Tuesday, July 02, 2024
Comtech Telecommunications Corp. engages in the design, development, production, and marketing of products, systems, and services for advanced communications solutions in the United States and internationally. It operates in three segments: Telecommunications Transmission, Mobile Data Communications, and RF Microwave Amplifiers. The Telecommunications Transmission segment provides satellite earth station equipment and systems, over-the-horizon microwave systems, and forward error correction technology, which are used in various commercial and government applications, including backhaul of wireless and cellular traffic, broadcasting (including HDTV), IP-based communications traffic, long distance telephony, and secure defense applications. The Mobile Data Communications segment provides mobile satellite transceivers, and computers and satellite earth station network gateways and associated installation, training, and maintenance services; supplies and operates satellite packet data networks, including arranging and providing satellite capacity; and offers microsatellites and related components. The RF Microwave Amplifiers segment designs, develops, manufactures, and markets satellite earth station traveling wave tube amplifiers (TWTA) and broadband amplifiers. Its amplifiers are used in broadcast and broadband satellite communication; defense applications, such as telecommunications systems and electronic warfare systems; and commercial applications comprising oncology treatment systems, as well as to amplify signals carrying voice, video, or data for air-to-satellite-to-ground communications. The company serves satellite systems integrators, wireless and other communication service providers, broadcasters, defense contractors, military, governments, and oil companies. Comtech markets its products through independent representatives and value-added resellers. The company was founded in 1967 and is headquartered in Melville, New York.
Joe Gomes, CFA, Managing Director, Equity Research Analyst, Generalist , Noble Capital Markets, Inc.
Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Conference. We hosted Comtech Communications CFO Michael Bondi at the Noble Capital Emerging Growth Conference on June 26th. Mr. Bondi’s presentation and a Q&A session can be accessed at https://www.channelchek.com/videos/comtech-telecommunications-cmtl-noble-capital-markets-virtual-consumer-tmt-conference-replay. The following are key highlights of the presentation.
Company Wins. Management highlighted key contract wins of the past twelve months including the $544 million GFSR contract, nearly $50 million of Army SATCOM solutions, and numerous NG911 awards, including Massachusetts, Washington, and North Central Texas. These awards will not only drive future operating results but are a testament to Comtech’s position in the marketplace, even during its turbulent refi process.
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