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CMTL

Comtech

$12.66

0.03 (0.24%)

17:41
10/06/16
10/06
17:41
10/06/16
17:41

Comtech sees FY17 GAAP EPS approximately 30c, consensus 23c

Sees FY17 revenue approximately $600M, consensus $638.88M. FY17 Adjusted EBITDA goal of approximately $70M. The company's effective income tax rate (excluding discrete tax items in fiscal 2017) is expected to approximate 33.0%. Based on the anticipated timing of shipments and performance related to orders currently in backlog as well as expected orders, the Company anticipates its financial performance to be heavily weighted toward the second half of fiscal 2017 with fourth quarter net sales, operating income and Adjusted EBITDA expected to be the peak quarter, by far. As a result, the Company expects to report an operating loss in the first quarter of fiscal 2017 with each of the subsequent fiscal 2017 quarters being profitable.

  • 07

    Oct

CMTL Comtech
$12.66

0.03 (0.24%)

06/20/16
BMOC
06/20/16
INITIATION
Target $19
BMOC
Outperform
Comtech initiated with an Outperform at BMO Capital
BMO Capital analyst Timothy Long initiated Comtech with an Outperform and price target of $19.
07/06/16
NORL
07/06/16
INITIATION
Target $20
NORL
Outperform
Comtech initiated with an Outperform at Northland
Target $20.
07/22/16
LTCO
07/22/16
INITIATION
Target $19
LTCO
Buy
Comtech initiated with a Buy at Ladenburg
Ladenburg Thalmann analyst Glenn Mattson started Comtech Telecommunications with a Buy rating and $19 price target.
08/24/16
SBSH
08/24/16
INITIATION
SBSH
Neutral
Comtech initiated with a Neutral at Citi
Citi analyst Stanley Kovler started coverage on Comtech with a Neutral rating and $13 price target, saying that the company faces meaningful headwinds in certain mature markets and a challenging overall Army budget but that its high dividend yield makes near-term downside limited.

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