Comtech Telecommunications Cp Stock Price, News & Analysis

Comtech Telecommunications Corp. (CMTL) reported its Q3 fiscal 2021 results with consolidated net sales of $139.4 million and Adjusted EBITDA of $17.7 million, exceeding expectations. The company achieved a book-to-bill ratio of 0.83 with a backlog of $636.5 million and revenue visibility of approximately $1.1 billion. Although it incurred $5.3 million in acquisition plan expenses, it anticipates fiscal 2021 consolidated net sales between $580 million and $590 million, primarily impacted by U.S. troop withdrawals from Afghanistan. The firm is confident in achieving growth in fiscal 2022.

Comtech Telecommunications Corp. (NASDAQ: CMTL) announced it will release its Q3 fiscal 2021 results after market close on June 8, 2021.

An investor conference call is scheduled for the same day at 4:30 PM ET, accessible via a live webcast or by phone. Comtech is recognized for its secure wireless communication technologies, serving over 1,000 customers globally. The press release includes cautionary statements about forward-looking information, acknowledging significant risks and uncertainties that may affect actual results.

Comtech Telecommunications Corp. (NASDAQ: CMTL) announced its first international 5G location services contract with a tier-one mobile network operator in Australia during Q3 of fiscal 2021. The Location Technologies group aims to enhance public safety services across 3G, 4G, and now 5G networks. CEO Fred Kornberg emphasized the company's history of long-term customer partnerships and the significance of their location technology in supporting enterprises globally. Comtech continues to serve over 1,000 customers in more than 100 countries, delivering advanced secure wireless solutions.

Comtech Telecommunications Corp. (NASDAQ: CMTL) announced a $1.6 million contract for RF microwave solid-state amplifiers, awarded to its subsidiary, Comtech PST Corp. This follows an earlier $1.7 million contract this fiscal year, reinforcing the company's position in military applications. The amplifiers utilize advanced GaN transistor technology and are designed for a complex RF microwave transmission system for the U.S. Military. This highlights Comtech's technical expertise and the ongoing demand for its high-power amplifier products.

Comtech Telecommunications Corp. (NASDAQ: CMTL) announced a $2.0 million order to supply command and control modules to the U.S. Marine Corps as part of its Government Solutions segment during Q3 of fiscal 2021. This order enhances the company’s presence in military communications, positioning its rugged baseband products in critical operations. Comtech, based in Melville, New York, serves over 1,000 clients in more than 100 countries, focusing on secure wireless solutions. The press release also notes inherent risks in forward-looking statements as per SEC regulations.

Comtech Telecommunications Corp. (NASDAQ: CMTL) announced a follow-on order exceeding $1 million for Falcon 50Ka Solid-State Power Amplifiers from its subsidiary, Comtech Xicom Technology, for in-flight connectivity applications. This order reflects the rising demand for high-bandwidth solutions, enabling travelers to stay connected during flights. The Falcon amplifiers are designed for Ku and Ka frequency bands and offer advanced features to support modern communication needs. The company sees substantial growth opportunities in the expanding market for in-flight connectivity.

On May 17, 2021, Comtech Telecommunications Corp. (NASDAQ: CMTL) announced a $2 million order awarded to its Santa Clara subsidiary, Comtech Xicom Technology, for rugged Ka-band high power traveling wave tube amplifiers (TWTAs). These amplifiers will support a U.S. military communications system, enabling secure internet access for soldiers without fixed infrastructure. CEO Fred Kornberg highlighted the global significance of Xicom's high-power amplifiers in military applications. The company continues to lead in developing advanced secure wireless solutions across various markets.

Comtech Telecommunications Corp. (NASDAQ: CMTL) announced a contract exceeding $3.0 million for QV-band traveling wave tube amplifiers from its subsidiary, Comtech Xicom Technology, Inc. This order supports a new high-speed satellite network, reinforcing Comtech's leadership in QV-band technology, which offers significant bandwidth for High Throughput Satellite applications. CEO Fred Kornberg expressed optimism about future growth opportunities, citing technical leadership in the satellite communication market. The firm manufactures a variety of power amplifiers for diverse military and commercial applications.

Comtech Telecommunications Corp. (NASDAQ: CMTL) announced a significant $9.8 million contract with a major tier-one mobile network operator for its Location Technologies group during Q3 fiscal 2021. This contract focuses on enhancing virtualized applications and 5G products. Fred Kornberg, CEO, highlighted the stability and mutual benefits derived from the ongoing relationship with this customer, emphasizing their commitment to service enhancements. Comtech provides advanced location, mapping, and messaging solutions globally to various sectors, including public safety and mobile networks.