Press coverage about Comtech Telecommunications Corp. (NASDAQ:CMTL) has been trending somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Comtech Telecommunications Corp. earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave headlines about the communications equipment provider an impact score of 45.7080644865532 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Comtech Receives $6.5 Million Contract to Support the BFT-2 Program (finance.yahoo.com)
- Earnings Review and Free Research Report: Comtech Telecommunications Diluted EPS Soared 121.4% (finance.yahoo.com)
- Candor Insurance Granted Approval for Insurance Top-Level Domain (finance.yahoo.com)
- Speedy Paper Helper Announces the Launch of Its New and User-Friendly Website (finance.yahoo.com)
- Zacks Investment Research Downgrades Comtech Telecommunications Corp. (CMTL) to Hold (americanbankingnews.com)
Comtech Telecommunications Corp. (CMTL) traded down 1.90% during trading on Thursday, hitting $22.26. 183,831 shares of the stock traded hands. Comtech Telecommunications Corp. has a 12 month low of $9.52 and a 12 month high of $22.90. The company has a 50-day moving average price of $20.21 and a 200-day moving average price of $17.44. The stock has a market cap of $525.00 million, a PE ratio of 33.22 and a beta of 1.93.
Comtech Telecommunications Corp. (NASDAQ:CMTL) last announced its quarterly earnings data on Wednesday, September 27th. The communications equipment provider reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.02. The firm had revenue of $147.80 million during the quarter, compared to analyst estimates of $150.57 million. Comtech Telecommunications Corp. had a net margin of 2.88% and a return on equity of 1.70%. The business’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.14 EPS. Equities research analysts expect that Comtech Telecommunications Corp. will post $0.41 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Stockholders of record on Wednesday, October 18th will be issued a $0.10 dividend. The ex-dividend date is Tuesday, October 17th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.76%. Comtech Telecommunications Corp.’s payout ratio is 59.70%.
Several equities analysts recently commented on the stock. Zacks Investment Research downgraded shares of Comtech Telecommunications Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Northland Securities set a $22.00 price objective on shares of Comtech Telecommunications Corp. and gave the company a “buy” rating in a research note on Monday, July 10th. BidaskClub downgraded shares of Comtech Telecommunications Corp. from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 16th. ValuEngine raised shares of Comtech Telecommunications Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. Finally, Noble Financial reaffirmed a “buy” rating on shares of Comtech Telecommunications Corp. in a research note on Friday, September 29th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Comtech Telecommunications Corp. has a consensus rating of “Hold” and a consensus 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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