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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.

Rhea-AI Summary
CodeMettle (Nasdaq: CMTL) to Support Comtech's U.S. Army Satellite Communications Modernization with EDIM Modems
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Comtech (CMTL) reports a 2.1% sequential increase in consolidated net sales to $151.9 million for Q1 fiscal 2024. Consolidated operating income also rose by 86.2% to $2.1 million. Additionally, the company achieved a Q1 consolidated adjusted EBITDA of $18.4 million, equivalent to 12.1% of consolidated net sales. Comtech's first quarter fiscal 2024 shareholder letter and second quarter fiscal 2024 financial targets are available on the company's Investor Relations website. The company also plans to host an earnings conference call at 5:00PM ET today.
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-29.68%
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Comtech (NASDAQ: CMTL) appoints John Ratigan as Chief Corporate Development Officer, leveraging his extensive experience in the satellite communications and defense technology industry to drive strategic business priorities and expansion into new growth markets.
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-0.41%
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Comtech (NASDAQ: CMTL) will release its first quarter fiscal 2024 results on December 7, 2023, followed by a conference call with President and CEO Ken Peterman to discuss the Company’s operations and business trends. The call will be available via webcast or phone, with a replay option until December 21, 2023.
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3.39%
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Comtech (NASDAQ: CMTL) receives $20.0 million order from UK-based partners, Spectra Group, to service multiple and expected follow-on orders from undisclosed customers in the NATO and European regions for the Compact Over-the-Horizon Transportable Terminal (COMET) system. The feature-rich, network agnostic COMET system provides resilient, secure beyond-line-of-sight (BLOS) capabilities for challenging environments. Comtech's Troposcatter FoS, including the COMET systems, offer innovative BLOS capabilities for military and end users by scattering microwave radio signals off the upper layers of the troposphere.
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-2.6%
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Stellant Systems, Inc. and Comtech have closed the sale of Comtech's Power Systems Technology product line, with Comtech receiving approximately $32.5 million in net cash proceeds. The funds were used to pay down outstanding debt on its existing Credit Facility.
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0.63%
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Comtech announces Q4 fiscal 2023 financial results and Q1 fiscal 2024 targets
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27.4%
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Stellant Systems to acquire Comtech Telecommunications' Power Systems Technology product line for $40 million.
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27.4%
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Comtech awarded $544 million U.S. Army contract for networking communications technologies
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8.39%
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Comtech plans to release its Q4 fiscal 2023 and full year results on October 12. CEO Ken Peterman will hold a conference call to discuss the results and business trends. Webcast and replay available.
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2.49%
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Comtech Telecommunications Corp.

Nasdaq:CMTL

CMTL Rankings

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.