Comtech Telecommunications (NASDAQ:CMTL) Posts Quarterly Earnings Results, Misses Expectations By $0.88 EPS

Posted by Paula Ricardo on Jan 13th, 2025

Comtech Telecommunications (NASDAQ:CMTL – Get Free Report) released its quarterly earnings results on Monday. The communications equipment provider reported ($1.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.88), Zacks reports. Comtech Telecommunications had a negative net margin of 18.50% and a positive return on equity of 2.38%.

Comtech Telecommunications Stock Performance

Shares of CMTL stock opened at $4.13 on Monday. Comtech Telecommunications has a 52 week low of $1.53 and a 52 week high of $8.18. The firm’s 50-day simple moving average is $3.43 and its two-hundred day simple moving average is $3.46. The firm has a market cap of $120.29 million, a price-to-earnings ratio of -0.88 and a beta of 1.52. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.83.

Wall Street Analyst Weigh In

Several research firms have commented on CMTL. StockNews.com raised shares of Comtech Telecommunications to a “sell” rating in a research report on Thursday, January 2nd. B. Riley dropped their price target on Comtech Telecommunications from $12.25 to $9.25 and set a “buy” rating on the stock in a report on Monday, November 4th.

Check Out Our Latest Stock Report on Comtech Telecommunications

Comtech Telecommunications Company Profile

(Get Free Report)

Comtech Telecommunications Corp., together with its subsidiaries, engages in the provision of next-gen telecommunication solutions in the United States and internationally. The company’s Satellite and Space Communications segment offers satellite ground station technologies, services and system integration that facilitates the transmission of voice, video, and data over GEO, MEO and LEO satellite constellations, including solid-state and traveling wave tube power amplifiers, modems, VSAT platforms, and frequency converters; and satellite communications and tracking antenna systems, including high precision full motion fixed and mobile X/Y tracking antennas, RF feeds, reflectors, and radomes.