Comtech Telecomm. (CMTL) Issues FY19 Earnings Guidance

Comtech Telecomm. (NASDAQ:CMTL) updated its FY19 earnings guidance on Wednesday. The company provided EPS guidance of $0.89-1.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.75. The company issued revenue guidance of $600-625 million, compared to the consensus revenue estimate of $602.95 million.

A number of research firms have recently commented on CMTL. BidaskClub upgraded shares of Comtech Telecomm. from a sell rating to a hold rating in a report on Wednesday. Zacks Investment Research lowered shares of Comtech Telecomm. from a strong-buy rating to a hold rating in a research note on Friday, August 10th. Noble Financial reaffirmed a buy rating and issued a $34.00 price objective on shares of Comtech Telecomm. in a research note on Thursday, June 7th. Citigroup upped their price objective on shares of Comtech Telecomm. from $33.00 to $34.00 and gave the stock a hold rating in a research note on Friday, June 8th. Finally, BMO Capital Markets upped their price objective on shares of Comtech Telecomm. from $35.00 to $37.00 and gave the stock an outperform rating in a research note on Friday, June 8th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Comtech Telecomm. currently has a consensus rating of Buy and a consensus price target of $33.83.

Shares of Comtech Telecomm. stock traded up $1.77 during midday trading on Wednesday, hitting $36.50. The company had a trading volume of 492,054 shares, compared to its average volume of 160,829. The firm has a market capitalization of $802.88 million, a P/E ratio of 104.21, a PEG ratio of 8.98 and a beta of 1.49. The company has a quick ratio of 1.22, a current ratio of 1.72 and a debt-to-equity ratio of 0.33. Comtech Telecomm. has a 12-month low of $17.11 and a 12-month high of $36.94.

About Comtech Telecomm.

Comtech Telecommunications Corp. designs, develops, produces, and markets products, systems, and services for communications solutions. The company's Commercial Solutions segment provides ground-based equipment, such as single channel per carrier modems and solid state amplifiers that facilitate the transmission of voice, video, and data, as well as offers traveling wave tube amplifiers comprising high power narrow-band amplifiers that are used to amplify signals from satellite earth stations; and safety and security technology solutions that enable 911 c.

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