Comtech Telecommunications

Comtech Telecommunications Corp. engages in the provision of emergency systems and wireless and satellite communications. It operates through Satellite and Space Communication and Terrestrial and Wireless Networks segments. The Satellite and Space Communication segment offers satellite ground station technologies, services and system integration that facilitate the transmission of voice, video, and data over GEO, MEO, and LEO satellite constellations, including solid-state and traveling wave tube power amplifiers, modems, VSAT platforms and frequency converters. The Terrestrial and Wireless Networks segment provides SMS Text to 911 services, providing alternate paths for individuals who need to request assistance (via text messaging) method to reach Public Safety Answering Points. The company was founded in 1967 and is headquartered in Melville, NY.

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Comtech reports sequential revenue and EBITDA growth, anticipates improved margins

Comtech's Q3 performance showed revenue and adjusted EBITDA improvement, with a focus on meeting or exceeding guidance. While facing challenges in lower margin backlog, the company is optimistic about better margins in fiscal year 2024 and anticipates stronger bookings profile in Q4, particularly with U.S. government spending.

Comtech Telecommunications reports strong Q2 earnings and innovation focus

Comtech Telecommunications delivered strong Q2 2023 results, focusing on operational efficiency, innovation, and profitability. While supply chain challenges persist, the company is effectively managing a backlog above $700 million.
Strategic initiatives like EVOKE and One Comtech transformation are driving growth and enhancing decision-making. The decision to forego a common stock dividend showcases a commitment to long-term success and financial flexibility.
With a proactive approach to expanding margins, reducing leverage, and investing in growth opportunities, Comtech is well-positioned for future success. Leveraging its strong government relationships and innovation focus, the company aims to drive sustained growth.

Comtech reports strong Q3 earnings, eyes margin improvement strategies

Comtech's Q3 performance showed growth in net sales and bookings, meeting investor guidance.
The company is focused on margin improvement through supply chain optimization and cost reduction plans.
Strategic technology investments and emerging contracts present opportunities for revenue growth.
Challenges include managing backlog, cash flow, and addressing analyst inquiries on margins.

Comtech Telecommunications excels in Q4, eyes growth amid challenges

Comtech Telecommunications delivered strong financial results in Q4 2023, driven by revenue growth, margin expansion, and major contract wins, showcasing operational excellence and strategic success.
While facing challenges such as market volatility and margin improvement targets, Comtech's focus on innovation, efficiency, and customer-centric solutions positions it well for future growth and value creation.
With a clear roadmap for growth, ongoing transformation initiatives, and a commitment to shareholder value, Comtech is poised to capitalize on opportunities and navigate challenges in the evolving telecommunications landscape.

Comtech Telecommunications reports strong Q1 earnings and strategic wins

Comtech Telecommunications reported strong financial performance with revenue growth, positive operating income, and notable contract wins, reflecting progress in the One Comtech transformation.
The company's focus on operational enhancements, financial management, and strategic decisions positions it well for growth opportunities in the telecommunications sector.
While facing challenges in refinancing and operational integration, Comtech can leverage opportunities in next-gen 911 services, strategic wins, and financial optimization for sustained growth.
Overall, Comtech's Q1 2024 earnings call highlights its competitive positioning, growth potential, and strategic initiatives to drive performance and capitalize on market opportunities.

Comtech Telecommunications reports growth in Q2 2024 earnings and contract wins

Comtech Telecommunications delivered a solid performance in Q2 2024, with improved net sales and adjusted EBITDA, driven by operational enhancements and key contract wins. Despite challenges in net sales timing, the company remains optimistic about its financial outlook for fiscal 2024, supported by a strong backlog and revenue visibility.

Comtech Completes Refinancing, Focuses on Operational Efficiency

Comtech Telecommunications has navigated a challenging quarter with a strategic refinancing that positions it for future stability and growth. Despite a dip in net sales, the company's leadership is optimistic about resolving production and supply chain issues and capitalizing on substantial contracts to drive performance improvements.

