CMTL - Why Comtech Telecommunications Shares Are Rocketing Today | Benzinga
Comtech Telecommunications Corp (NASDAQ: CMTL) shares are trading higher by about 18% after it reported Q4 results.
The company posted revenue of $148.81 million, up from $126.98 million, beating the consensus of $140.13 million.
Revenues in the Satellite and Space Communications segment rose 22.7% Y/Y to $94.2 million, mainly aided by higher net sales of the troposcatter and SATCOM solutions to U.S. government and international customers and solid-state RF microwave high-power amplifiers and control components.
Also, the ...