BMO Capital Sticks to Its Buy Rating for Comtech Telecommunications

By Jason Carr

In a report released today, Tim Long from BMO Capital reiterated a Buy rating on Comtech Telecommunications (NASDAQ: CMTL), with a price target of $17. The company’s shares opened today at $15.15.

According to, Long is a 5-star analyst with an average return of 15.7% and a 69.4% success rate. Long covers the Technology sector, focusing on stocks such as Brocade Communication Systems Inc, Hewlett Packard Enterprise, and Riverbed Technology.

Comtech Telecommunications has an analyst consensus of Moderate Buy, with a price target consensus of $14.75.

Based on Comtech Telecommunications’ latest earnings report for the quarter ending January 31, the company posted quarterly revenue of $139 million and quarterly net profit of $6.59 million. In comparison, last year the company earned revenue of $124 million and had a GAAP net loss of $14.36 million.

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Comtech Telecommunications Corp. engages in the design, development, production and market products, systems and services for advanced communications solutions. It operates through the following segments: Telecommunications Transmission, RF Microwave Amplifiers, and Mobile Data Communications. The Telecommunications Transmission segment provides equipment and systems that are used to enhance satellite transmission efficiency and that enable wireless communications in environments where terrestrial communications are unavailable, inefficient or too expensive. The RF Microwave Amplifiers segment designs, develops, manufactures and markets satellite earth station traveling wave tube amplifiers and solid-state power amplifiers including high-power, narrow and broadband RF microwave amplifier products. The Mobile Data Communications segment provides customers with integrated solutions to enable global, satellite-based communications when mobile, real-time, secure transmission is required. The company was founded in 1967 and is headquartered in Melville, NY.