Stock of The Day: Comtech Telecomm. Corp. Just Recorded A Sigfniciant Decline

Stock of The Day: Comtech Telecomm. Corp. Just Recorded A Sigfniciant Decline

The stock of Comtech Telecomm. Corp. (NASDAQ:CMTL) is a huge mover today! The stock decreased 2.44% or $0.32 during the last trading session, hitting $12.81. About 523,324 shares traded hands or 171.26% up from the average. Comtech Telecomm. Corp. (NASDAQ:CMTL) has declined 37.66% since February 29, 2016 and is downtrending. It has underperformed by 48.09% the S&P500.
The move comes after 8 months negative chart setup for the $296.87 million company. It was reported on Oct, 1 by Barchart.com. We have $11.02 PT which if reached, will make NASDAQ:CMTL worth $41.56M less.

Comtech Telecomm. Corp. (NASDAQ:CMTL) Ratings Coverage

Out of 5 analysts covering Comtech Telecomm. Corp. (NASDAQ:CMTL), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. Comtech Telecomm. Corp. has been the topic of 6 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The company was upgraded on Monday, August 10 by Zacks. The company was initiated on Tuesday, August 2 by Jefferies. Citigroup initiated the shares of CMTL in a report on Wednesday, August 24 with “Neutral” rating. The stock of Comtech Telecomm. Corp. (NASDAQ:CMTL) earned “Outperform” rating by BMO Capital Markets on Monday, June 20. The rating was downgraded by TheStreet to “Hold” on Friday, October 16. On Friday, July 22 the stock rating was initiated by Ladenburg Thalmann with “Buy”.

According to Zacks Investment Research, “Comtech Telecommunications Corp. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. The Company believes many of its solutions play a vital role in providing or enhancing communication capabilities when terrestrial communications infrastructure is unavailable or ineffective. The Company conducts business through three complementary segments: telecommunications transmission, mobile data communications and RF microwave amplifiers. The Company sells products to a diverse customer base in the global commercial and government communications markets. The Company believes it is a market leader in the market segments that it serves.”

Insitutional Activity: The institutional sentiment decreased to 1.88 in 2016 Q2. Its down 0.15, from 2.03 in 2016Q1. The ratio turned negative, as 15 funds sold all Comtech Telecomm. Corp. shares owned while 28 reduced positions. 33 funds bought stakes while 48 increased positions. They now own 19.76 million shares or 52.85% more from 12.93 million shares in 2016Q1.
Pnc Financial Grp owns 123 shares or 0% of their US portfolio. New York State Teachers Retirement Systems owns 61,024 shares or 0% of their US portfolio. Hancock Holdings, a Mississippi-based fund reported 35,590 shares. Penn Capital Mgmt Com reported 60,153 shares or 0.04% of all its holdings. The New York-based Springbok Mgmt has invested 0.01% in Comtech Telecomm. Corp. (NASDAQ:CMTL). Quantitative Systematic Strategies Ltd owns 14,377 shares or 0.08% of their US portfolio. Deutsche Bank Ag last reported 0% of its portfolio in the stock. American Interest Group has invested 0% of its portfolio in Comtech Telecomm. Corp. (NASDAQ:CMTL). Dean Capital Mngmt reported 132,957 shares or 2.34% of all its holdings. Blackrock Invest Management Ltd Liability accumulated 0% or 79,656 shares. Moreover, Barclays Public Ltd Co has 0% invested in Comtech Telecomm. Corp. (NASDAQ:CMTL) for 4,318 shares. D E Shaw & has 57,958 shares for 0% of their US portfolio. The New Jersey-based Jacobs Levy Equity has invested 0.01% in Comtech Telecomm. Corp. (NASDAQ:CMTL). Profit Inv Management Llc holds 0.5% of its portfolio in Comtech Telecomm. Corp. (NASDAQ:CMTL) for 48,252 shares. Levin Capital Strategies Limited Partnership reported 10,000 shares or 0% of all its holdings.

More notable recent Comtech Telecomm. Corp. (NASDAQ:CMTL) news were published by: Finance.Yahoo.com which released: “Comtech Telecommunications Corp. Announces Fred Kornberg’s Return to CEO Role …” on September 29, 2016, also Finance.Yahoo.com with their article: “Comtech Telecommunications Corp. to Report Fiscal 2016 Fourth Quarter and Full …” published on September 29, 2016, Finance.Yahoo.com published: “Comtech Telecommunications Corp. Receives $1.4 Million Order for Location …” on September 22, 2016. More interesting news about Comtech Telecomm. Corp. (NASDAQ:CMTL) were released by: Businesswire.com and their article: “Comtech Telecommunications Corp. to Acquire TeleCommunication Systems, Inc …” published on November 23, 2015 as well as Businesswire.com‘s news article titled: “Comtech Telecommunications Corp. Awarded $11.8 Million Order for Solid-State …” with publication date: June 29, 2016.

CMTL Company Profile

Comtech Telecommunications Corp. (Comtech), incorporated on December 30, 1986, designs, develops, produces and markets products, systems and services for advanced communications solutions. The Firm operates through three divisions: telecommunications transmission, RF microwave amplifiers and mobile data communications. The Firm sells its products to customer base in the global commercial and government communications markets.

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