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Stock Market & Financial Investment News

News Breaks
June 6, 2014
11:53 EDTCMTL, VSAT, HRS, LLLComtech hits 52-week high after beating estimates, raising FY14 outlook
Shares of Comtech (CMTL), which produces and markets products, systems and services for advanced communications solutions, are rising after the company’s third quarter results surpassed expectations, and it raised its fiscal 2014 outlook. WHAT'S NEW: Last night, Comtech reported Q3 earnings per share of 32c and revenue of $88.9M, beating the consensus views of 18c and $77.5M, respectively. WHAT’S NOTABLE: Comtech raised its FY14 EPS outlook to $1.25-$1.30 from $1.14-$1.26, compared to consensus of $1.19. It also boosted its FY14 revenue view to $342M-$346M from $325M-$345M, versus consensus of $334.97M. FY14 adjusted EBITDA is expected to be in the range of $58M-$60M. The company cited its year-to-date results and anticipated fourth quarter performance for the revision. PRICE ACTION: In late morning trading, Comtech rose $4.46, or about 13.53%, to $37.45 on nearly three times its average daily trading volume. Earlier in the session, the stock hit a new 52-week high of $37.26. Including today’s advance, the stock has gained over 42% over the past twelve months. OTHERS TO WATCH: Other companies in the advanced communications space include ViaSat (VSAT), Harris Communications (HRS), and L-3 Communications (LLL).
News For CMTL;VSAT;HRS;LLL From The Last 14 Days
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October 30, 2014
09:01 EDTHRSHarris receives $18M order for Falcon III wideband radios
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06:58 EDTLLLL-3 Communications lowers 2014 EPS view to $ 7.30-$7.50 from $7.90-$8.10
Consensus for 2014 EPS is $7.53. Narrows 2014 revenue view to $12.025B-$12.125B from $12.025B-$12.225B, consensus $12.13B. Backs 2014 CapEx view $195M.
06:53 EDTLLLL-3 Communications reports Q3 EPS $1.78 with items, consensus $1.85
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October 29, 2014
17:29 EDTLLLL-3 Communications awarded $102.889M government contract modification
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15:41 EDTLLLNotable companies reporting before tomorrow's open
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October 28, 2014
06:32 EDTHRSHarris backs FY15 EPS cont ops $4.75-$5.00, consensus $4.85
Backs FY15 revenue to decline 1%-3%, consensus $4.88B
06:32 EDTHRSHarris reports Q1 RF Communications revenue $387M, orders $374M
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06:31 EDTHRSHarris reports Q1 EPS $1.18, consensus $1.09
Reports Q1 revenue $1.16B, consensus $1.15; Reports Q1 orders $1.11B.
October 27, 2014
15:36 EDTHRSNotable companies reporting before tomorrow's open
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October 24, 2014
10:12 EDTHRSHarris awarded potential $770M in contracts
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10:01 EDTCMTLComtech receives $1.5M high-power TWTA contract
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October 21, 2014
13:00 EDTCMTLComtech awarded $2.3M advanced VSAT and Premium Services Order in Asia
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