Tag: Comtech Telecommunications

Release – Comtech to Ring the NASDAQ Stock Market Closing Bell on Jan. 23, 2023

Posted on by aweinsoff@channelchek.com

Research News and Market Data on CMTL

MELVILLE, N.Y. – Jan. 23, 2023– Comtech (NASDAQ: CMTL) today announced that the Company will ring the NASDAQ Stock Market closing bell on Monday, Jan. 23, 2023. The Company is celebrating 35 years of being listed as a public company on the NASDAQ.

“We are thrilled to ring the NASDAQ stock market closing bell to celebrate 35 years as a public company and emphasize our continued commitment to delivering unprecedented value to our customers, shareholders, and partners around the world,” said Ken Peterman, President and Chief Executive Officer of Comtech. “Today, Comtech is relentless in our quest to solve our customers’ toughest challenges and empower people around the world through equitable access to technology.”

Comtech recently underwent a transformational change to unite the enterprise, build on its collective strengths, solidify foundations for its future, and energize transformation across the industry. Comtech’s vision of “building connections that set ideas free” is an embodiment of the dedication and commitment to excellence in the company’s innovative culture, passion for customer success, and mission to accelerate the global technology trajectories that will connect the unconnected and empower people by providing access to data and insight in new and unique ways.

A live webcast of the Closing Bell Ceremony will begin at 3:50PM ET and can be viewed here.

About Comtech

Comtech Telecommunications Corp. is a leading global technology company providing terrestrial and wireless network solutions, next-generation 9-1-1 emergency services, satellite and space communications technologies, and cloud native capabilities to commercial and government customers around the world. Our unique culture of innovation and employee empowerment unleashes a relentless passion for customer success. With multiple facilities located in technology corridors throughout the United States and around the world, Comtech leverages our global presence, technology leadership, and decades of experience to create the world’s most innovative communications solutions.For more information, please visit www.comtech.com.

Forward-Looking Statements

Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results and performance could differ materially from such forward-looking information. The Company’s Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such Securities and Exchange Commission filings.

PCMTL

View source version on businesswire.com: https://www.businesswire.com/news/home/20230122005023/en/

Investor Relations
Robert Samuels
631-962-7102
robert.samuels@comtech.com

Media Contact
Jamie Clegg
480-532-2523
jamie.clegg@comtech.com

Release – Comtech Unveils New Corporate Logo and Brand Identity

Posted on by aweinsoff@channelchek.com

Research News and market data on CMTL

January 18, 2023 09:00 AM Eastern Standard Time

MELVILLE, N.Y.–(BUSINESS WIRE)–January 18, 2023–Comtech (NASDAQ: CMTL) is releasing a new logo and brand identity today that align with the company’s customer-centric focus and commitment to accelerating the global technology trajectories that will connect the unconnected, bridge the digital divide, and empower people by providing access to data and insight in new and unprecedented ways.

Comtech recently underwent a transformational change to unite the enterprise, build on its collective strengths, solidify foundations for its future, and energize transformation across the industry. Comtech’s new vision of “building connections that set ideas free” is an embodiment of the dedication and commitment to excellence in the company’s innovative culture and passion for customer success.

“Our global communications infrastructure is at the cusp of enormous change and Comtech is leading the way in the democratization of communications access for all, and we are doing it through radical change, starting with our new mission and vision,” said Ken Peterman, President and Chief Executive Officer. “Our new logo and brand represent Comtech’s move into its next chapter as a company and our unique ability to identify and deliver the technologies and services that will be needed to connect the unconnected, address our customers toughest challenges, and set new ideas free.”

At Comtech, we are in a relentless pursuit of a better way – empowering people by connecting everything and everyone. The company is committed to matching the extraordinary rate of change taking place across today’s communications infrastructure. With its unique culture of innovation and fluency in future technologies, Comtech will empower people and organizations through access to connectivity and help shape the landscape of the Fourth Industrial Revolution.

Visit Comtech Signals to learn more about the rebrand and other activities.

About Comtech

Comtech Telecommunications Corp. is a leading global technology company providing terrestrial and wireless network solutions, next-generation 9-1-1 emergency services, satellite and space communications technologies, and cloud native capabilities to commercial and government customers around the world. Our unique culture of innovation and employee empowerment unleashes a relentless passion for customer success. With multiple facilities located in technology corridors throughout the United States and around the world, Comtech leverages our global presence, technology leadership, and decades of experience to create the world’s most innovative communications solutions.For more information, please visit www.comtech.com.

