Comtech Telecom (CMTL) Stock Falls 7% Following Q4 Results and CEO Change
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October 6, 2021 5:01 PM EDT
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
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
