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CMTL

Comtech

$24.71

0.29 (1.19%)

09:09
01/09/19
01/09
09:09
01/09/19
09:09

Comtech awarded $1M order for satellite modems by U.S. Air Force

Comtech Telecommunications announced that during its second quarter of fiscal 2019, its Tempe, Arizona-based subsidiary, Comtech EF Data Corp., which is part of Comtech's Commercial Solutions segment, received a $1M equipment order from a defense contractor. The equipment will be deployed to support a United States Air Force program. The order specified the DMD1050TS L-Band Satellite Modem Board. The DMD1050TS is Comtech EF Data's latest generation modem board set targeted at critical government and military applications. The product complies with the widest possible range of U.S. Government and commercial standards and is compatible with the largest number of satellite modems in the industry. It is fully compliant with MIL-STD-188-165A, STANAG 4486 Edition 3, and the IESS-315 commercial standards at data rates up to 37 Mbps. Additionally, the DMD1050TS has successfully completed Phase I of Army Forces Strategic Command WGS certification and is scheduled for final Joint SATCOM Engineering Center evaluation.

CMTL Comtech
$24.71

0.29 (1.19%)

03/09/18
BMOC
03/09/18
NO CHANGE
Target $35
BMOC
Outperform
Comtech price target raised to $35 from $26 at BMO Capital
BMO Capital analyst Tim Long raised his price target on Comtech to $35 after the company's Q2 earnings beat and raised FY18 guidance. Long also points to Comtech's backlog reaching "near-record levels", which he sees as particularly impressive in light of management's conservative exclusion of unfunded contracts. The analyst keeps his Outperform rating, also anticipating Comtech's return to growth in the government business.
05/17/18
SBSH
05/17/18
INITIATION
Target $33
SBSH
Neutral
Comtech initiated with a Neutral at Citi
Citi analyst Asiya Merchant started Comtech Telecommunications with a Neutral rating and $33 price target. End market visibility, pricing pressures from end customers and CEO succession plans remain a "viable concern," Merchant tells investors in a research note. Further, the analyst believes the market has already priced in the positives from recent strength in the company's backlog.
05/17/18
05/17/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Costco (COST) initiated with a Buy at Loop Capital. 2. Align Technology (ALGN) initiated with an Outperform at Evercore ISI. 3. Baxter (BAX) assumed with an Overweight at Piper Jaffray. 4. Comtech (CMTL) initiated with a Neutral at Citi. 5. Helius Medical (HSDT) initiated with a Buy at BTIG. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/28/18
BMOC
09/28/18
NO CHANGE
Target $40
BMOC
Outperform
Comtech price target raised to $40 from $37 at BMO Capital
BMO Capital analyst Tim Long raised his price target on Comtech to $40 after its Q4 results, saying the quarter was "mostly positive" in spite of the top-line miss. The analyst points to better than expected earnings and gross margins along with new record highs in backlog, which adds to revenue visibility. Long added that the potential for Comtech to top $1B in sales "highlights strong demand" across its portfolio. The analyst anticipates the company's success in its products, including the "rapidly growing" Heights and BFT2 platforms, to continue into FY19.

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