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Stock Market & Financial Investment News

News Breaks
August 25, 2014
15:45 EDTCMTLComtech volatility spikes, said to explore potential sale
Comtech September call option implied volatility is at 40, October is at 36, January is at 39; compared to its 26-week average of 27 according to Track Data, suggesting large price movement on company said to explore potential sale, Reuters says.
News For CMTL From The Last 14 Days
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December 22, 2014
14:04 EDTCMTLComtech gets $1.5M order from U.S. military
Comtech Telecommunications announced that its New York-based subsidiary, Comtech PST, received a $1.5M order for the refurbishment of power amplifier power supply modules from the U.S. Military. These power amplifier power supply modules are key components used in radar systems currently fielded by the U.S. Military. In commenting on this contract award, Fred Kornberg, President and CEO of Comtech Telecommunications, said, “This follow on order is another demonstration of Comtech’s technical strength in delivering and supporting products for the military radar market. We anticipate additional orders from this customer to be issued against a previously awarded Basic Ordering Agreement.”
December 18, 2014
10:01 EDTCMTLComtech says unit awarded $1.1M contract
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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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