Comtech Telecommunications (NASDAQ:CMTL) Posts Earnings Results, Misses Estimates By $0.01 EPS

Comtech Telecommunications (NASDAQ:CMTL) released its quarterly earnings results on Wednesday. The communications equipment provider reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.01), Zacks reports. The firm had revenue of $126.57 million during the quarter, compared to the consensus estimate of $117.00 million. Comtech Telecommunications had a negative net margin of 48.97% and a negative return on equity of 8.76%.

Comtech Telecommunications Stock Down 9.3 %

Shares of CMTL stock traded down $0.20 during trading hours on Thursday, reaching $1.93. 503,191 shares of the company’s stock were exchanged, compared to its average volume of 996,731. The business has a fifty day moving average price of $2.44 and a 200-day moving average price of $3.16. The stock has a market capitalization of $56.33 million, a P/E ratio of -0.20 and a beta of 1.55. Comtech Telecommunications has a fifty-two week low of $1.53 and a fifty-two week high of $5.67.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Comtech Telecommunications to a “sell” rating in a research report on Thursday, January 2nd.

Comtech Telecommunications Company Profile

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.