Last $39.13 USD
Change Today +0.33 / 0.85%
Volume 74.9K
CMTL On Other Exchanges
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As of 8:10 PM 09/18/14 All times are local (Market data is delayed by at least 15 minutes).

comtech telecommunications (CMTL) Snapshot

Open
$39.00
Previous Close
$38.80
Day High
$39.30
Day Low
$38.82
52 Week High
06/9/14 - $40.48
52 Week Low
10/3/13 - $23.87
Market Cap
627.4M
Average Volume 10 Days
72.3K
EPS TTM
$1.19
Shares Outstanding
16.0M
EX-Date
07/16/14
P/E TM
32.9x
Dividend
$1.20
Dividend Yield
3.00%
Current Stock Chart for COMTECH TELECOMMUNICATIONS (CMTL)

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comtech telecommunications (CMTL) Details

Comtech Telecommunications Corp. designs and produces a wide range of telecom systems and services. The company’s telecom transmission division markets such products as satellite earth station equipment and over-the-horizon microwave systems. The mobile data communications department offers mobile satellite transceivers and satellite packet data networks. Comtech also manufactures broadband amplifiers in the microwave and radio frequency spectrums. Its amplifiers are used in both defense and commercial applications. Apart from providing the hardware, the company also provides installation, training, and maintenance. Comtech, which was founded in 1967, is headquartered in Melville (N.Y.).

1,035 Employees
Last Reported Date: 10/3/13
Founded in 1967

comtech telecommunications (CMTL) Top Compensated Officers

Executive Chairman, Chief Executive Officer, ...
Total Annual Compensation: $735.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $380.0K
Senior Vice President and President of Comtec...
Total Annual Compensation: $405.0K
Senior Vice President and President of Comtec...
Total Annual Compensation: $365.0K
Senior Vice President Strategy and M&A
Total Annual Compensation: $350.0K
Compensation as of Fiscal Year 2013.

comtech telecommunications (CMTL) Key Developments

Comtech Reportedly Explore Strategic Alternatives

Comtech Telecommunications Corp. (NasdaqGS:CMTL) is exploring strategic alternatives, including a possible merger or sale of the company, Comtech Telecommunications said confirming Reuters report. Citing people familiar with the matter, Reuters reported Comtech has tapped investment bank Citigroup to review a potential sale and has received preliminary expressions of interest in recent weeks. Citigroup Inc. (NYSE:C) acted as the financial advisor and Proskauer Rose LLP as its legal adviser in connection with the strategic review. Comtech had considered selling itself a few times in the past, and there is no guarantee the latest process will lead to a transaction, people familiar with the matter said.

Comtech Telecommunications Corp. Declares Quarterly Cash Dividend, Payable on August 19, 2014

Comtech Telecommunications Corp. announced that its Board of Directors declared a quarterly cash dividend of $0.30 per share, payable on August 19, 2014, to shareholders of record at the close of business on July 18, 2014.

Comtech Telecommunications Corp. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended April 30, 2014; Provides Earnings Guidance for the Year Ending July 31, 2014 and Interest Expense Guidance for the Fourth Quarter of 2014

Comtech Telecommunications Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended April 30, 2014. For the quarter, net sales were $88.9 million compared to $69.9 million for the third quarter of fiscal 2013. The period-over-period increase reflects higher sales in the company's telecommunications transmission and RF microwave amplifiers segments, partially offset by lower sales in its mobile data communications segment. GAAP net income was $5.9 million, or $0.32 per diluted share as compared to $2.9 million, or $0.17 per diluted share, for the third quarter of fiscal 2013. Operating income was $10,567,000 compared to $5,391,000 a year ago. Income before provision for income taxes was $8,830,000 compared to $3,669,000 a year ago. Adjusted EBITDA was $14,791,000 compared to $9,607,000 a year ago. For the nine months period, net sales were $257.8 million compared to $235.4 million for the nine months ended April 30, 2013. GAAP net income was $17.2 million, or $0.92 per diluted share as compared to $12.7 million, or $0.69 per diluted share, for the nine months ended April 30, 2013. Operating income was $31,838,000 compared to $24,700,000 a year ago. Income before provision for income taxes was $26,586,000 compared to $19,428,000 a year ago. Adjusted EBITDA was $44,625,000 compared to $38,219,000 a year ago. Based on the company's year-to-date results and anticipated fourth quarter performance, the company is updating its fiscal 2014 guidance. Fiscal 2014 revenue is now expected to range from $342.0 million to $346.0 million, adjusted EBITDA is now expected to be in the range of $58.0 million to $60.0 million and GAAP diluted earnings per share is now expected to be in the range of $1.25 to $1.30. The company's effective income tax rate for the twelve months ending July 31, 2014 is expected to approximate 36.5%, excluding any discrete tax adjustments. The company expects interest expense for the fourth quarter of fiscal 2014 to be significantly lower than its most recent quarter.

 

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Industry Analysis

CMTL

Industry Average

Valuation CMTL Industry Range
Price/Earnings 38.9x
Price/Sales 1.7x
Price/Book 1.6x
Price/Cash Flow 21.7x
TEV/Sales 0.4x
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