Somewhat Positive News Coverage Somewhat Unlikely to Impact Comtech Telecommunications Corp. (CMTL) Stock Price
Media headlines about Comtech Telecommunications Corp. (NASDAQ:CMTL) have trended somewhat positive this week, Accern reports. Accern rates the sentiment of news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Comtech Telecommunications Corp. earned a news impact score of 0.21 on Accern’s scale. Accern also assigned news articles about the communications equipment provider an impact score of 45.4556154866791 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- Cramer's lightning round: Why my charitable trust sold it… (finance.yahoo.com)
- Comtech Telecommunications Corp. (CMTL) Given Average Rating of “Hold” by Brokerages (americanbankingnews.com)
- Comtech Showcasing Communication Solutions at AUSA Expo 2017 (finance.yahoo.com)
- Comtech Telecommunications Corp. :CMTL-US: Earnings Analysis: Q4, 2017 By the Numbers : September 28, 2017 (finance.yahoo.com)
- Edited Transcript of CMTL earnings conference call or presentation 28-Sep-17 12:30pm GMT (finance.yahoo.com)
Shares of Comtech Telecommunications Corp. (NASDAQ:CMTL) traded down 0.43% during trading on Friday, hitting $20.62. The stock had a trading volume of 139,345 shares. The stock’s 50-day moving average price is $19.86 and its 200 day moving average price is $17.22. Comtech Telecommunications Corp. has a one year low of $9.52 and a one year high of $21.40. The stock has a market cap of $486.32 million, a price-to-earnings ratio of 30.78 and a beta of 1.93.
Comtech Telecommunications Corp. (NASDAQ:CMTL) last issued its quarterly earnings data on Wednesday, September 27th. The communications equipment provider reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.02. The firm had revenue of $147.80 million for the quarter, compared to analysts’ expectations of $150.57 million. Comtech Telecommunications Corp. had a net margin of 2.88% and a return on equity of 1.70%. The company’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.14 earnings per share. On average, equities analysts forecast that Comtech Telecommunications Corp. will post $0.41 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Shareholders of record on Wednesday, October 18th will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, October 17th. This represents a $0.40 annualized dividend and a yield of 1.94%. Comtech Telecommunications Corp.’s dividend payout ratio is 59.70%.
CMTL has been the subject of several analyst reports. Jefferies Group LLC reiterated a “hold” rating and set a $12.50 price objective on shares of Comtech Telecommunications Corp. in a research report on Thursday, June 8th. Citigroup Inc. boosted their price objective on Comtech Telecommunications Corp. from $15.00 to $18.00 and gave the stock a “neutral” rating in a research report on Friday, June 9th. Noble Financial reiterated a “buy” rating on shares of Comtech Telecommunications Corp. in a research report on Friday, June 9th. ValuEngine upgraded Comtech Telecommunications Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. Finally, Northland Securities set a $22.00 price objective on Comtech Telecommunications Corp. and gave the stock a “buy” rating in a research report on Monday, July 10th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Comtech Telecommunications Corp. currently has a consensus rating of “Hold” and an average target price of $19.25.
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About Comtech Telecommunications Corp.
Comtech Telecommunications Corp. designs, develops, produces and markets products, systems and services for communications solutions. The Company operates through two segments: Commercial Solutions and Government Solutions. It offers communications solutions, including command and control technologies, safety and security technologies and enterprise technologies.
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