Comtech Telecommunications faces Q4 challenges, eyes profitable growth strategies

Comtech Telecommunications Corp. faced challenges in Q4 2024 due to margin pressures and delayed military sales orders, prompting a transformation strategy for profitable growth.
Despite these challenges, the company achieved a record funded backlog and made progress in reducing unbilled receivables, reflecting strong demand and improved financial management.
Opportunities exist in transitioning development projects into production, streamlining operations, and identifying strategic alternatives for the terrestrial business to enhance profitability and efficiency.
Emphasis on transparency through Q&A sessions and operational improvements signal a proactive approach to addressing investor concerns and driving sustainable growth.

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Comtech Telecommunications Corp. engages in the provision of emergency systems and wireless and satellite communications. It operates through Satellite and Space Communications and Terrestrial and Wireless Networks segments. The Satellite and Space Communication segment offers satellite ground station technologies, services and system integration that facilitate the transmission of voice, video, and data over GEO, MEO, and LEO satellite constellations, including solid-state and traveling wave tube power amplifiers, modems, VSAT platforms and frequency converters. The Terrestrial and Wireless Networks segment provides SMS Text to 911 services, providing alternate paths for individuals who need to request assistance method to reach Public Safety Answering Points. The company was founded in 1967 and is headquartered in Chandler, AZ.

MELVILLE, N.Y.--(BUSINESS WIRE)--February 10, 2021-- Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today that it will present at Citi's 2021 Global Industrials Virtual Conference on Tuesday, February 16, 2021 at 3:30 pm ET. Comtech management will provide an overview of the Company and its business opportunities. A webcast of the presentation will be available on Comtech's website at www.comtechtel.com. The webcast is expected to be archived on Comtech's website for a limited time f

Comtech Telecommunications Corp. to Present at Citi's 2021 Global Industrials Virtual Conference

MELVILLE, N.Y.--(BUSINESS WIRE)--February 10, 2021-- Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today that its Santa Clara, California-based subsidiary, Comtech Xicom Technology, Inc., a world leader in high-power amplifiers, has received a follow-on order for $1.6 million for Ka-band Solid-State Power Amplifiers (“SSPAs”) that use state-of-the-art Gallium Nitride (“GaN”) technology for an In-Flight Connectivity (“IFC”) application. "We continue to expand in the SSPA market with

Comtech Telecommunications Corp. Awarded $1.6 Million Follow-on Amplifier Order for In-Flight Connectivity

MELVILLE, N.Y.--(BUSINESS WIRE)--February 9, 2021-- Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today, that during its second quarter of fiscal year 2021, its Mission-Critical Technologies group, which is part of Comtech's Government Solutions segment, was awarded a contract valued up to $235.7 million to provide the U.S. Army with ongoing system refurbishments, sustainment services and baseband equipment. This effort will support the sustainment of the Army's AN/TSC-198 Secret In

Comtech Awarded $235.7 Million Contract from the U.S. Army

Comtech Telecommunications Corp's (NASDAQ: CMTL) California-based subsidiary, Comtech Xicom Technology, secured a multi-million-dollar contract from the U.S. military for the manufacture of 190W Q-band amplifiers. “As a leader in high-power millimeter wave technology, Comtech Xicom has the broadest experience in both Q-band and V-band technology,” said Comtech Telecommunications Corp CEO Fred Kornberg.

Comtech Telecom Bags Multi-Million US Military Dollar Contract To Manufacture 190W Q-Band Amplifiers

MELVILLE, N.Y.--(BUSINESS WIRE)--February 8, 2021-- Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today, that during its second quarter of fiscal year 2021, its Santa Clara, California-based subsidiary, Comtech Xicom Technology, Inc., a world leader in high-power amplifiers, was awarded a multi-million dollar contract to develop and manufacture 190W Q-band amplifiers for the U.S. military. “We are especially proud to have been selected for the development of a new Q-band amplifier t

Comtech Telecommunications Corp. Awarded Multi-Million Dollar U.S. Military Contract

ComTech's deal with Israel-based Gilat Satellites fell through, and it had to write a $70 million check to Gilat for the pleasure of agreeing to terminate the deal. That said, the company is up some 50% since my last article and buy-rating on CMTL last October. Not too bad.

