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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 companyís 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. WHATíS 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 todayís 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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May 22, 2015
09:21 EDTHRSExelis shareholders approve acquisition by Harris
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May 21, 2015
12:20 EDTHRSExelis to host special shareholder meeting
Special shareholder meeting to approve the merger agreement with Harris Corporation will be held in McLean, Virginia on May 22 at 9 am.
May 19, 2015
16:08 EDTVSATViaSat reports FY15 sales backlog $915.6M
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16:07 EDTVSATViaSat reports Q4 non-GAAP EPS 36c, consensus 42c
Reports Q4 revenue $364.8M, consensus $363.73M.
15:00 EDTVSATNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Analog Devices (ADI), consensus 72c... Autodesk (ADSK), consensus 28c... Computer Sciences Corporation (CSC), consensus $1.20... Qihoo 360 Technology (QIHU), consensus 49c... Keysight Technologies (KEYS), consensus 65c... Nordson (NDSN), consensus 86c... ViaSat (VSAT), consensus 42c... Dycom Industries (DY), consensus 37c.
08:06 EDTHRSAltera announces 28nm gate arrays chosen by Harris for newest Falcon III radio
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05:23 EDTVSATViaSat selected by Gulfstream as sole source Ku-Band equipment supplier
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May 13, 2015
07:16 EDTVSATMoffett Nathanson to hold a summit
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07:10 EDTVSATB. Riley to hold a conference
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May 12, 2015
12:11 EDTLLLL-3 Communications awarded $81.8M contract from Raytheon Australia
L-3 Communications (LLL) announced that it has been awarded an $81.8M contract from Raytheon (RTN) Australia to supply the Australian Defence Force with 236 Very Small Aperture Terminals, additional support equipment, and training as part of Joint Project 2008 Phase 5B1. This program will further enable the ADF to utilize the Wideband Global SATCOM system, significantly increasing their satellite communications capabilities. Two L-3 business units, Global Communications Solutions and Linkabit, will perform on this contract, with hardware deliveries expected to be completed this year. The contract will deliver L-3 GCS's Hawkeye and Panther family of VSAT terminals, integrated with L-3 Linkabitís MPM family of modems, and includes the option to purchase additional terminals and equipment. These terminals will enable ADF troops on the ground to benefit from increased data rates and a higher level of network performance. This award comes as a follow-on to the $35M Joint Project 2008 Phase 3H contract awarded to L-3 in 2013 for 54 Hawkeye III Lite VSATs and support equipment.

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