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Stock Market & Financial Investment News

News Breaks
June 6, 2014
11:53 EDTLLL, CMTL, HRS, VSATComtech 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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November 26, 2014
11:41 EDTLLLCubic soars after results beat estimates, dividend raised
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November 24, 2014
12:46 EDTLLLL-3 Communications awarded $218M NGA contract for global network solutions
L-3 Communications announced that its National Security Solutions business has been awarded the National Geospatial-Intelligence Agency’s Information Technology Enterprise Managed Services Transport Services contract for engineering, operations and sustainment services to NGA’s global communications infrastructure. The five-year contract has an expected value of $218M, which includes projects that meet evolving IT mission needs. Under the contract, L-3 will provide services that include wired and wireless Local Area Networks (LANs) and Wide Area Networks, as well as the associated equipment, security devices and cable infrastructure needed to enable the secure, reliable and timely transmission of data.
10:00 EDTCMTLComtech awarded $3.5M order for SATCOM ground equipment in Asia
Comtech announced that its Tempe, Arizona-based subsidiary, Comtech EF Data Corp., received a $3.5m order for satellite communications ground equipment in October 2014. The equipment will be used by one of the largest mobile network operators in Eastern Asia to upgrade and significantly expand its infrastructure, which has grown to over one thousand locations over the past ten years leveraging Comtech EF Data products exclusively.
November 17, 2014
09:01 EDTHRSHarris awarded C$180M tactical radio contract
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