Comtech Telecommunications Receives a Buy from Noble Financial

By Austin Angelo

Noble Financial analyst Mark Jordan reiterated a Buy rating on Comtech Telecommunications (NASDAQ: CMTL) on March 10. The company’s shares closed last Friday at $14.35.

According to, Jordan is a 3-star analyst with an average return of 2.9% and a 50.0% success rate. Jordan covers the Services sector, focusing on stocks such as Information Services Group, Salem Communications Corp, and Entercom Communications.

Currently, the analyst consensus on Comtech Telecommunications is Moderate Buy and the average price target is $17, representing a 18.5% upside.

In a report issued on March 9, BMO Capital also reiterated a Buy rating on the stock with a $17 price target.

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 $70.32 million and had a net profit of $2.48 million.

Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CMTL in relation to earlier this year. Most recently, in October 2016, Edwin Kantor, a Director at CMTL sold 3,000 shares for a total of $32,850.

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Comtech Telecommunications Corp. designs, develops, produces and markets 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.