Comtech Telecommunications

Comtech Telecommunications Corp. engages in the provision of emergency systems and wireless and satellite communications. It operates through Satellite and Space Communication and Terrestrial and Wireless Networks segments. The Satellite and Space Communication segment offers satellite ground station technologies, services and system integration that facilitate the transmission of voice, video, and data over GEO, MEO, and LEO satellite constellations, including solid-state and traveling wave tube power amplifiers, modems, VSAT platforms and frequency converters. The Terrestrial and Wireless Networks segment provides SMS Text to 911 services, providing alternate paths for individuals who need to request assistance (via text messaging) method to reach Public Safety Answering Points. The company was founded in 1967 and is headquartered in Melville, NY.

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Comtech reports sequential revenue and EBITDA growth, anticipates improved margins

Comtech's Q3 performance showed revenue and adjusted EBITDA improvement, with a focus on meeting or exceeding guidance. While facing challenges in lower margin backlog, the company is optimistic about better margins in fiscal year 2024 and anticipates stronger bookings profile in Q4, particularly with U.S. government spending.

Comtech Telecommunications reports strong Q2 earnings and innovation focus

Comtech Telecommunications delivered strong Q2 2023 results, focusing on operational efficiency, innovation, and profitability. While supply chain challenges persist, the company is effectively managing a backlog above $700 million.
Strategic initiatives like EVOKE and One Comtech transformation are driving growth and enhancing decision-making. The decision to forego a common stock dividend showcases a commitment to long-term success and financial flexibility.
With a proactive approach to expanding margins, reducing leverage, and investing in growth opportunities, Comtech is well-positioned for future success. Leveraging its strong government relationships and innovation focus, the company aims to drive sustained growth.

Comtech reports strong Q3 earnings, eyes margin improvement strategies

Comtech's Q3 performance showed growth in net sales and bookings, meeting investor guidance.
The company is focused on margin improvement through supply chain optimization and cost reduction plans.
Strategic technology investments and emerging contracts present opportunities for revenue growth.
Challenges include managing backlog, cash flow, and addressing analyst inquiries on margins.

Comtech Telecommunications excels in Q4, eyes growth amid challenges

Comtech Telecommunications delivered strong financial results in Q4 2023, driven by revenue growth, margin expansion, and major contract wins, showcasing operational excellence and strategic success.
While facing challenges such as market volatility and margin improvement targets, Comtech's focus on innovation, efficiency, and customer-centric solutions positions it well for future growth and value creation.
With a clear roadmap for growth, ongoing transformation initiatives, and a commitment to shareholder value, Comtech is poised to capitalize on opportunities and navigate challenges in the evolving telecommunications landscape.

Comtech Telecommunications reports strong Q1 earnings and strategic wins

Comtech Telecommunications reported strong financial performance with revenue growth, positive operating income, and notable contract wins, reflecting progress in the One Comtech transformation.
The company's focus on operational enhancements, financial management, and strategic decisions positions it well for growth opportunities in the telecommunications sector.
While facing challenges in refinancing and operational integration, Comtech can leverage opportunities in next-gen 911 services, strategic wins, and financial optimization for sustained growth.
Overall, Comtech's Q1 2024 earnings call highlights its competitive positioning, growth potential, and strategic initiatives to drive performance and capitalize on market opportunities.

Comtech Telecommunications reports growth in Q2 2024 earnings and contract wins

Comtech Telecommunications delivered a solid performance in Q2 2024, with improved net sales and adjusted EBITDA, driven by operational enhancements and key contract wins. Despite challenges in net sales timing, the company remains optimistic about its financial outlook for fiscal 2024, supported by a strong backlog and revenue visibility.

Comtech Completes Refinancing, Focuses on Operational Efficiency

Comtech Telecommunications has navigated a challenging quarter with a strategic refinancing that positions it for future stability and growth. Despite a dip in net sales, the company's leadership is optimistic about resolving production and supply chain issues and capitalizing on substantial contracts to drive performance improvements.

