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

Comtech Telecommunications (NASDAQ:CMTL) released its quarterly earnings data on Monday. The communications equipment provider reported ($0.26) 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. The company has a market cap of $143.60 million, a PE ratio of -2.17 and a beta of 1.40. The company has a current ratio of 1.69, a quick ratio of 1.23 and a debt-to-equity ratio of 3.22. Comtech Telecommunications has a 12 month low of $1.80 and a 12 month high of $6.21. The stock has a 50 day moving average of $4.20 and a 200-day moving average of $4.53.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Comtech Telecommunications

Several large investors have recently made changes to their positions in CMTL. Marshall Wace LLP boosted its holdings in shares of Comtech Telecommunications by 91.4% in the 4th quarter. Marshall Wace LLP now owns 735,775 shares of the communications equipment provider’s stock valued at $3,892,000 after buying an additional 351,318 shares during the last quarter. QVT Financial LP raised its stake in Comtech Telecommunications by 39.5% in the 2nd quarter. QVT Financial LP now owns 984,354 shares of the communications equipment provider’s stock valued at $2,412,000 after acquiring an additional 278,581 shares during the period. Beartown Capital Management LLC bought a new stake in Comtech Telecommunications in the 4th quarter valued at $1,332,000. Squarepoint Ops LLC raised its stake in Comtech Telecommunications by 351.0% in the 4th quarter. Squarepoint Ops LLC now owns 140,649 shares of the communications equipment provider’s stock valued at $744,000 after acquiring an additional 109,460 shares during the period. Finally, Two Sigma Investments LP raised its stake in Comtech Telecommunications by 71.4% in the 3rd quarter. Two Sigma Investments LP now owns 256,607 shares of the communications equipment provider’s stock valued at $662,000 after acquiring an additional 106,866 shares during the period.

About Comtech Telecommunications

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.