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Stock Market & Financial Investment News

News Breaks
June 6, 2014
11:53 EDTVSAT, LLL, CMTL, HRSComtech 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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July 7, 2015
10:01 EDTVSATVirgin America announces technology partnership with ViaSat
Virgin America (VA) announces a new technology partnership with ViaSat (VSAT) that will bring significantly faster WiFi connectivity to the airline's 10 new A320 aircraft deliveries, beginning in September of this year. Through this latest connectivity partnership, Virgin America will tap the power and economics of ViaSat-1, the highest capacity Ka-band satellite in the world offering 140 gigabits-per-second, to deliver the fastest WiFi connectivity service for high-quality video streaming.
July 6, 2015
10:03 EDTCMTLComtech receives $4M contract extension with U.S. Navy’s advanced time division
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July 2, 2015
11:42 EDTLLLL-3 Communications exporting alternatives for NSS unit, dealReporter says
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July 1, 2015
09:31 EDTHRSHarris announces new organizational structure
Harris (HRS) announced that it will reorganize its business segments to increase operational efficiency and capture synergies that result from Harris’ recent acquisition of Exelis (XLS). Effective the beginning of fiscal 2016, July 4, the company will be organized in the following four business segments: Communication Systems, led by Chris Young. The segment will serve markets in tactical and airborne radios, night vision technology, and defense and public safety networks; Critical Networks, led by Carl D’Alessandro. The segment will provide managed services supporting air traffic management, energy and maritime communications, and ground network operation and sustainment, as well as high-value IT and engineering services; Electronic Systems, led by Ed Zoiss. The segment will offer an extensive portfolio of solutions in electronic warfare, avionics, wireless technology, C4I, undersea systems and aerostructures; Space and Intelligence Systems, led by Bill Gattle. The segment will provide complete earth observation, weather, geospatial, space protection, and intelligence solutions from advanced sensors and payloads, as well as ground processing and information analytics.
June 29, 2015
10:25 EDTVSATFirm says SpaceX explosion could hurt ViaSat
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08:48 EDTVSATViaSat schedule in question following SpaceX explosion, says Wunderlich
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June 24, 2015
09:09 EDTLLLBAE Systems orders aerostat systems for U.S. Army contract
BAE Systems (BAESY) has awarded Drone Aviation Holding's wholly owned subsidiary, Drone Aviation Corp., an order for parts and services related to enhancing and supporting two WASP aerostat systems owned and operated by the U.S. Army Space and Missile Defense Command Battle Lab for upcoming Department of Defense exercises. The upgrades and services are designed to integrate specialized wireless electronics, advanced optics and a communications package provided by L-3 Communication (LLL). Under the terms of an agreement between DAC and L-3 CS-West, a working group has commenced on a technical integration plan that includes integrating new technologies into the WASP and jointly marketing the integrated solution. The enhanced WASP systems and components are expected to be delivered to the U.S. Army in July.

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