BMO Capital Cuts Price Target on Comtech Telecom (CMTL) to $16 Following 1Q
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Comtech Telecommunications Corp. Declares $0.10 Per Share Quarterly Cash Dividend
December 7, 2016 4:17 PM ESTMELVILLE, N.Y.--(BUSINESS WIRE)-- December 7, 2016-- Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today that its Board of Directors completed its previously announced assessment of capital needs and dividends and declared a quarterly cash dividend of $0.10 per share, payable on February 17, 2017, to shareholders of record at the close of business on January 18,... More
Comtech Telecommunications Corp. Announces Results for First Quarter of Fiscal 2017 and Confirms Its Fiscal 2017 Guidance
December 7, 2016 4:16 PM ESTMELVILLE, N.Y.--(BUSINESS WIRE)-- December 7, 2016--Comtech Telecommunications Corp. (NASDAQ: CMTL) today reported its operating results for the first quarter ended October 31, 2016 and confirmed its fiscal 2017 guidance.
Fiscal 2017 First Quarter Highlights
Net sales for the three months ended October 31, 2016 were $135.8 million compared to $64.1 million for the three months ended October 31, 2015. The period-over-period increase in net sales reflects incremental sales of approximately $78.0 million as a result of the February 23, 2016 acquisition of TeleCommunication Systems, Inc. ("TCS"), partially offset by lower sales of legacy Comtech products. Backlog as... MoreComtech Telecommunications Corp. Announces Additional Deployment of Text Messaging to 9-1-1 Across U.S.
December 6, 2016 3:00 PM ESTMELVILLE, N.Y.--(BUSINESS WIRE)-- December 6, 2016--Comtech Telecommunications Corp. (Nasdaq: CMTL) announced today that its Commercial Solutions segment recently enabled Text-to-9-1-1 functionality in an additional twenty-eight 9-1-1 Public Safety Answering Points (PSAPs) across 14 states. Comtechs efforts to simplify the deployment of Text-to-9-1-1 continue to accelerate the adoption by PSAPs interested in receiving Text-to-9-1-1 messages. Comtech now provides Text-to-9-1-1 to over 900 PSAPs across the U.S., with over 100... More
