Ladenburg Thalmann Initiates Coverage on Comtech Telecomm. Corp. to Buy

Ladenburg Thalmann Initiates Coverage on Comtech Telecomm. Corp.(NASDAQ:CMTL). The shares have been rated Buy. The rating by Ladenburg Thalmann was issued on Jul 22, 2016.

In a different note, BMO Capital said it Initiates Coverage on Comtech Telecomm. Corp., according to a research note issued on Jun 20, 2016. The shares have been rated ‘Outperform’ by the firm.

Comtech Telecomm. Corp. (CMTL) shares turned negative on Thursdays trading session with the shares closing down -0.04 points or -0.29% at a volume of 2,19,274. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $13.8399. The peak price level was also seen at $13.8399 while the days lowest was $13.6. Finally the shares closed at $13.7. The 52-week high of the shares is $29.31 while the 52-week low is $11.24. According to the latest information available, the market cap of the company is $222 M.

Comtech Telecomm. Corp.(CMTL) last announced its earnings results on Jun 8, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $124.19M. Analysts had an estimated revenue of $131.40M. Earnings per share were $-0.89. Analysts had estimated an EPS of $-1.71.

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.

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