Institutional Investors Lead Shift in Comtech Telecommunications Corp (NASDAQ:CMTL) Sentiment

January 21, 2018 - By Marguerite Chambers

 Institutional Investors Lead Shift in Comtech Telecommunications Corp (NASDAQ:CMTL) Sentiment

Sentiment for Comtech Telecommunications Corp (NASDAQ:CMTL)

Comtech Telecommunications Corp (NASDAQ:CMTL) institutional sentiment decreased to 1.31 in Q3 2017. Its down -0.53, from 1.84 in 2017Q2. The ratio has dropped, as 59 investment professionals started new and increased equity positions, while 45 cut down and sold their stock positions in Comtech Telecommunications Corp. The investment professionals in our partner’s database now own: 19.30 million shares, down from 19.57 million shares in 2017Q2. Also, the number of investment professionals holding Comtech Telecommunications Corp in their top 10 equity positions decreased from 2 to 1 for a decrease of 1. Sold All: 13 Reduced: 32 Increased: 38 New Position: 21.

Comtech Telecommunications Corp. designs, develops, produces, and markets products, systems, and services for communications solutions. The company has market cap of $517.24 million. The companyÂ’s Commercial Solutions segment provides ground equipment, such as single channel per carrier modems and solid state amplifiers that facilitate the transmission of voice, video, and data, as well as offers traveling wave tube amplifiers comprising high power narrow-band amplifiers that are used to amplify signals from satellite earth stations; and safety and security technology solutions that enable 911 c. It has a 31.03 P/E ratio. This segment also offers enterprise application technologies, including location technology, such as Trusted Location, a software scoring system that allows providers to determine mobile location and identify fraudulent behavior and other security risks; Look4, an application that enables clients to build their own applications; Indoor Location, a solution that enables the determination of a cell phone userÂ’s geospatial position; text messaging platforms that are used by wireless carriers to provide short-messaging services and to communicate with 911 public safety answering points; and VirtuMedix, a digital health platform that enables virtual healthcare.

The stock increased 1.44% or $0.31 during the last trading session, reaching $21.91. About 110,641 shares traded. Comtech Telecommunications Corp. (NASDAQ:CMTL) has declined 38.17% since January 21, 2017 and is downtrending. It has underperformed by 54.87% the S&P500.

Analysts await Comtech Telecommunications Corp. (NASDAQ:CMTL) to report earnings on March, 14. They expect $-0.06 EPS, down 700.00 % or $0.07 from last year’s $0.01 per share. After $-0.07 actual EPS reported by Comtech Telecommunications Corp. for the previous quarter, Wall Street now forecasts -14.29 % EPS growth.

Huber Capital Management Llc holds 2.84% of its portfolio in Comtech Telecommunications Corp. for 2.52 million shares. Pacific Ridge Capital Partners Llc owns 293,103 shares or 1.71% of their US portfolio. Moreover, Ironwood Investment Management Llc has 1.46% invested in the company for 101,540 shares. The Maryland-based Profit Investment Management Llc has invested 1.42% in the stock. Lucus Advisors Llc, a New York-based fund reported 15,450 shares.#img1#

Since January 1, 0001, it had 0 insider purchases, and 2 insider sales for $952,019 activity.

Comtech Telecommunications Corp. (NASDAQ:CMTL) Ratings Coverage

Ratings analysis reveals 50% of Comtech Telecomm. Corp.’s analysts are positive. Out of 8 Wall Street analysts rating Comtech Telecomm. Corp., 4 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $11.75 while the high is $26.0. The stock’s average target of $19.33 is -11.78% below today’s ($21.91) share price. CMTL was included in 22 notes of analysts from August 10, 2015. The stock has “Neutral” rating by on Monday, October 10. The stock has “Hold” rating by Jefferies on Tuesday, August 8. The firm earned “Buy” rating on Friday, July 22 by Ladenburg Thalmann. The rating was maintained by Jefferies on Tuesday, June 6 with “Hold”. The stock of Comtech Telecommunications Corp. (NASDAQ:CMTL) has “Buy” rating given on Monday, July 10 by Northland Capital. The rating was maintained by Jefferies on Thursday, December 7 with “Hold”. The stock has “Hold” rating by TheStreet on Friday, October 16. The stock has “Buy” rating by Northland Capital on Monday, September 25. The stock has “Neutral” rating by Citigroup on Wednesday, August 24. The rating was maintained by Jefferies on Wednesday, October 12 with “Hold”.

More notable recent Comtech Telecommunications Corp. (NASDAQ:CMTL) news were published by: Businesswire.com which released: “Comtech Telecommunications Corp. Receives $1.5 Million Contract for …” on September 05, 2017, also Businesswire.com with their article: “Comtech Telecommunications Corp. Awarded $1.3 Million Production Order for …” published on January 16, 2018, Businesswire.com published: “Comtech Telecommunications Corp. Announces Maintenance Renewal Worth More Than …” on December 19, 2017. More interesting news about Comtech Telecommunications Corp. (NASDAQ:CMTL) were released by: Seekingalpha.com and their article: “Comtech Telecommunications’ (CMTL) CEO Fred Kornberg on Q1 2018 Results …” published on December 07, 2017 as well as Businesswire.com‘s news article titled: “Comtech Telecommunications Corp. Awarded $1.1 Million Order for Infrastructure …” with publication date: November 08, 2017.

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