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CMTL

Comtech

$26.37

0.66 (2.57%)

09:06
02/13/19
02/13
09:06
02/13/19
09:06

Comtech receives $1.8M delivery order for satellite Earth station equipment

Comtech Telecommunications announced that during Q2, its Tempe, Arizona-based subsidiary, Comtech EF Data, which is part of Comtech's Commercial Solutions segment, received a delivery order in support of the recently awarded contract from the U.S. Naval Warfare Systems Command. This latest delivery order, against the $59M indefinite delivery/indefinite quantity contract, is for $1.8M. The delivery order specified Comtech EF Data's SLM-5650B Satellite Modems and firmware upgrades. The SLM-5650B Satellite Modem is Comtech EF Data's latest generation modem product targeted for critical government and military applications. The SLM-5650B leverages the heritage and feature set of the SLM-5650A modem. The SLM-5650B supports backwards compatibility/inter-operability for existing SLM-5650A networks while providing enhanced performance and an expanded feature set. The commercially available modems will support satellite communications and interoperability across the Navy's platforms and shore sites.

CMTL Comtech
$26.37

0.66 (2.57%)

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.

TODAY'S FREE FLY STORIES

SXCP

SunCoke Energy Partners

$14.85

0.37 (2.56%)

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SXC

SunCoke Energy

$10.32

0.25 (2.48%)

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SXC

SunCoke Energy

$10.32

0.25 (2.48%)

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DNOW

NOW Inc.

$15.86

0.57 (3.73%)

16:43
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EFC

Ellington Financial

$17.15

-0.06 (-0.35%)

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IVR

Invesco Mortgage

$15.88

-0.1 (-0.63%)

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HTGM

HTG Molecular

$2.39

-0.15 (-5.91%)

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TMO

Thermo Fisher

$252.07

1.295 (0.52%)

16:40
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Periodicals
Thermo Fisher halts sale of genetic sequencers to Xinjiang area, WSJ says »

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HLIT

Harmonic

$5.32

-0.03 (-0.56%)

16:40
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CDE

Coeur Mining

$5.55

0.045 (0.82%)

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Coeur Mining sees FY19 gold output 334K-372K oz vs 359.5K oz in FY18 »

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VEAC

Vantage Energy Acquisition

$10.15

-0.01 (-0.10%)

16:40
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TMST

TimkenSteel

$12.34

-0.08 (-0.64%)

16:38
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Hot Stocks
Breaking Hot Stocks news story on TimkenSteel »

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Y

Alleghany

$650.80

(0.00%)

16:37
02/20/19
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Earnings
Alleghany reports Q4 operating EPS ($4.35), consensus ($5.31) »

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16:37
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General news
API crude inventories for week of February 15 »

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TMST

TimkenSteel

$12.34

-0.08 (-0.64%)

16:37
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Breaking Hot Stocks news story on TimkenSteel »

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KALU

Kaiser Aluminum

$109.77

2.16 (2.01%)

16:37
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CDE

Coeur Mining

$5.55

0.045 (0.82%)

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JKHY

Jack Henry

$132.86

-0.03 (-0.02%)

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TMST

TimkenSteel

$12.34

-0.08 (-0.64%)

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Earnings
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KALU

Kaiser Aluminum

$109.77

2.16 (2.01%)

16:35
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Earnings
Kaiser Aluminum reports Q4 EPS $1.77, consensus $1.54 »

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  • 21

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CDE

Coeur Mining

$5.55

0.045 (0.82%)

16:34
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Earnings
Coeur Mining reports Q4 EPS 8c, consensus (11c) »

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BSQR

Bsquare Corp

$2.18

(0.00%)

16:34
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SVM

Silvercorp Metals

$2.57

0.05 (1.98%)

16:34
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SRC

Spirit Realty

$39.34

-0.48 (-1.21%)

16:34
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Earnings
Spirit Realty sees FY19 AFFO $3.32-$3.38, consensus $3.39 »

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