Comtech Telecommunications (NASDAQ:CMTL) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Comtech Telecommunications (NASDAQ:CMTL) posted its quarterly earnings data on Wednesday. The communications equipment provider reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.01), Zacks reports. Comtech Telecommunications had a negative return on equity of 8.76% and a negative net margin of 48.97%.

Comtech Telecommunications Trading Up 5.4 %

Comtech Telecommunications stock traded up $0.11 during midday trading on Wednesday, hitting $2.13. The stock had a trading volume of 775,759 shares, compared to its average volume of 995,624. Comtech Telecommunications has a 52-week low of $1.53 and a 52-week high of $5.76. The company has a market capitalization of $62.13 million, a PE ratio of -0.22 and a beta of 1.55. The firm’s fifty day moving average is $2.48 and its two-hundred day moving average is $3.17.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Comtech Telecommunications to a “sell” rating in a research note on Thursday, January 2nd.

Comtech Telecommunications Company Profile

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.