Comtech Telecommunications faces Q4 challenges, eyes profitable growth strategies

Comtech Telecommunications Corp. faced challenges in Q4 2024 due to margin pressures and delayed military sales orders, prompting a transformation strategy for profitable growth.
Despite these challenges, the company achieved a record funded backlog and made progress in reducing unbilled receivables, reflecting strong demand and improved financial management.
Opportunities exist in transitioning development projects into production, streamlining operations, and identifying strategic alternatives for the terrestrial business to enhance profitability and efficiency.
Emphasis on transparency through Q&A sessions and operational improvements signal a proactive approach to addressing investor concerns and driving sustainable growth.

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Comtech Telecommunications Corp. engages in the provision of emergency systems and wireless and satellite communications. It operates through Satellite and Space Communications and Terrestrial and Wireless Networks segments. The Satellite and Space Communication segment offers satellite ground station technologies, services and system integration that facilitate the transmission of voice, video, and data over GEO, MEO, and LEO satellite constellations, including solid-state and traveling wave tube power amplifiers, modems, VSAT platforms and frequency converters. The Terrestrial and Wireless Networks segment provides SMS Text to 911 services, providing alternate paths for individuals who need to request assistance method to reach Public Safety Answering Points. The company was founded in 1967 and is headquartered in Chandler, AZ.

Los Angeles, California--(Newsfile Corp. - August 15, 2022) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Comtech Telecommunications Corp. ("Comtech" or "the Company") (NASDAQ: CMTL) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

INVESTIGATION NOTICE: The Schall Law Firm Encourages Investors in Comtech Telecommunications Corp. with Losses of $100,000 to Contact the Firm

LOS ANGELES--(BUSINESS WIRE)---- $CMTL #CMTL--The Schall Law Firm Encourages Investors in Comtech Telecommunications Corp. with Losses of $100,000 to Contact the Firm

INVESTIGATION REMINDER: The Schall Law Firm Encourages Investors in Comtech Telecommunications Corp. with Losses of $100,000 to Contact the Firm

MELVILLE, N.Y.--(BUSINESS WIRE)--August 10, 2022 -- Comtech Telecommunications Corp. (NASDAQ: CMTL) today announced that its Board of Directors has appointed Chairman Ken Peterman President and Chief Executive Officer, succeeding Michael Porcelain effective immediately. Mr. Porcelain has also resigned from Comtech's Board of Directors. Mr. Porcelain will be available to assist in the transition as needed. Mr. Peterman joined the Comtech Board in May 2022 after the Board initiated a national sea

Comtech Appoints Ken Peterman President and Chief Executive Officer

MELVILLE, N.Y.--(BUSINESS WIRE)--August 8, 2022-- Comtech Telecommunications Corp. (NASDAQ: CMTL) a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, announced today that during its fourth quarter of fiscal 2022, it was awarded a strategic order for its Comtech ELEVATE™ VSAT platform from a Tier One global service operator to provide 4G/LTE cellular backhaul connectivity in Latin America. The Comtech ELEVATE™ solution will enable t

Comtech Awarded Strategic Order of Next Generation ELEVATE™ VSAT Platform to Provide Premium Cellular Backhaul Connectivity in Latin America

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MELVILLE, N.Y.--(BUSINESS WIRE)--Aug. 2, 2022-- Comtech Telecommunications Corp. (NASDAQ: CMTL), a global leading provider of next-generation 911 emergency systems and secure wireless communications technologies, announced today that it will be showcasing all of the Company's Next Generation 911 (“NG911”) solutions at the annual Association of Public-Safety Communications Officials-International (“APCO”) Conference & Expo, August 7-10, 2022, at the Anaheim Convention Center in Anaheim, CA.

