Comtech Telecommunications Corp. (NASDAQ:CMTL) is expected to pay $0.30 on Nov 22, 2016. The indicated annual dividend is $1.20. Shareholders owning the stock before Oct 19, 2016 will be eligible to receive the payout. Based on Comtech Telecommunications Corp.’s current price of $10.69, the dividend is 2.81%. This dividend’s record date is Oct 21, 2016 and the announcement date is Oct 7, 2016. The stock decreased 0.56% or $0.06 during the last trading session, hitting $10.69. Comtech Telecomm. Corp. (NASDAQ:CMTL) has declined 55.25% since March 15, 2016 and is downtrending. It has underperformed by 60.74% the S&P500.
Comtech Telecommunications Corp. designs, develops, produces and markets products, systems and services for advanced communications solutions. The company has a market cap of $251.78 million. The Firm operates through three divisions: telecommunications transmission, RF microwave amplifiers and mobile data communications. It currently has negative earnings. The Company’s telecommunications transmission segment provides equipment and systems used for satellite transmission and enable wireless communications.
Insitutional Activity: The institutional sentiment decreased to 1.88 in 2016 Q2. Its down 0.15, from 2.03 in 2016Q1. The ratio dropped, as 15 funds sold all Comtech Telecomm. Corp. shares owned while 28 reduced positions. 33 funds bought stakes while 48 increased positions. They now own 19.76 million shares or 52.85% more from 12.93 million shares in 2016Q1.
Swiss Financial Bank last reported 0% of its portfolio in the stock. The Maryland-based Price T Rowe Assocs Md has invested 0% in Comtech Telecomm. Corp. (NASDAQ:CMTL). The California-based California Employees Retirement has invested 0.01% in Comtech Telecomm. Corp. (NASDAQ:CMTL). Crawford Counsel last reported 0.01% of its portfolio in the stock. Bridgeway Capital Mgmt owns 79,215 shares or 0.02% of their US portfolio. Stanley has 0.15% invested in the company for 30,461 shares. Goldman Sachs Group Inc owns 22,509 shares or 0% of their US portfolio. Cubist Systematic Strategies Ltd Com holds 0.01% of its portfolio in Comtech Telecomm. Corp. (NASDAQ:CMTL) for 11,869 shares. Teachers Advsr holds 23,267 shares or 0% of its portfolio. The Pennsylvania-based Nationwide Fund has invested 0.01% in Comtech Telecomm. Corp. (NASDAQ:CMTL). Wells Fargo Mn has invested 0% of its portfolio in Comtech Telecomm. Corp. (NASDAQ:CMTL). New York State Teachers Retirement System last reported 61,024 shares in the company. Dean Inv Assocs Ltd Llc, a Ohio-based fund reported 385,523 shares. Comml Bank Of New York Mellon Corp holds 0% of its portfolio in Comtech Telecomm. Corp. (NASDAQ:CMTL) for 350,462 shares. Financial Bank Of America Corp De, a North Carolina-based fund reported 33,096 shares.
Insider Transactions: Since October 14, 2016, the stock had 0 insider buys, and 1 sale for $32,850 net activity. On Friday, October 14 the insider KANTOR EDWIN sold $32,850.
Comtech Telecomm. Corp. (NASDAQ:CMTL) Ratings Coverage
Out of 6 analysts covering Comtech Telecomm. Corp. (NASDAQ:CMTL), 2 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 33% are positive. $19 is the highest target while $11.75 is the lowest. The $14.95 average target is 39.85% above today’s ($10.69) stock price. Comtech Telecomm. Corp. has been the topic of 8 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The firm earned “Hold” rating on Friday, October 16 by TheStreet. The rating was maintained by Jefferies on Wednesday, October 12 with “Hold”. maintained Comtech Telecomm. Corp. (NASDAQ:CMTL) on Monday, October 10 with “Neutral” rating. As per Tuesday, August 2, the company rating was initiated by Jefferies. The firm has “Sell” rating by Zacks given on Monday, August 10. As per Monday, June 20, the company rating was initiated by BMO Capital Markets. The stock has “Buy” rating given by Ladenburg Thalmann on Friday, July 22. The firm has “Neutral” rating given on Wednesday, August 24 by Citigroup.
More important recent Comtech Telecomm. Corp. (NASDAQ:CMTL) news were published by: Businesswire.com which released: “Comtech Telecommunications Corp. to Acquire TeleCommunication Systems, Inc …” on November 23, 2015, also Finance.Yahoo.com published article titled: “Comtech Telecommunications Corp. Announces Results for Fiscal 2016 Fourth …”, Businesswire.com published: “Comtech Telecommunications Corp. Awarded $14.4 Million Order to Supply Managed …” on September 29, 2016. More interesting news about Comtech Telecomm. Corp. (NASDAQ:CMTL) was released by: Businesswire.com and their article: “Comtech Telecommunications Corp. Announces $7.6 Million in Funding to Supply U …” with publication date: August 09, 2016.
CMTL Company Profile
Comtech Telecommunications Corp. (Comtech), incorporated on December 30, 1986, designs, develops, produces and markets products, systems and services for advanced communications solutions. The Firm operates through three divisions: telecommunications transmission, RF microwave amplifiers and mobile data communications. The Firm sells its products to customer base in the global commercial and government communications markets.
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