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June 6, 2014
11:53 EDTHRS, VSAT, LLL, CMTLComtech 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 28, 2015
09:02 EDTHRSHarris awarded $29M avionics production contract with U.S. Navy
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July 27, 2015
17:34 EDTLLLL-3 Communications awarded $274.6M government contract
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09:04 EDTHRSHarris, CPqD awarded contract to support Brazilian Air Force
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July 24, 2015
07:43 EDTHRSGoogle, others to create air traffic control for drones, Bloomberg says
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July 22, 2015
10:01 EDTCMTLComtech wins $1.6M military TWTA contract
Comtech Telecommunications announced that its Santa Clara, California-based subsidiary, Comtech Xicom Technology Inc., has received an award of $1.6M from a U.S. military integrator to supply high-power traveling wave tube amplifiers, or TWTAs. The rugged outdoor antenna-mount TWTAs are to be used in transportable satellite uplinks for tactical military satellite communications.
09:02 EDTHRSHarris awarded $15M submarine sensor contract
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06:56 EDTLLLContractor mergers, sales fueled by government spending cuts, Reuters says
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July 21, 2015
09:02 EDTHRSHarris receives $21M order for Falcon III tactical radios
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July 20, 2015
16:02 EDTCMTLComtech announces organizational changes
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10:04 EDTCMTLComtech receives $1M in equipment orders to support GSM Backhaul Expansion
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10:02 EDTCMTLComtech announces $5.3M increase in order funding for U.S. Army's BFT-1 program
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08:55 EDTHRSHarris receives $45M in orders for U.S. Army's MET program
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July 16, 2015
10:00 EDTCMTLComtech awarded $1M equipment order to support GSM network upgrade
Comtech announced that its Tempe, Arizona-based subsidiary, Comtech EF Data Corp., was awarded a $1M order for Satellite Modems and RF equipment, including RAN Optimization products from Comtech EF Data’s subsidiary, Memotec. A North African GSM operator will utilize the equipment to support its satellite-based GSM backhaul network upgrade and expansion.

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