Comtech Telecommunications Corp. Reports Strong Results for Fourth Quarter and Fiscal 2021 and Provides Initial Financial Targets for Fiscal 2022

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Go back to Comtech Telecommunications Corp. Reports Strong Results for Fourth Quarter and Fiscal 2021 and Provides Initial Financial Targets for Fiscal 2022

Comtech Telecom (CMTL) PT Lowered to $35 at Jefferies

October 5, 2021 9:09 AM EDT

Jefferies analyst George Notter lowered the price target on Comtech Telecom (NASDAQ: CMTL) to $35.00 (from $36.00) while maintaining a Buy rating.

The analyst commented, "July results looked solid considering remaining COVID-related impacts on the international side of the business and headwinds from US troop withdrawals... More

Comtech Telecom (CMTL) Misses Q4 EPS by 1c

October 4, 2021 4:03 PM EDT

Comtech Telecom (NASDAQ: CMTL) reported Q4 EPS of $0.23, $0.01 worse than the analyst estimate of $0.24. Revenue for the quarter came in at $145.8 million versus the consensus estimate of $149.66 million.

GUIDANCE:

Comtech Telecom sees FY2022 revenue of $580-600 million, versus the consensus... More