Comtech Telecommunications Corp. (NASDAQ:CMTL) is expected to report fourth quarter earnings results, after market close, on Tuesday 29th September 2020.
Analysts polled by Thomson Reuters anticipate fourth quarter loss of $ 0.11 per share.
Looking ahead, the full year income are expected at $ 0.12 per share on the revenues of $ 609.45 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 712.00 million ~ $ 712.00 million, where as bottomline are predicted in a range of $ 1.42 ~ $ 1.42 per share
Click Here For More Historical Outlooks Of Comtech Telecommunications Corp.
Previous Quarter Performance
Comtech Telecommunications Corp. communicated income for the third quarter of $ 0.05 per share, from the revenue of $ 135.12 million. The quarterly earnings down 83.87 percent compared with the same quarter last year. Street analysts expected Comtech Telecommunications Corp. to report income of $ 0.11 per share on revenue of $ 163.16 million for the third quarter. The bottom line results missed street analysts by $ 0.06 or 54.55 percent, at the same time, top line results fell short of analysts by $ 28.04 million or 17.19 percent.
Stock Performance
Shares of Comtech Telecommunications Corp. traded up $ 0.83 or 6.29 percent on Monday, reaching $ 14.03 with volume of 262.00 thousand shares. Comtech Telecommunications Corp. has traded high as $ 14.31 and has cracked $ 13.63 on the downward trend
According to the previous trading day, closing price of $ 14.03, representing a 14.98 % increase from the 52 week low of $ 11.48 and a 65.26 % decrease over the 52 week high of $ 38.00.
The company has a market capital of $ 355.67 million and is part of the Technology sector and Communication Equipment industry.
Conference Call
Comtech Telecommunications Corp. will be hosting a conference call at 4:30 PM eastern time on 29th September 2020, to discuss its 4Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.comtechtel.com
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.