Forward-Looking Statements

Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results and performance could differ materially from such forward-looking information. The Company’s Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such Securities and Exchange Commission filings.

Contacts

Investor Relations
Robert Samuels
631-962-7102
robert.samuels@comtech.com

Comtech Telecommunications (CMTL) – Transformation Delivering Results; Raising PT to $16

Posted on by cpereira@noblefcm.com


Tuesday, December 13, 2022

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, Senior Research Analyst, 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.

1Q23 Results. Revenue of $131.1 million was up 3.3% sequentially and is the fourth consecutive quarter of growth. Y-o-Y revenue was down 12.2%. We were at $128.3 million. Adjusted EBITDA totaled $10.7 million, nearly double the $5.5 million in 1Q22. We were at $10.2 million. Driven by CEO transition costs, Comtech reported a net loss of $12.8 million, or a loss of $0.46 per share, compared to a net loss of $11.2 million, or $0.43 per share last year. We had forecast a net loss of $3.2 million, or a loss of $0.12 per share.

Making Progress. The transformation of the business into One Comtech is taking root. Key Performance Indicators for the quarter were above expectations. The Senior management team has been restructured and the Company is positioned for growth, in our view. 


Get the Full Report

Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.

This Company Sponsored 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 the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

Release – Comtech Announces Results for its First Quarter of Fiscal 2023 and Updates Second Quarter Fiscal 2023 Financial Targets

Posted on by aweinsoff@channelchek.com

Research News and Market Data on CMTL

MELVILLE, N.Y. – December 8, 2022–Comtech (NASDAQ: CMTL), a leading global provider of satellite and space communications and terrestrial and wireless network infrastructures, today announced its first quarter fiscal 2023 financial results and updated its second quarter fiscal 2023 financial targets in a letter to shareholders which is now posted to the Investor Relations section of Comtech’s website.

Investors are invited to access the first quarter fiscal 2023 shareholder letter at its web site at investor.comtech.com. A copy of the letter will also be filed with the Securities and Exchange Commission in a Form 8-K.

Comtech also intends to host a previously scheduled earnings conference call at 5:00PM ET today that is intended to be briefer but provide more time for questions and discussion. Individuals can access the conference call by dialing (800) 225-9448 (domestic) or (203) 518-9708 (international) and using the conference I.D. of “Comtech.” A replay of the conference call will be available for seven days by dialing (800) 839-2434 or (402) 220-7211. A live webcast of the call is also available at investor.comtech.com.

About Comtech

Comtech is a leading global provider of satellite and space communications and terrestrial and wireless network infrastructures to commercial and government customers around the world. Headquartered in Melville, New York and with a passion for customer success, Comtech designs, produces and markets advanced and secure wireless solutions. For more information, please visit www.comtech.com.

Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company’s Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward- looking information in this press release is qualified in its entirety by the risks and uncertainties described in such Securities and Exchange Commission filings.

PCMTL

View source version on businesswire.com: https://www.businesswire.com/news/home/20221208005817/en/

Investor Relations

Robert Samuels

631-962-7102

robert.samuels@comtech.com

Release – Comtech to Present at the 14th Annual Southwest IDEAS Investor ConferenceRelease

Posted on by aweinsoff@channelchek.com

Research, News, and Market Data on CMTL

MELVILLE, N.Y.–(BUSINESS WIRE)–Nov. 8, 2022– November 8, 2022 – Comtech (NASDAQ: CMTL) today announced that it will participate in the 14th annual Southwest IDEAS Investor Conference on Wednesday, November 16, 2022, at the Westin Dallas Downtown in Dallas, TX. The Company’s presentation is scheduled to begin at 8:00AM CT. The presentation will be webcast and may be accessed through the conference host’s main website: www.IDEASconferences.com and in the investor relations section of the Company’s website: http://www.comtech.com.

Comtech management will provide an overview of the Company and its business opportunities. The Company will also conduct one-on-one meetings with investors throughout the day.

About Comtech

Comtech Telecommunications Corp. is a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies to commercial and government customers around the world. Headquartered in Melville, New York and with a passion for customer success, Comtech designs, produces and markets advanced and secure wireless solutions. For more information, please visit www.comtech.com.

Forward-Looking Statements

Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company’s Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such Securities and Exchange Commission filings.

PCMTL

Investor Relations
Robert Samuels
631-962-7102
robert.samuels@comtech.com

Source: Comtech Telecommunications Corp.

