Comtech Telecom (CMTL) Announces New $100M Share Buyback
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Comtech Telecommunications Corp. Announces New $100.0 Million Stock Repurchase Program
September 29, 2020 4:03 PM EDTMELVILLE, N.Y.--(BUSINESS WIRE)-- September 29, 2020-- Comtech Telecommunications Corp. (NASDAQ: CMTL) today announced that its Board of Directors has authorized a new $100.0 million share repurchase program pursuant to which the Company may repurchase shares of its common stock from time to time in open market transactions at prevailing market prices, in privately negotiated transactions, or by other means in accordance with federal securities laws.
Authorizing the use of our strong balance sheet for share repurchases demonstrates our confidence in the underlying value of our stock and our commitment to providing long-term... More
