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Comtech Telecommunications Corp. - CMTL STOCK NEWS

Welcome to our dedicated news page for Comtech Telecommunications (Ticker: CMTL), a resource for investors and traders seeking the latest updates and insights on Comtech Telecommunications.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Comtech Telecommunications's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Comtech Telecommunications's position in the market.

News
Comtech Partners with Eutelsat OneWeb to Deliver LEO Connectivity Services to Antarctica
Rhea-AI Summary
Comtech partners with Eutelsat OneWeb to deliver LEO connectivity services to Antarctica, achieving data rates of up to 120 Mbps. The trial showcases the advanced capabilities of Comtech's ELEVATE VSAT ground system, benefiting the scientific community in Antarctica.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.12%
Tags
partnership
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News
Comtech Partners with Arizona to Complete Transition to Statewide Next Generation 911 Services
Rhea-AI Summary
Comtech (CMTL) and Arizona Department of Administrations successfully complete statewide transition to Next Generation 911 services, enhancing emergency response capabilities and reliability in Arizona.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.16%
Tags
partnership
-
News
Comtech Names Telecommunications and Public Safety Leader Jeff Robertson as President of Terrestrial & Wireless Networks Business Segment
Rhea-AI Summary
Comtech (CMTL) appoints Jeff Robertson as President of Terrestrial and Wireless Networks segment, bringing extensive industry experience and successful track record. Robertson's leadership roles and achievements highlight his capability to drive growth and innovation within Comtech.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.13%
Tags
none
News
Comtech Announces Results for its Second Quarter of Fiscal 2024
Rhea-AI Summary
Comtech (CMTL) announces its second quarter fiscal 2024 financial results in a letter to shareholders, with details available on its website. The earnings conference call will be held today, following a recent leadership transition.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-25.43%
Tags
earnings
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News
Comtech to Report Second Quarter Fiscal 2024 Results on March 18, 2024
Rhea-AI Summary
Comtech (CMTL) to Release Q2 Fiscal 2024 Results and Conduct Conference Call on March 18, 2024
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.59%
Tags
conferences earnings
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News
Comtech Appoints John Ratigan as Interim Chief Executive Officer
Rhea-AI Summary
Comtech (CMTL) appoints John Ratigan as interim CEO, succeeding terminated Ken Peterman. Mark Quinlan named Chair of the Board. Ratigan brings extensive satellite technology experience and aims to continue delivering mission-critical solutions. The Board plans to search for a permanent CEO.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-27.26%
Tags
management
News
Comtech Selected by Innovation Canada to Join Exclusive Accelerated Growth Services Program
Rhea-AI Summary
Comtech (CMTL) joins Innovation Canada's Accelerated Growth Service (AGS) program, gaining access to financing, export opportunities, and a personalized team of government experts. The company's One Comtech transformation and strategic growth plans were recognized by the Canadian government, demonstrating trust and value. Comtech aims to deliver smart-enabled connectivity solutions and positive economic impacts across Canada, leveraging its expertise in satellite solutions and ground systems.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.67%
Tags
none
-
News
Washington State Awards Comtech $48 Million Multi-Year Contract Extension for Next Generation 911 Services
Rhea-AI Summary
Comtech (NASDAQ: CMTL) has been awarded a $48 million contract extension by Washington State to continue providing Next Generation 911 (NG911) services over the next five years, with the option to extend through 2034. The initial contract was awarded in 2016, making Washington a national leader in NG911 services. Comtech's President and CEO, Ken Peterman, expressed the company's value of the partnership and their commitment to supporting Washington's public safety mission. The NG911 system has been credited with saving countless lives and providing more effective 911 services in Washington State.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.6%
Tags
none
-
News
Comtech Receives Government Approval to Move Forward on $544 Million U.S. Army Contract
Rhea-AI Summary
Comtech (NASDAQ: CMTL) has received approval from the U.S. Army Contracting Command to move forward on a $544 million Global Field Service Representative (GFSR) contract. This contract will involve providing professional engineering services, as well as supplying and supporting satellite and terrestrial networking communications technologies for the Project Manager Tactical Network (PM TN) for the GFSR support program. The task order was awarded on Comtech’s existing contract with the U.S. Army, leveraging the ten-year, $5.1 billion Global Tactical Communications Systems (GTACS) II indefinite delivery/indefinite quantity (IDIQ) contract vehicle. Comtech was initially selected as one of multiple GTACS II IDIQ awardees in 2020, and this contract is designed to support the Program Executive Office Command, Control and Communications-Tactical (PEO C3T), and PM TN, providing rapid acquisition of a wide range of C3T hardware, software, engineering services, and logistics support services with an emphasis on tactical satellite communications.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.84%
Tags
none
News
Comtech Announces $45 Million Strategic Investment and Exchange of Convertible Preferred Stock
Rhea-AI Summary
Comtech Telecommunications Corp. announced a $45.0 million investment by White Hat Capital Partners LP and funds affiliated with Magnetar, which strengthens the company's financial flexibility and supports its strategic initiatives in satellite ground station infrastructure and next-generation terrestrial and wireless solutions. The investment involves the exchange of all outstanding shares of Comtech’s existing convertible preferred stock for a new series of convertible preferred stock. The investment enhances Comtech's ability to capitalize on recent large contract awards and growing customer demand for its satellite communications technologies and next-generation terrestrial and wireless solutions. The investment terms include a conversion price of $7.99 per share for the preferred stock, a 9.00% dividend payable in kind, or a 7.75% dividend payable in cash at Comtech’s election, and an optional redemption date of October 31, 2028.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
15.3%
Tags
none
Stock CMTL logo
Comtech Telecommunications Corp.

Nasdaq:CMTL

CMTL Rankings

#4712 Ranked by Market Cap
#1926 Ranked by Stock Gains
N/A Ranked by Dividends

CMTL Stock Data

66.20M
25.93M
4.59%
73.37%
7.62%
Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing
Manufacturing
Link
US
Annapolis

About CMTL

comtech telecommunications corp. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. we are technology leaders in the markets that we serve and conduct our business through three decentralized but complementary segments.