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Wednesday, September 25, 2019
Comtech (CMTL)
Does a Strong 2019 Bode Well for 2020? Raising Price Target to $40.
Comtech Telecommunications Corp. engages in the design, development, production, and marketing of products, systems, and services for communications market for both domestic and international customers. Through the company’s legacy communications systems, Comtech provides satellite modems to international consumers and secure troposcatter systems to foreign governments and the US military. The TCS acquisition provides communications equipment and services to both commercial and governmental organizations.
Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to full report for price target, fundamental analysis and rating.
- Excellent 4Q19 and FY19 Results. Comtech reported 4Q19 revenue of $176.4 million, adjusted EBITDA of $28.3 million, GAAP EPS of $0.25 and non-GAAP EPS of $0.29. These results were above our and consensus expectations. Full year revenue totaled $671.8 million, adjusted EBITDA totaled $93.5 million, GAAP EPS was $1.03, and non-GAAP EPS came in at $1.34.
- Business Environment Remain Favorable. 2019 results were driven by a favorable business environment, one that remains strong. Market demand for…
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This Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst
certification and important disclosures included in full report.
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