Comtech Telecommunications (NASDAQ:CMTL – Get Free Report) posted its earnings results on Monday. The communications equipment provider reported ($0.22) earnings per share for the quarter, beating the consensus estimate of ($0.30) by $0.08, Zacks reports. Comtech Telecommunications had a negative return on equity of 8.76% and a negative net margin of 48.97%.
Comtech Telecommunications Stock Up 11.9%
Shares of CMTL stock opened at $2.54 on Tuesday. The stock has a market capitalization of $74.54 million, a PE ratio of -0.26 and a beta of 1.20. Comtech Telecommunications has a 52-week low of $1.19 and a 52-week high of $5.16. The stock’s 50-day moving average price is $1.66 and its 200 day moving average price is $2.34.
Hedge Funds Weigh In On Comtech Telecommunications
A hedge fund recently raised its stake in Comtech Telecommunications stock. Goldman Sachs Group Inc. increased its position in Comtech Telecommunications Corp. (NASDAQ:CMTL – Free Report) by 86.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,593 shares of the communications equipment provider’s stock after acquiring an additional 20,726 shares during the period. Goldman Sachs Group Inc. owned approximately 0.15% of Comtech Telecommunications worth $71,000 as of its most recent SEC filing.
About Comtech Telecommunications
Comtech Telecommunications Corp., together with its subsidiaries, engages in the provision of next-gen telecommunication solutions in the United States and internationally. The company’s Satellite and Space Communications segment offers satellite ground station technologies, services and system integration that facilitates the transmission of voice, video, and data over GEO, MEO and LEO satellite constellations, including solid-state and traveling wave tube power amplifiers, modems, VSAT platforms, and frequency converters; and satellite communications and tracking antenna systems, including high precision full motion fixed and mobile X/Y tracking antennas, RF feeds, reflectors, and radomes.
See Also
- Five stocks we like better than Comtech Telecommunications
- Low PE Growth Stocks: Unlocking Investment Opportunities
- Robinhood Drops on S&P Snub—Is a Bigger Pullback Coming?
- How to Evaluate a Stock Before Buying
- Palantir Stock Holds Support, Despite Political Backlash
- Insider Trades May Not Tell You What You Think
- 3 Tightly-Held Growth Stocks Set Up for Short Squeezes
Receive News & Ratings for Comtech Telecommunications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comtech Telecommunications and related companies with MarketBeat.com's FREE daily email newsletter.
