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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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February 24, 2015
10:01 EDTCMTLComtech awarded $6.4M contract by U.S. Navy
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February 23, 2015
10:00 EDTCMTLComtech awarded $5M of orders for network expansion project in Asia
Comtech announced that its Tempe, Arizona-based subsidiary, Comtech EF Data Corp., was awarded orders totaling $5M for SATCOM equipment and services to expand a communication network in Asia, $3.9M of which was received during its second quarter and $1.1M was received during its first quarter. Comtech EF Data’s equipment was chosen as being the most efficient for the application after the customer conducted a thorough competitive analysis and various technology demonstrations.
February 18, 2015
11:16 EDTVSATViaSat management to meet with B. Riley
Meeting to be held in Tampa on February 25 hosted by B. Riley.

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