ComTech: Growth By Acquisition Proves Elusive

MELVILLE, N.Y.--(BUSINESS WIRE)--February 2, 2021-- Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today, that during its second quarter of fiscal year 2021, its Mission-Critical Technologies group's Space & Component Technology Division, which is part of Comtech's Government Solutions segment, definitized a $10.4 million award from a U.S. military service branch. The order represents the first phase of a multi antenna program that consists of multiple full-motion large aperture

Comtech Telecommunications Corp. Awarded $10.4 Million U.S. Military Contract for Full Motion Tracking Systems

MELVILLE, N.Y.--(BUSINESS WIRE)--January 28, 2021-- Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today, that during its second quarter of fiscal 2021, its Tempe, Arizona-based subsidiary, Comtech EF Data Corp., which is part of Comtech's Commercial Solutions segment, was awarded an $11.4 million delivery order in support of a previously announced $58.8 million indefinite delivery/indefinite quantity (“IDIQ”) contract from the U.S. Naval Information Warfare Systems Command. Funded o

Comtech Telecommunications Corp. Awarded $11.4 Million Delivery Order for Satellite Earth Station Equipment

Comtech's (CMTL) arm secures $2.9 million deal for the deployment of Next Generation 911 services to the Toronto Police for an enhanced public safety infrastructure.

Comtech (CMTL) Unit Wins $2.9M NG911 Deal From Toronto Police

MELVILLE, N.Y.--(BUSINESS WIRE)--January 19, 2021--Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today, that during its second quarter of fiscal 2021, Comtech Solacom Technologies, Inc., a division of Comtech's Commercial Solutions segment, was awarded a Next Generation 911 (“NG911”) services contract to provide its Guardian call handling solution to the Toronto Police Service, supporting the largest 9-1-1 center in Canada and one of the largest cities in North America. Toronto is t

Comtech Awarded Toronto Police Contract Valued at $2.9 Million for Next Generation 911

MELVILLE, N.Y.--(BUSINESS WIRE)--January 15, 2021-- Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today that it will present at NobleCon17, Noble Capital Markets' Seventeenth Annual Investor Conference on Tuesday, January 19, 2021 at 1:30 pm EST. Comtech management will be available to provide an overview of the Company and its business opportunities. The conference is virtual, with no cost, obligation or restrictions to attend: www.noblecon17.com. A high-definition, video webcast o

Comtech Telecommunications Corp. to Participate in NobleCon17 Virtual Investor Conference

MELVILLE, N.Y.--(BUSINESS WIRE)--January 13, 2021--Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today that it will present at the Sidoti Virtual Investor Conference on Thursday, January 14, 2021 at 9:15 am ET. Comtech management will provide an overview of the Company and its business opportunities. The Company will also conduct virtual one-on-one meetings with investors throughout the day. A webcast of the presentation will be available on Comtech's website at www.comtechtel.com.

Comtech to Present at Sidoti Virtual Investor Conference

Comtech's (CMTL) unit signs $1.6 million renewal agreement with a tier-one U.S.-based mobile operator to provide the latter with hosted location-based services platforms.

Comtech (CMTL) Arm Inks $1.6M Deal Renewal, Spurs Location Services

MELVILLE, N.Y.--(BUSINESS WIRE)--January 12, 2021-- Comtech Telecommunications Corp. (NASDAQ: CMTL), a world leader in secure and highly reliable location, public safety, navigation, and communication technologies, announced today, that during its second quarter of fiscal 2021, its Location Technologies group, a division of Comtech's Commercial Solutions segment, has finalized a one-year renewal agreement with a tier-one U.S. mobile network operator for hosted location-based services (“LBS”) pl

Comtech Announces a Contract Renewal Worth $1.6 Million with a Tier-One U.S. Mobile Network Operator

Comtech's (CMTL) subsidiary clinches a $2.7 million contract from an international oil and gas company for supplying its software-defined CS67PLUS troposcatter radio/modem.