Release – Comtech Awarded Incremental Funding to Supply Troposcatter Equipment in Support of U.S. Military Next Generation Troposcatter System

Posted on by aweinsoff@channelchek.com

Research, News, and Market Data on CMTL

MELVILLE, N.Y.–(BUSINESS WIRE)–Oct. 27, 2022– October 27, 2022– Comtech (NASDAQ: CMTL) announced today that during its first quarter of fiscal 2023, the Company was awarded over $50.0 million of incremental funding on an existing contract to provide next generation troposcatter systems in support of the U.S. military. For over 50 years, Comtech has been a world leader in the design and supply of modernized troposcatter technologies. Our Troposcatter Family of Systems are just one way that Comtech helps to ensure that our customers can count on secure, uninterrupted connectivity where (and when) it matters most.

About Comtech

Comtech Telecommunications Corp. is a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies to commercial and government customers around the world. Headquartered in Melville, New York and with a passion for customer success, Comtech designs, produces and markets advanced and secure wireless solutions. For more information, please visit www.comtech.com or see our Signals blog at https://www.comtech.com/comtech-signals/.

Forward-Looking Statements

Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company’s Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such Securities and Exchange Commission filings.

PCMTL

Investor Relations
Robert Samuels
631-962-7102
robert.samuels@comtech.com

Source: Comtech Telecommunications Corp.

Comtech Telecommunications (CMTL) – A Transformative Vision

Posted on by cpereira@noblefcm.com


Thursday, October 20, 2022

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, Senior Research Analyst, 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.

NYC NDRS. We spent Tuesday with Comtech CEO Ken Peterman and CFO Michael Bondi in a series of NDRS meeting with institutional investors. Mr. Peterman outlined his transformative vison for the Company to capitalize on significant end market opportunities that play to Comtech’s existing leadership positions in both the terrestrial wireless and satellite communications spaces.

One Comtech. Step one is the implementation of a “One Comtech” vision, dismantling the prior siloed approach. We believe the Company could begin to see the fruits of this change as soon as two or three quarters, with enhanced efficiencies and synergies dropping to the bottom line or, potentially, re-invested in the business.


Get the Full Report

This Company Sponsored 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 the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

Release – Comtech Awarded Foreign Military Sales Contract to support Ukraine’s War Efforts

Posted on by aweinsoff@channelchek.com

Research, News, and Market Data on CMTL

Troposcatter equipment to enhance Ukrainian Special Forces Ability to Communicate

MELVILLE, N.Y.–(BUSINESS WIRE)–Sep. 21, 2022– September 21, 2022–Comtech (NASDAQ: CMTL) announced today that the Company has been awarded a Foreign Military Sales (FMS) Contract for the Ukrainian Government. The FMS contract is for beyond line-of-sight communications terminals and upgrades to the country’s existing systems. In March, Comtech donated identical systems to those now being purchased to the international effort to support the defense of Ukraine at the request of the Ukrainian government. These systems were requested by Ukrainian Special Forces to enhance their ability to rapidly deploy secure, resilient communication channels in contested environments.

Comtech has supported multiple communications upgrades and modernization initiatives for the Ukrainian Ministry of Defense since 2017. As a result, Comtech is well placed to provide systems that were previously certified for use by the Ukrainian military and can be fielded with training provided by Comtech and current operators. Comtech’s market-leading solutions coupled with our ability to speed deployment of these critical support capabilities made the Company the obvious choice for a contract award.

“Comtech’s Troposcatter Family of Systems (FOS) provides U.S. and International customers the benefit of transporting secure, resilient high-capacity IP data communications to the tactical edge,” said Doug Houston, President of Comtech Systems, Inc.

The Company’s feature-rich terminals can easily be linked with other Comtech tactical, mobile, and fixed systems to provide a robust, comprehensive Beyond Line-of-Sight communications solution that can be used to enhance the Ukrainian Military’s existing communications capabilities. Comtech’s solutions are ideal for Tactical Military, Disaster Recovery, and Emergency Communications Restoration applications anywhere in the world.

“Global militaries have relied on our Comtech Systems division to consistently provide robust communications solutions globally for over forty years and our new state-of-the-art radio-modem technology is a game changer in the marketplace,” said Comtech’s Chairman, President, and CEO Ken Peterman.

