Friday, June 7, 2019
Comtech Telecommunications (CMTL)
Will a Strong FY2019 Translate into an Even Better FY2020?
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.
Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to full report for price target, fundamental analysis and rating.
Solid Quarter, Stock Reacts Positively. Comtech reported strong 3Q19 results, as we highlighted in our June 5, 2019 report. Unlike following the 2Q release, CMTL shares reacted positively to the 3Q news, rising as much as 21% yesterday before closing up nearly 17%.
Strength Across the Board.Comtech is seeing positive business momentum nearly across the board…
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