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Comtech Telecommunications Corp (CMTL.OQ)

CMTL.OQ on NASDAQ Stock Exchange Global Select Market

14.20USD
24 Apr 2017
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Latest Key Developments (Source: Significant Developments)

Comtech Telecommunications says unit awarded five-year contract of $42.7 mln
Thursday, 20 Apr 2017 11:45am EDT 

April 20 (Reuters) - Comtech Telecommunications Corp ::Comtech awarded $42.7 million contract to continue support of the Blue Force Tracking program.U.S. Army placed initial funded order of $3.5 million under contract, co expects to receive additional order to fully fund base year.  Full Article

Comtech Telecommunications Q2 GAAP earnings per share $0.28
Wednesday, 8 Mar 2017 04:18pm EST 

Comtech Telecommunications Corp : Comtech Telecommunications Corp. announces results for the second quarter of fiscal 2017 and updates its fiscal 2017 guidance . Q2 GAAP earnings per share $0.28 . Q2 sales $139 million versus I/B/E/S view $136.1 million . Q2 earnings per share view $-0.11 -- Thomson Reuters I/B/E/S . Sees FY 2017 revenue $570 million to $580 million . Excluding items, Q2 GAAP earnings per share would have been $0.01 . Anticipates net sales in its Q3 of fiscal 2017 to be slightly lower than level it achieved during its Q2 of fiscal 2017 . Company expects its Q4 to be peak quarter of fiscal 2017 in terms of net sales and adjusted EBITDA . Anticipates that adjusted EBITDA in its Q3 of fiscal 2017 will exceed level it achieved in Q2 . Updated its FY 2017 GAAP diluted EPS goal to approximately $0.68 . Expects its Q4 to be "peak quarter" of fiscal 2017 in terms of net sales and adjusted EBITDA .Company has maintained its adjusted EBITDA goal of approximately $70.0 million for fiscal 2017.  Full Article

Comtech Telecom secures $4.5 million agreement for navigation, telematics services
Wednesday, 1 Mar 2017 01:00pm EST 

Comtech Telecommunications Corp : Comtech Telecommunications Corp. secures $4.5 million agreement for navigation and telematics services .Received a $4.5 million multi-year contract agreement from a mobile network operator in Republic Of China.  Full Article

Comtech Telecommunications wins contract worth $2 mln
Thursday, 16 Feb 2017 10:00am EST 

Comtech Telecommunications Corp : Comtech telecommunications corp. awarded $2.0 million HPA contract .Received contract from a U.S. military integrator to supply high-power amplifiers for satellite communications.  Full Article

Comtech reports Q1 GAAP loss per share of $0.11
Wednesday, 7 Dec 2016 04:42pm EST 

Comtech Telecommunications Corp : Comtech telecommunications corp - confirmed its fiscal 2017 guidance . Comtech telecommunications corp - bookings of approximately $113.7 million during q1 of fiscal 2017 . Fy2017 earnings per share view $0.29, revenue view $597.3 million -- Thomson Reuters I/B/E/S . Comtech telecommunications corp - backlog as of october 31, 2016 was $461.9 million . Comtech telecommunications corp. Announces results for first quarter of fiscal 2017 and confirms its fiscal 2017 guidance . Q1 gaap loss per share $0.11 . Q1 sales $135.8 million versus i/b/e/s view $139.1 million .Q1 earnings per share view $-0.16 -- Thomson Reuters I/B/E/S.  Full Article

Comtech Telecommunications Q4 GAAP earnings per share $0.14
Thursday, 6 Oct 2016 05:30pm EDT 

Comtech Telecommunications Corp : Comtech Telecommunications Corp. announces results for fiscal 2016 fourth quarter and full year and provides fiscal 2017 guidance . Q4 sales $152.4 million versus I/B/E/S view $165.3 million . Comtech Telecommunications Corp says GAAP diluted EPS goal of approximately $0.30 for 2017 . Comtech Telecommunications Corp says backlog as of July 31, 2016 was $484.0 million . Bookings of approximately $202.8 million during Q4 of fiscal 2016 . Q4 GAAP earnings per share $0.14 . Q4 earnings per share view $-0.17 -- Thomson Reuters I/B/E/S . Comtech Telecommunications Corp says revenue goal of approximately $600.0 million for 2017 . Expects to report an operating loss in Q1 of fiscal 2017 with each of subsequent fiscal 2017 quarters being profitable .Fiscal 2017 targets reflect costs associated with Sept 2016 leadership changes, as well as expected legal expenses.  Full Article

Comtech:Fred Kornberg returns to CEO role
Thursday, 29 Sep 2016 04:01pm EDT 

Comtech Telecommunications Corp : Comtech Telecommunications Corp. announces Fred Kornberg's return to ceo role, names new coo hire and other management changes . Current ceo, president, Stanton Sloane, is departing company and also resigning from Comtech's board of directors .Michael Galletti has been appointed to newly created role of chief operating officer.  Full Article

Comtech Telecommunications to offer up to $100 mln of shares - filing
Monday, 13 Jun 2016 06:39am EDT 

Comtech Telecommunications Corp :Files for common stock offering of up to $100.0 million of shares - sec filing.  Full Article

Comtech Telecommunications posts q3 loss per share $0.89
Wednesday, 8 Jun 2016 05:16pm EDT 

Comtech Telecommunications Corp : Comtech Telecommunications Corp announces results for the third quarter of fiscal 2016 and provides updated financial guidance . Q3 GAAP loss per share $0.89 . Q3 sales $124.2 million versus $71.6 million . Sees FY 2016 revenue $425 million to $435 million . Expects GAAP diluted EPS for fiscal 2016 will range from a loss of $0.90 to a loss of $0.81 . Targeting fiscal 2017 adjusted EBITDA to range from $70.0 million to $80.0 million . Backlog as of April 30, 2016 was $433.6 million compared to $92.6 million as of January 31, 2016 . Total bookings for three months ended April 30, 2016 $139.2 million compared to $72.2 million for three months ended April 30, 2015 .Says company is on track to deliver an annual run-rate of cost synergies of at least $8.0 million in FY.  Full Article

Comtech Telecommunications Corp awarded $20.0 million in orders to support the U.S. army's blue force tracking program
Monday, 25 Apr 2016 10:00am EDT 

Comtech Telecommunications Corp:Awarded $20.0 million in orders to support the U.S. army's blue force tracking program.  Full Article

More From Around the Web

BRIEF-Comtech Telecom secures $4.5 million agreement for navigation, telematics services

* Comtech Telecommunications Corp. secures $4.5 million agreement for navigation and telematics services