of the communications equipment provider’s stock worth $1,792,000 after acquiring an additional 3,411 shares during the last quarter. UBS Group AG boosted its position in Comtech Telecommunications by 1.8% during the 3rd quarter. UBS Group AG now owns 236,937 shares of the communications equipment provider’s stock worth $611,000 after acquiring an additional 4,157 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in Comtech Telecommunications during the 4th quarter worth approximately $26,000. Cetera Investment Advisers boosted its position in Comtech Telecommunications by 25.9% during the 2nd quarter. Cetera Investment Advisers now owns 25,250 shares of the communications equipment provider’s stock worth $62,000 after acquiring an additional 5,192 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Comtech Telecommunications by 11.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 77,256 shares of the communications equipment provider’s stock worth $409,000 after acquiring an additional 7,786 shares during the last quarter.

Comtech Telecommunications Company Profile

Comtech Telecommunications Corporation (NASDAQ:CMTL), founded in 1969 and headquartered in Melville, New York, is a leading global provider of advanced communications solutions. The company designs, develops, and deploys equipment, systems, and services that enable secure and reliable transmission of voice, video, and data. Over its history, Comtech has built a reputation for innovation across satellite communications, wireless data systems, and public safety networks, serving both commercial and government customers worldwide.

Comtech operates through two primary business segments: Commercial Solutions and Government Solutions.