Comtech Telecom (CMTL) Declares $0.10 Quarterly Dividend; 1.6% Yield

Comtech Telecom (CMTL) Issues Statement Following Letter From Outerbridge Capital Management LLC

Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, today confirmed receipt of a letter from Outerbridge Capital Management LLC.

The Company issued the following statement:

Comtech maintains regular dialogue with investors, and we are focused on executing our strategic plan to create long-term value for shareholders and all stakeholders. While we disagree with Outerbridges assessment... More

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

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

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

Comtech Telecom (CMTL) Awarded $125 Million Contract for Cyber Training

Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, announced today, that during its first quarter of fiscal 2022, it was awarded a five-year single award Indefinite Delivery Indefinite Quantity (IDIQ) contract renewal with Firm Fixed Price (FFP) and Time and Materials (T&M) delivery orders valued at approximately $125 million from the Federal Government for the Joint... More