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Comtech Telecommunications (CMTL) Falls: Stock Goes Down 7.4%

Zacks Equity Research


Comtech Telecommunications Corp. (CMTL) saw a big move in the last trading session, as the company’s shares fell by over 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent trend for CMTL, as the stock is now down nearly 18% since Nov 25.

The company, which designs, develops, produces and markets innovative products, systems and services for advanced communications solutions, has not seen any estimate revision over the past month, and the current year earnings consensus hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, especially on earnings estimates following the recent slump.

CMTL currently holds a Zacks Rank #3 (Hold).

Investors interested in the Wireless Equipment industry may consider better-ranked stocks like Aruba Networks, Inc. (ARUN), InterDigital, Inc. (IDCC) and ViaSat Inc. (VSAT), each of which holds a Zacks Rank #1 (Strong Buy).

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COMTECH TELECOMMUN CP (CMTL): Free Stock Analysis Report

ARUBA NETWORKS INC (ARUN): Free Stock Analysis Report

VIASAT INC (VSAT): Free Stock Analysis Report

INTERDIGITAL INC (IDCC): Free Stock Analysis Report


Zacks Investment Research