Comtech Telecomm. Corp. (NASDAQ:CMTL) had declared a cash dividend of $0.3000 on Oct 6, 2016. The shares will quote ex-dividend on Oct 19, 2016 and the record date has been fixed for Oct 21, 2016. On Oct 6, 2016 share price, the yield comes out to be 9.4787%. The dividend payable date has been fixed on Nov 22, 2016.
In a different note, Citigroup said it Initiates Coverage on Comtech Telecomm. Corp., according to a research note issued on Aug 24, 2016. The shares have been rated ‘Neutral’ by the firm. Jefferies said it Initiates Coverage on Comtech Telecomm. Corp., according to a research note issued on Aug 2, 2016. The shares have been rated ‘Hold’ by the firm. Ladenburg Thalmann said it Initiates Coverage on Comtech Telecomm. Corp., according to a research note issued on Jul 22, 2016. The shares have been rated ‘Buy’ by the firm.
Comtech Telecomm. Corp. (CMTL) made into the market gainers list on Fridays trading session with the shares advancing 0.19% or 0.02 points. Due to strong positive momentum, the stock ended at $10.75, which is also near the day’s high of $11.07. The stock began the session at $10.83 and the volume stood at 2,35,117 shares. The 52-week high of the shares is $25.8499 and the 52 week low is $10.67. The company has a current market capitalization of $253 M and it has 2,35,08,716 shares in outstanding.
Comtech Telecomm. Corp.(CMTL) last announced its earnings results on Oct 6, 2016 for Fiscal Year 2016 and Q4.Company reported revenue of $152.38M. Analysts had an estimated revenue of $165.59M. Earnings per share were $0.14. Analysts had estimated an EPS of $-0.17.
Several Insider Transactions has been reported to the SEC. On Apr 16, 2015, Ira Kaplan (director) sold 15,000 shares at $31.53 per share price.Also, On Apr 14, 2015, Edwin Kantor (director) sold 15,000 shares at $31.57 per share price.On Apr 3, 2015, Robert L Mccollum (Sr. Vice President) sold 23,453 shares at $29.73 per share price, according to the Form-4 filing with the securities and exchange commission.
Comtech Telecommunications Corp. designs develops produces and markets products systems and services for advanced communications solutions. The Company operates through three segments: telecommunications transmission RF microwave amplifiers and mobile data communications. Its telecommunications transmission segment provides equipment and systems used for satellite transmission and enable wireless communications. Its RF microwave amplifiers segment designs develops manufactures and markets traveling wave tube amplifiers and solid-state power amplifiers including high-power narrow and broadband radio frequency (RF) microwave amplifier products. Its mobile data communications segment’s products and services relate to its support of the United States Army’s Blue Force Tracking (BFT-1) program. It sells its products to customer base in the global commercial and government communications markets including the backhaul of wireless and cellular traffic and defense applications.