Fri, Jun. 17, 3:00 PM
Fri, Jun. 17, 12:47 PM
Fri, Jun. 17, 9:14 AM
Thu, Jun. 9, 3:00 PM
Thu, Jun. 9, 2:56 PM
- In addition to missing FQ3 sales estimates (while beating on EPS) Comtech Telecommunications (NASDAQ:CMTL) is guiding for FY16 EPS of ($0.90)-($0.80), vs. a consensus of ($1.35).
- Revenue of $425M-$430M vs. consensus of $433.41M.
- The company revised adjusted EBITDA downwards to $44M-$46M vs. $52M-$55M earlier.
- Shares -9.5%.
- Comtech's FQ3 results.
Tue, Mar. 15, 12:54 PM
- Comtech (CMTL +2.5%) has won a $3.1M contract extension to provide additional advanced TDMA interface processor (ATIP) terminals to the U.S. Navy.
- Comtech: "The ATIP is a Layer-2 Ethernet bridging device installed on ship, shore and submarine platforms in the Navy Multiband Terminal (NMT). The ATIP program is providing significant improvements to the Advanced Extremely High Frequency (AEHF) system's performance through dynamic bandwidth management, support for higher XDR data rates, and increased throughput. Later next year, Comtech will deliver an Adaptive Coding capability to further improve the AEHF system's performance."
- For reference, Comtech has an April quarter revenue consensus of $78M.
Nov. 23, 2015, 10:23 AM
- Comtech (CMTL -9%) is paying $430.8M in enterprise value, or $5/share, to buy telecom hardware and services provider TeleCommunication Systems (TSYS +12.4%). The price represents a 14% premium to TCS' Friday close, and is equal to 1.2x the company's sales for the 12 months ending Sep.30.
- The deal is expected to close "no later than March 2016." Comtech CEO Stanton Sloane: "TCS is a unique business and a leading provider of mission-critical C4ISR solutions and next generation emergency 911 services to leading cellular and VoIP providers." Comtech adds the deal lowers its exposure to "challenging" international business conditions, gives its entry into commercial markets (inc. public safety), and establishes it as a prime contractor for several U.S. government contracts.
- $12M in cost synergies are expected in the second year after closing, and $27.5M in transaction-related expenses are forecast. TCS has risen to $4.93; Comtech made a new 52-week low of $19.55 before bouncing a bit.
- The deal arrives four months after TCS said it's exploring strategic alternatives.
Oct. 5, 2015, 4:25 PM
- Comtech (NASDAQ:CMTL) has won a $1.1M equipment order from an unnamed major Saudi mobile carrier that plans to use the gear to extend its existing Comtech-based mobile backhaul network. The deal covers Comtech trunking modems, satellite modems, radio network (RAN) optimization hardware, and block up converter (BUC) systems.
- Shares rose sharply on a good day for equities. They're only a week removed from plunging in response to an FQ4 miss and light FY16 guidance.
Sep. 29, 2015, 12:41 PM
Sep. 28, 2015, 6:30 PM
- In addition to missing FQ4 estimates, Comtech (NASDAQ:CMTL) is guiding for FY16 (ends July '16) revenue of $300M-$310M and GAAP EPS of $1.34-$1.54, below a consensus of $353.3M and $1.78.
- CEO Stanton Sloane: "Our fiscal 2015 performance reflects the fact that many of our international customers have been impacted by the strength of the U.S. dollar and by the plunge in oil prices ... As we look to fiscal 2016, we do not believe that market conditions will meaningfully improve. We continue to implement certain organizational changes including expanding our marketing and business development functions in order to position us for growth when end market conditions for our customers improve."
- The telecom equipment maker's backlog totaled $117.7M at the end of July, down 12% Y/Y. Transmission and mobile data equipment sales fell in FQ4, while RF amplifier sales rose. GAAP operating expenses fell 8% Y/Y to $25.3M.
- Shares have tumbled to $22.51 after hours, taking out their 52-week lows along the way. 42% of Comtech's market cap ($363M) is covered by a quarter-ending cash balance of $151M.
- FQ4 results, PR
Mar. 12, 2015, 12:45 PM
Mar. 10, 2015, 3:10 PM
- With the Nasdaq down 1.4%, a long list of tech names are posting major declines. Meanwhile, only a handful of tech companies are up more than 2%.
- Notable decliners include hard drive giant Seagate (STX -4.4%), VoIP service/app provider magicJack (CALL -5.6%), telecom equipment maker Comtech (CMTL -8.8%), flash controller IC vendor Silicon Motion (SIMO -5.2%), Wi-Fi hardware vendor Ruckus (RKUS -8.7%), online ad retargeting platform Criteo (CRTO -5.1%), haptic tech developer Immersion (IMMR -6.4%), supercomputer maker Cray (CRAY -4.6%), online coupon code provider RetailMeNot (SALE -5.5%), and solar plays JinkoSolar (JKS -5.6%), Daqo (DQ -9.8%), and Enphase (ENPH -8.9%).
- Immersion has more than given back the Monday gains it saw after Apple, which relies on a proprietary haptic solution that some think infringes on Immersion's IP, unveiled a 12" retina MacBook with a pressure-sensitive trackpad. Solar stocks are reversing course after rallying in recent weeks with the help of good earnings news and YieldCo hopes.
- Previously covered: Cybersecurity stocks, Canadian Solar/ReneSola, Qihoo, Electronic Arts
- Notable gainers: Nvidia, MicroVision, Energous, Weibo
Aug. 25, 2014, 5:53 PM
- Comtech (NASDAQ:CMTL) says it's "exploring strategic alternatives to enhance shareholder value, including a possible merger or sale of the Company."
- No timetable has been set for finishing the review. Shares are higher after coming off a halt.
- Earlier: Comtech reportedly exploring sale, receives preliminary interest
Aug. 25, 2014, 4:25 PM| Aug. 25, 2014, 4:25 PM
Jun. 6, 2014, 12:47 PM
Jun. 5, 2014, 5:35 PM
Comtech Telecommunications Corp. designs, develops, produces and markets products, systems and services for advanced communications solutions. The company operates its business through three segments: Telecommunications Transmission, RF Microwave Amplifiers and Mobile Data Communications. The... More
Industry: Communication Equipment
Country: United States
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