Comtech Telecommunications Corp. (NASDAQ: CMTL) has reported a loss for its second fiscal quarter (ending January 31) of $-1.07 versus a loss $-0.23 for the same period a year ago. For the latest four quarters through January 31, E.P.S. were $-1.70 compared to $-1.01 a year ago.
Recent Price Action
Comtech Telecommunications Corp. (NASDAQ: CMTL) stock closed at $4.60 on 3/18/24 after a slight gain of 0.2%. Moreover, unusually high trading volume at 183% of normal accompanied the advance. The stock has declined -20.6% during the last week and has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
CMTL is expected to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Comtech Telecommunications has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Comtech Telecommunications has a very high Appreciation Score of 93 but a very low Power Rating of 9, leading to the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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