Comtech Telecommunications Corp. (NASDAQ:CMTL) is set to announce first quarter earning results on Wednesday 9th December 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, CMTL to report 1Q21 loss of $ 1.78 per share from revenue of $ 124.91 million.
For the full year, analysts anticipate top line of $ 618.34 million, while looking forward to loss of $ 1.42 per share bottom line.
The Company Outlook
Full Year 2021 topline are forecasted in a range of$ 610.00 million ~ $ 630.00 million
Click Here For More Historical Outlooks Of Comtech Telecommunications Corp.
Previous Quarter Performance
Comtech Telecommunications Corp. posted income for the fourth quarter of $ 0.21 per share, from the revenue of $ 149.67 million. The quarterly earnings declined 27.59 percent while revenues declined 15.14 percent compared with the same quarter last year.
Wall street analysts are predicting, CMTL to report 4Q20 loss of $ 0.11 per share from revenue of $ 142.39 million. The bottom line results beat street analysts by $ 0.32 or 290.91 percent, at the same time, top line results outshined analysts by $ 7.28 million or 5.11 percent.
Stock Performance
Shares of Comtech Telecommunications Corp. traded up $ 0.37 or 1.90 percent on Tuesday, reaching $ 19.84 with volume of 264.50 thousand shares. Comtech Telecommunications Corp. has traded high as $ 19.87 and has cracked $ 18.94 on the downward trend
According to the previous trading day, closing price of $ 19.84, representing a 69.60 % increase from the 52 week low of $ 11.48 and a 47.86 % decrease over the 52 week high of $ 37.34.
The company has a market capital of $ 496.21 million and is part of the Technology sector and Communication Equipment industry.
Comtech Telecommunications Corp. designs, develops, produces, and markets products, systems, and services for communications solutions. The companys Commercial Solutions segment offers ground-based equipment, including single channel per carrier modems and solid-state amplifiers that facilitate the transmission of voice, video, and data over satellite links; and traveling wave tube amplifiers, such as high power narrow-band amplifiers used to amplify signals from satellite earth stations, as well as safety and security technologies.
