Form 8-K COMTECH TELECOMMUNICATIO For: Dec 09

Go back to Form 8-K COMTECH TELECOMMUNICATIO For: Dec 09

Noble Financial Affirms Comtech (CMTL) at 'Buy' Following Light Q1 Results, Reaffirmed Guidance

December 10, 2015 11:59 AM EST

Noble Financial affirms Comtech Telecommunications (Nasdaq: CMTL) with a Buy rating and $33 price target following Q1 results issued Wednesday night.

Analyst Mark Jordan noted the following:

First fiscal quarter (October) earnings of $0.09 versus $0.32 included $0.06 per share of acquisition expense primarily related to... More