Notable Runner: After Reaching 1 Year Low, Is Comtech Telecomm. Corp.’s Near-Term Analysis Negative?

Notable Runner: After Reaching 1 Year Low, Is Comtech Telecomm. Corp.'s Near Term Analysis Negative?

The stock of Comtech Telecomm. Corp. (NASDAQ:CMTL) hit a new 52-week low and has $8.72 target or 13.00% below today’s $10.02 share price. The 6 months bearish chart indicates high risk for the $227.80 million company. The 1-year low was reported on Oct, 28 by Barchart.com. If the $8.72 price target is reached, the company will be worth $29.61M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 169,450 shares traded hands. Comtech Telecomm. Corp. (NASDAQ:CMTL) has declined 55.28% since March 28, 2016 and is downtrending. It has underperformed by 59.99% the S&P500.

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. Comtech Telecomm. Corp. has been the topic of 8 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The stock has “Sell” rating given by Zacks on Monday, August 10. Jefferies initiated it with “Hold” rating and $14 target price in Tuesday, August 2 report. maintained the shares of CMTL in a report on Monday, October 10 with “Neutral” rating. The rating was downgraded by TheStreet to “Hold” on Friday, October 16. The stock of Comtech Telecomm. Corp. (NASDAQ:CMTL) earned “Hold” rating by Jefferies on Wednesday, October 12. The firm has “Neutral” rating by Citigroup given on Wednesday, August 24. The firm has “Outperform” rating by BMO Capital Markets given on Monday, June 20. Ladenburg Thalmann initiated Comtech Telecomm. Corp. (NASDAQ:CMTL) rating on Friday, July 22. Ladenburg Thalmann has “Buy” rating and $19 price target.

According to Zacks Investment Research, “Comtech Telecommunications Corp. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. The Company believes many of its solutions play a vital role in providing or enhancing communication capabilities when terrestrial communications infrastructure is unavailable or ineffective. The Company conducts business through three complementary segments: telecommunications transmission, mobile data communications and RF microwave amplifiers. The Company sells products to a diverse customer base in the global commercial and government communications markets. The Company believes it is a market leader in the market segments that it serves.”

Insitutional Activity: The institutional sentiment decreased to 1.88 in 2016 Q2. Its down 0.15, from 2.03 in 2016Q1. The ratio worsened, 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.
Pinebridge Invests Lp accumulated 0% or 1,898 shares. Stanley, a Alabama-based fund reported 30,461 shares. Moreover, Teacher Retirement Of Texas has 0% invested in Comtech Telecomm. Corp. (NASDAQ:CMTL) for 2,252 shares. Blackrock Institutional Na last reported 0% of its portfolio in the stock. Ubs Asset Mgmt Americas Inc holds 0% of its portfolio in Comtech Telecomm. Corp. (NASDAQ:CMTL) for 10,082 shares. Adage Cap Limited accumulated 11,314 shares or 0% of the stock. New York State Teachers Retirement System accumulated 0% or 61,024 shares. Moreover, Principal Finance Group Inc Inc has 0% invested in Comtech Telecomm. Corp. (NASDAQ:CMTL) for 164,848 shares. Wells Fargo Company Mn holds 0% or 609,021 shares in its portfolio. Great West Life Assurance Can has 1,491 shares for 0% of their US portfolio. Price T Rowe Associates Md last reported 0% of its portfolio in the stock. Guggenheim Capital Limited Co accumulated 0% or 84,804 shares. Penn Capital Communications Inc last reported 0.04% of its portfolio in the stock. Moreover, Profit Ltd Liability Co has 0.5% invested in Comtech Telecomm. Corp. (NASDAQ:CMTL) for 48,252 shares. State Board Of Administration Of Florida Retirement Systems, a Florida-based fund reported 10,389 shares.

Insider Transactions: Since October 14, 2016, the stock had 0 buys, and 1 sale for $32,850 net activity. Another trade for 3,000 shares valued at $32,850 was sold by KANTOR EDWIN.

More notable 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 Businesswire.com with their article: “Comtech Telecommunications Corp. Receives $1.9 Million Product Order from …” published on October 26, 2016, Businesswire.com published: “Comtech Telecommunications Corp. Receives $1.4 Million Order for Location …” on September 22, 2016. More interesting news about Comtech Telecomm. Corp. (NASDAQ:CMTL) were released by: Businesswire.com and their article: “Comtech Telecommunications Corp. Announces $7.6 Million in Funding to Supply U …” published on August 09, 2016 as well as Businesswire.com‘s news article titled: “Comtech Telecommunications Corp. Announces Fred Kornberg’s Return to CEO Role …” with publication date: September 29, 2016.

CMTL Company Profile

Comtech Telecommunications Corp., incorporated on December 30, 1986, designs, develops, produces and markets products, systems and services for communications solutions. The Firm operates through two divisions: Commercial Solutions and Government Solutions. The Firm offers communications solutions, including command and control technologies, safety and security technologies, and enterprise technologies. The Firm serves system and network suppliers in the global satellite, defense, broadcast and aerospace industries, as well as the federal government of the United States, the state and local governments of the United States, and foreign governments.

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