Comtech (CMTL) Unit Wins $2.7M Deal for CS67PLUS Troposcatter

MELVILLE, N.Y.--(BUSINESS WIRE)--January 4, 2021-- Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today, that during its second quarter of fiscal 2021, its Orlando, Florida-based subsidiary, Comtech Systems, Inc., which is part of Comtech's Government Solutions segment, was awarded a $2.7 million order from a major international oil and gas company. Comtech is to provide the first over-the-horizon system for a floating liquefied natural gas facility (“FLNG”), utilizing Comtech System

Comtech Telecommunications Corp. Awarded $2.7 Million Over-the-Horizon System CS67PLUS Troposcatter Radio/Modem Order from Major International Oil Company

Comtech (CMTL) and UHP Networks unanimously extend the time period related to the latter's acquisition agreement. The transaction has been extended till Feb 28, 2021.

Comtech (CMTL) Revises Term for UHP's Acquisition Contract

MELVILLE, N.Y.--(BUSINESS WIRE)--December 30, 2020 -- Comtech Telecommunications Corp. (“Comtech”) (NASDAQ: CMTL) reported today that Comtech and UHP Networks, Inc. (“UHP”), a leading provider of innovative and disruptive satellite ground station technology solutions, agreed to extend their agreement for Comtech's purchase of UHP, which was originally announced in November 2019, until February 28, 2021. UHP is based in Canada and has developed revolutionary technology that is transforming the V

Comtech Telecommunications Corp. Extends Term of Acquisition Agreement for UHP

As of late, it has definitely been a great time to be an investor in Comtech Telecommunications (CMTL).

Comtech's (CMTL) Shares March Higher, Can It Continue?

MELVILLE, N.Y.--(BUSINESS WIRE)--December 14, 2020-- Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today, that during its second quarter of fiscal 2021, its New York-based subsidiary, Comtech PST Corp., which is part of Comtech's Government Solutions segment, received a follow-on contract award for $3.5 million for solid-state, high-power RF amplifiers from a major domestic medical instrumentation provider. These amplifiers are used by one of the world's largest supplier of image-gu

Comtech Telecommunications Corp. Receives $3.5 Million Contract for High-Power Amplifiers for Medical Application

Comtech Telecommunications Corp. (CMTL) CEO Fred Kornberg on Q1 2021 Results - Earnings Call Transcript

Comtech (CMTL) delivered earnings and revenue surprises of -90.45% and 8.48%, respectively, for the quarter ended October 2020. Do the numbers hold clues to what lies ahead for the stock?

Comtech Telecommunications (CMTL) Reports Q1 Loss, Tops Revenue Estimates

Shares of Comtech (NASDAQ:CMTL) rose 6.56% in after-market trading after the company reported Q1 results. Quarterly Results Earnings per share were down 53.12% year over year to $0.15, which beat the estimate of ($1.78).

Comtech: Q1 Earnings Insights

MELVILLE, N.Y.--(BUSINESS WIRE)--December 9, 2020--Comtech Telecommunications Corp. (NASDAQ: CMTL) today reported its operating results for the first fiscal quarter ended October 31, 2020 and updated its financial targets for fiscal 2021. Fiscal 2021 First Quarter Highlights Consolidated net sales of $135.2 million and Adjusted EBITDA of $14.3 million (or 10.6% of consolidated net sales) exceeded Comtech's expectation for its first quarter of fiscal 2021. Adjusted EBITDA is a non-GAAP financial

Comtech Telecommunications Corp. Announces Results for Its Fiscal 2021 First Quarter and Updates Its Financial Targets for Fiscal 2021

Comtech Telecomms (NASDAQ:CMTL) will be releasing its next round of earnings this Wednesday, December 09. For all of the relevant information, here is your guide for Wednesday's Q1 earnings announcement.

News for Comtech Telecommunications Stock (CMTL)