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Stock Market & Financial Investment News

News Breaks
June 2, 2014
10:01 EDTCMTLComtech awarded $1M in orders to support network upgrade in Africa
Comtech announced that during its most recent quarter ended April 30, its Tempe, Arizona-based subsidiary, Comtech EF Data Corp., was awarded $1M in follow-on equipment orders from a Mobile Network Operator in Africa. The equipment will be used for a network upgrade that will transport and optimize voice and data communications, and facilitate subscriber growth across the Democratic Republic of the Congo.
News For CMTL From The Last 14 Days
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December 10, 2014
16:22 EDTCMTLComtech backs FY15 EPS view of $1.70-$1.86, consensus $1.79
Narrows FY15 revenue guidance to $355M-$365M, consensus $359.67M.
16:20 EDTCMTLComtech reports Q1 EPS 34c, consensus 29c
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December 9, 2014
16:33 EDTCMTLComtech ends strategic review, decides to remain independent
Comtech Telecommunications announced that its board of directors has completed a review of strategic alternatives with the assistance of its financial advisor, Citibank, its legal counsel, Proskauer Rose, and its special counsel, Morris, Nichols, Arsht & Tunnell. After considering various strategic alternatives to enhance shareholder value, including a possible merger or sale of the company, the board has determined that the interests of the company and its shareholders will be best served by the company remaining independent. Comtech Chairman and CEO, Fred Kornberg, stated: “At the end of a thorough and rigorous process, our Board concluded that the company is best positioned to maximize shareholder value by continuing to execute on its strategies of enhancing its leadership positions in the markets we serve, participating in emerging technologies that enhance or expand our product portfolio, carefully pursuing acquisitions of businesses and technologies, and returning cash to our shareholders.”
December 8, 2014
13:00 EDTCMTLComtech receives $3.5M order for SATCOM equipment
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10:12 EDTCMTLComtech receives $7.4M in additional orders relating to satellite system project
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December 4, 2014
13:00 EDTCMTLComtech awarded $5M in additional orders relating to N African contracts
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