Does Comtech Telecommunications Corp. (CMTL) Have More Gas After Touching 52-Week High?

April 17, 2018 - By wolcottdaily

Investors sentiment increased to 1.91 in 2017 Q4. Its up 0.60, from 1.31 in 2017Q3. It is positive, as 12 investors sold Comtech Telecommunications Corp. shares while 32 reduced holdings. 41 funds opened positions while 43 raised stakes. 20.08 million shares or 4.06% more from 19.30 million shares in 2017Q3 were reported.
Aqr Cap Management Ltd Liability holds 20,494 shares or 0% of its portfolio. Parametric Associate Limited Liability Company has 0.01% invested in Comtech Telecommunications Corp. (NASDAQ:CMTL). Chicago Equity Partners Ltd Liability Corporation reported 0.08% in Comtech Telecommunications Corp. (NASDAQ:CMTL). Lucus holds 0.48% or 15,025 shares in its portfolio. Parkside Retail Bank And invested 0% in Comtech Telecommunications Corp. (NASDAQ:CMTL). Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 1,478 shares. Paloma Prtn Co, a Connecticut-based fund reported 35,127 shares. Loews Corp invested in 0% or 21,165 shares. Adage Capital Grp Incorporated Ltd Liability Com accumulated 18,499 shares. Schwab Charles Investment Mngmt holds 0.01% or 410,628 shares. Moreover, Morgan Stanley has 0% invested in Comtech Telecommunications Corp. (NASDAQ:CMTL) for 129,329 shares. Bluecrest Cap Mngmt Ltd owns 0.01% invested in Comtech Telecommunications Corp. (NASDAQ:CMTL) for 15,448 shares. Vanguard Gp Inc accumulated 0% or 1.35 million shares. Blackrock stated it has 0% in Comtech Telecommunications Corp. (NASDAQ:CMTL). Assetmark holds 0% or 8 shares.

Since December 11, 2017, it had 0 insider buys, and 4 selling transactions for $3.57 million activity. The insider KORNBERG FRED sold 15,000 shares worth $309,750. Another trade for 30,000 shares valued at $642,269 was sold by PORCELAIN MICHAEL. Another trade for 82,700 shares valued at $2.52M was sold by BURT RICHARD L.

The stock of Comtech Telecommunications Corp. (NASDAQ:CMTL) hit a new 52-week high and has $33.34 target or 3.00 % above today’s $32.37 share price. The 8 months bullish chart indicates low risk for the $764.58 million company. The 1-year high was reported on Apr, 17 by Barchart.com. If the $33.34 price target is reached, the company will be worth $22.94M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 2.50% or $0.79 during the last trading session, reaching $32.37. About 29,186 shares traded. Comtech Telecommunications Corp. (NASDAQ:CMTL) has risen 99.11% since April 17, 2017 and is uptrending. It has outperformed by 87.56% the S&P500.

Analysts await Comtech Telecommunications Corp. (NASDAQ:CMTL) to report earnings on June, 6. They expect $0.11 EPS, down 15.38 % or $0.02 from last year’s $0.13 per share. CMTL’s profit will be $2.60 million for 73.57 P/E if the $0.11 EPS becomes a reality. After $0.07 actual EPS reported by Comtech Telecommunications Corp. for the previous quarter, Wall Street now forecasts 57.14 % EPS growth.

Comtech Telecommunications Corp. (NASDAQ:CMTL) Ratings Coverage

Among 4 analysts covering Comtech Telecommunications (NASDAQ:CMTL), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Comtech Telecommunications has $35.0 highest and $20.0 lowest target. $27’s average target is -16.59% below currents $32.37 stock price. Comtech Telecommunications had 7 analyst reports since November 14, 2017 according to SRatingsIntel. The rating was maintained by Northland Capital on Friday, December 8 with “Buy”. The firm has “Buy” rating given on Thursday, December 7 by BMO Capital Markets. The firm earned “Buy” rating on Friday, March 9 by Northland Capital. The company was maintained on Thursday, December 7 by Jefferies. Northland Capital maintained Comtech Telecommunications Corp. (NASDAQ:CMTL) on Tuesday, November 14 with “Buy” rating. The stock of Comtech Telecommunications Corp. (NASDAQ:CMTL) has “Buy” rating given on Friday, December 8 by Noble Financial. On Thursday, March 8 the stock rating was maintained by BMO Capital Markets with “Buy”.

Comtech Telecommunications Corp. designs, develops, produces, and markets products, systems, and services for communications solutions. The company has market cap of $764.58 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 29.7 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.

Comtech Telecommunications Corp. (NASDAQ:CMTL) Institutional Positions Chart

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