About Comtech

Comtech Telecommunications Corp. is a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies to commercial and government customers around the world. Headquartered in Melville, New York and with a passion for customer success, Comtech designs, produces and markets advanced and secure wireless solutions. For more information, please visit www.comtech.com.

Forward-Looking Statements

Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company’s Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such Securities and Exchange Commission filings.

PCMTL

Investor Relations
Robert Samuels
631-962-7102
robert.samuels@comtech.com

Release – Comtech to Report Fourth Quarter Fiscal 2022 Results on September 29th

Posted on by aweinsoff@channelchek.com

Research, News, and Market Data on CMTL

MELVILLE, N.Y.–(BUSINESS WIRE)–Sep. 19, 2022– September 19, 2022–Comtech (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, today announced that it will report its fourth quarter of fiscal 2022 results after the market closes on Thursday, September 29, 2022.

The Company has scheduled an investor conference call for Thursday, September 29, 2022 at 4:30 PM ET. Investors are invited to access a live webcast of the conference call from the investor relations section of the Comtech web site at www.comtech.com. Alternatively, investors can access the conference call by dialing (800) 225-9448 (domestic) or (203) 518-9708 (international) and using the conference I.D. of “Comtech.” A replay of the conference call will be available for seven days by dialing (800) 839-0861 or (402) 220-0661.

About Comtech

Comtech Telecommunications Corp. is a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies to commercial and government customers around the world. Headquartered in Melville, New York and with a passion for customer success, Comtech designs, produces and markets advanced and secure wireless solutions. For more information, please visit www.comtech.com.

Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company’s Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such Securities and Exchange Commission filings.

PCMTL

Comtech Investor Relations
Robert Samuels
631-962-7102
robert.samuels@comtech.com

Source: Comtech Telecommunications Corp.

Release – Comtech Awarded London Police Service Next Generation 9-1-1 Contract

Posted on by aweinsoff@channelchek.com

Research, News, and Market Data on CMTL

MELVILLE, N.Y.–(BUSINESS WIRE)–Sep. 15, 2022– September 15, 2022– Comtech (NASDAQ: CMTL) announced today that Comtech Solacom Technologies, Inc., a division of the Company’s 9-1-1 Public Safety and Security segment, was recently awarded a Next Generation 9-1-1 (“NG9-1-1”) services contract to provide its Guardian call management solution to the London Police Services. The London Police Service is Comtech Solacom’s latest customer in the Southern Ontario region, joining the Toronto Paramedic and Toronto Police Services, which also recently awarded contracts to Comtech Solacom. The new system award includes multiple years of support and comprehensive cybersecurity protection.

The public safety answering point (“PSAP”) will receive a geo-diverse, redundant NG9-1-1 Guardian Call Management solution fully equipped with Guardian Intelligent Workstations (“IWS”). IWS’ are powerful emergency call taking positions designed to maximize call management effectiveness. The intuitive user interface allows call takers to quickly assess, prioritize and handle landline, wireless and VoIP calls. Call takers can quickly create multi-party conferences, transfer calls, determine the location of callers and play back recently recorded conversations. The Guardian IWS is also engineered to be future proof so that next generation capabilities such as real-time text (RTT), exchanging video, images and data with specially trained staff can be supported once they become available to the public. In addition, the system is designed according to industry standards and the Canadian Radio-Television and Telecommunication (“CRTC”) Next Generation 9-1-1 directives.

“We were impressed with many of the advanced, next generation features inherent to the Guardian call management platform including Mapping and Text-from-911,” said Stu Betts, Deputy Chief of the London Police Service. “The added service of safeguarding our network from cyberattacks was imperative and Comtech Solacom understood that need and offered us a solution that met our exact requirements.”

“We’re pleased to be partnering with the London Police Services Board as we deploy a complete, turnkey next generation Guardian call management solution to the London Police Service,” said Ken Peterman, President and CEO of Comtech. “With their new Guardian solution, the London Police Service will be able to modernize current 911 operations, improve public safety services and get piece of mind knowing they’re protected from potential cybersecurity threats.”

About Comtech

Comtech Telecommunications Corp. is a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies to commercial and government customers around the world. Headquartered in Melville, New York and with a passion for customer success, Comtech designs, produces and markets advanced and secure wireless solutions. For more information, please visit www.comtech.com.

Forward-Looking Statements

Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company’s Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such Securities and Exchange Commission filings.

PCMTL

Investor Relations
Robert Samuels
631-962-7102
robert.samuels@comtech.com

Source: Comtech Telecommunications Corp.