STOCK TITAN

Comtech Telecommunications (CMTL) Stock News

CMTL NASDAQ

Comtech Telecommunications reports developments across mission-critical communications technologies for government, public safety, defense, mobile network and commercial customers. Its updates cover the Satellite and Space Communications segment, including satellite modems, amplifiers, troposcatter technologies, cybersecurity training and space components, as well as Allerium, the segment focused on Next Generation 9-1-1 infrastructure, emergency services and location-intelligence platforms.

Recurring news includes NG911 deployments for public-safety agencies, SATCOM modem deliveries, multi-orbit terminal collaborations, space components awards, and quarterly operating results. Company announcements also discuss backlog, product-line streamlining, transformation initiatives and the role of Comtech systems in secure, resilient connectivity across orbit, network and ground.

Rhea-AI Summary

Comtech (NASDAQ: CMTL) reported fiscal 2026 results showing lower sales but improved annual profitability measures and positive operating cash flow. Continuing-operations sales fell 17.0% to $249.6 million, while gross margin rose to 38.9% from 31.6%. The common-shareholder net loss narrowed to $51.0 million from $67.9 million. Adjusted EBITDA, a non-GAAP earnings measure, increased to $20.6 million from $16.4 million.

Continuing-operations operating cash flow was $25.0 million; consolidated year-end liquidity reached $61.3 million. Fourth-quarter sales fell 12.1% to $66.2 million, and operating loss widened to $3.9 million from $0.8 million. Comtech agreed to sell most of its satellite and space business to Wavestream, a Gilat affiliate, for a $157.5 million base cash price. Closing is expected in calendar 2026, subject to conditions and regulatory approvals. Comtech anticipates approximately $16.0 million–$18.0 million in annual savings after about one year of transition implementation.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.28%
Tags
-
News
Rhea-AI Summary

Comtech (NASDAQ: CMTL) appointed Richard Nyren as Executive Vice President, Finance, and Amy Rothstein-Hovey as General Counsel as it prepares for a business transition. Nyren joined on October 8, 2026, and will succeed Michael Bondi as CFO after the first-quarter fiscal 2027 Form 10-Q filing, currently anticipated by December 10, 2026. Bondi will remain CFO through that filing and assist with the handover.

Rothstein-Hovey joined on October 1, 2026, and will succeed Don Walther as Chief Legal Officer and Corporate Secretary immediately after the anticipated sale of most of the Satellite & Space Communications segment. Walther will retain those roles through closing and assist with the transition. Comtech plans to center its future operations on Allerium's public safety business, led by Jeff Robertson.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.28%
Tags
none
-
Rhea-AI Summary

Comtech Telecommunications (CMTL) plans to release its fourth quarter and fiscal year 2026 operating results after market close on October 14, 2026. Its leadership team will discuss results, operations and business trends on a conference call at 5:00 p.m. ET that day. A public webcast will be available through the investor relations section of Comtech’s website, with a telephone replay available through October 28, 2026.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.71%
Tags
conferences earnings date
Rhea-AI Summary

Comtech Telecommunications (CMTL) appointed Christopher D. Maloney as an independent director, effective October 1, 2026, bringing its board to seven directors.

Maloney brings four decades of leadership experience in public safety and mission-critical communications, including operating and board roles in 9-1-1 emergency communications. He founded TriTech Software Systems and led its sale to Bain Capital in 2018. Comtech said the appointment supports its move toward public safety following the anticipated closing of the sale of most of its Satellite & Space Communications segment.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.30%
Tags
management
-
Rhea-AI Summary

Comtech (NASDAQ:CMTL) announced that Jeff Robertson, President of its Allerium emergency communications business, has been appointed to the Board of the First Responder Network Authority (FirstNet Authority) by U.S. Secretary of Commerce Howard Lutnick.

Robertson will support FirstNet while continuing to lead Allerium.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.59%
Tags
none
-
Rhea-AI Summary

Comtech (NASDAQ:CMTL) introduced Allerium Coral, a network-native NG9-1-1 capability that coordinates critical incident data across agencies, systems, and workflows via the ESInet. It aims to keep emergency information connected, secure, and standards-based, reducing fragmented portals and over-the-top solutions.

Coral integrates with Allerium Mira, Comtech’s cloud-native platform, to deliver incident data directly into emergency communication center workflows. A phased rollout will start with inter-agency coordination, later expanding to broader data integration across public safety, first responders, and healthcare providers.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.24%
Tags
none
Rhea-AI Summary

Comtech (NASDAQ:CMTL) announced that Allerium Mira, its cloud-native call handling platform for NG9-1-1, is now available and entering agency deployments. Mira supports voice, text-to-9-1-1 and future workflows, targeting Emergency Communications Centers seeking flexibility and reduced operational complexity.

The microservices-based platform can be deployed in shared, private, hybrid, or edge environments and integrates with Allerium’s NGCS and ESInet. Early agency evaluations focus on workflows, interoperability, scalability, and user experience. Mira will be showcased at the NENA 2026 Conference in Columbus, Ohio.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.25%
Tags
none
-
Rhea-AI Summary

Comtech (NASDAQ:CMTL) reported Q3 fiscal 2026 results and major strategic actions. Net sales were $106.0 million (down 16.4% year-over-year), with 34.0% gross margin, an operating loss of $3.1 million, and net loss attributable to common shareholders of $14.3 million.

Adjusted EBITDA was $8.2 million, bookings were $70.5 million (0.67x book-to-bill), backlog reached $696.1 million and revenue visibility about $1.1 billion. Operating cash flow was $6.1 million, the fifth consecutive positive quarter, with liquidity of $49.4 million. Comtech agreed to sell most of its Satellite and Space Communications business to Gilat for $157.5 million and highlighted improved terms with creditors and preferred shareholders, supporting a streamlined focus on next-generation public safety and mission-critical technologies under the Allerium brand.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-42.96%
Tags
-
Rhea-AI Summary

Comtech (NASDAQ:CMTL) agreed to sell most of its Satellite and Space Communications segment to Gilat for $157.5 million, including $10 million paid at signing. Comtech will retain certain cyber assets and some receivables, and expects closing in Q4 2026, subject to regulatory approvals.

Net cash proceeds are estimated at $143–145 million, mainly earmarked to repay senior and subordinated debt. The company will refocus as Allerium, a public safety technology business, targeting higher recurring software and services revenue, with expected annual cost savings of $11–13 million after transition.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-42.96%
Tags
none
Rhea-AI Summary

Comtech (NASDAQ:CMTL) will release its third quarter fiscal 2026 operating results before market open on Monday, June 15, 2026. At 8:30 a.m. ET, leadership will host an earnings conference call to review results, operations, and business trends, with a real-time webcast available via the investor relations section of Comtech's website.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.23%
Tags
conferences

FAQ

What is the current stock price of Comtech Telecommunications (CMTL)?

Comtech Telecommunications (CMTL) last closed at $1.24.

What is the market cap of Comtech Telecommunications (CMTL)?

The market cap of Comtech Telecommunications (CMTL) is approximately $37.4M.