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CMTL - Trading The Comtech Telecommunications Earnings Dip
October, 04 2021 07:25 PM
Comtech Telecommunications Corp.
Comtech has traded in a narrow range all year and looks to fall to the bottom end of that range following just-announced Q4 results. Earnings were mixed but the near-term outlook spooked the Street. A few new contracts help the revenue stream on the commercial end but the government contracts won't pick up until late next year. We think you can buy the selloff if shares get revalued to the low $20s. For further details see:
Trading The Comtech Telecommunications Earnings Dip
Stock Information
Company Name:
Comtech Telecommunications Corp.
Stock Symbol:
CMTL
Market:
NASDAQ
Website:
comtechtel.com
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