Comtech to Showcase 911 Solutions for States and Local Jurisdictions at APCO 2022

MELVILLE, N.Y.--(BUSINESS WIRE)--Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today that it has elected current independent director Ken Peterman as Chairman of the Board, effective July 22, 2022. Mr. Peterman will succeed Fred Kornberg, who is retiring as Chairman. Mr. Kornberg will also not stand for re-election to the Board and will step down as a director immediately preceding the next annual shareholder meeting. “As Comtech gets ready to start its fiscal 2023, the full Board i

Comtech Names Ken Peterman Chairman of the Board

MELVILLE, N.Y.--(BUSINESS WIRE)--June 20, 2022 -- Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, today announced that it will participate in the virtual East Coast IDEAS Investor Conference on Thursday, June 23, 2022. The company's presentation will be webcasted and is scheduled to be available on June 22, 2022 at 6:00 am ET. Comtech management will provide an overview of the Co

Comtech to Present Virtually at East Coast IDEAS Investor Conference

Comtech Telecommunications (NASDAQ:CMTL) announced a $0.10 cash dividend. This comes after results show a low EPS of $0.06.

Comtech Telecommunications is a strong sell as earnings plummet

Comtech Telecommunications Corp. (NASDAQ: CMTL) shares are trading lower after the company reported worse-than-expected third-quarter sales results. The company reported quarterly sales of $120.38 million which missed the analyst consensus estimate of $122.44 million.

Why Comtech Telecommunications Shares Are Trading Lower

Comtech Telecommunications Corp. (NASDAQ:CMTL ) Q3 2022 Earnings Conference Call June 9, 2022 5:00 PM ET Company Participants Robert Samuels - Head of Investor Relations Michael Porcelain - Chief Executive Officer and President Michael Bondi - Chief Financial Officer Conference Call Participants George Notter - Jefferies Joe Gomes - NOBLE Capital Markets Asiya Merchant - Citi Mick Latimore - Northland Capital Chris Quilty - Quilty Analytics Chris Sakai - Singular Research Operator Ladies and gentlemen, thank you for standing by. Welcome to Comtech Telecommunications Corp. Third Quarter Fiscal 2022 Earnings Conference Call.

Comtech Telecommunications Corp. (CMTL) CEO Michael Porcelain on Q3 2022 Results - Earnings Call Transcript

Comtech (CMTL) delivered earnings and revenue surprises of 300% and 0.18%, respectively, for the quarter ended April 2022. Do the numbers hold clues to what lies ahead for the stock?

Comtech Telecommunications (CMTL) Tops Q3 Earnings Estimates

Comtech Telecomm. Corp. (NASDAQ: CMTL) reported a third-quarter sales decline of 12.4% year-over-year to $122.1 million, missing the consensus of $122.44 million.

Comtech Telecomm Shares Crash After Q3 Results - Read To Know Details

MELVILLE, N.Y.--(BUSINESS WIRE)--June 9, 2022--Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, today announced its third quarter fiscal 2022 financial results and updated its fiscal 2022 financial targets in a letter to shareholders which is now posted to the Investor Relations section of Comtech's website. Investors are invited to access the third quarter fiscal 2022 shareholder

Comtech Telecommunications Corp. Announces Results for its Third Quarter of Fiscal 2022 and Updates Fiscal 2022 Financial Targets

MELVILLE, N.Y.--(BUSINESS WIRE)--June 7, 2022 -- Comtech Telecommunications Corp. (NASDAQ: CMTL), a global leading provider of next-generation 911 emergency systems and secure wireless communications technologies, announced today that it will be showcasing all of the Company's Next Generation 911 (“NG911”) solutions at the annual National Emergency Number Association (“NENA”) Conference & Expo, June 13-14, 2022, at the Kentucky International Convention Center in Louisville, KY. With decades

Comtech to Showcase 911 Solutions for States and Local Jurisdictions at NENA 2022

MELVILLE, N.Y.--(BUSINESS WIRE)--June 2, 2022-- Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, today announced that it will report its third quarter of fiscal 2022 results after the market closes on Thursday, June 9, 2022. The Company has scheduled an investor conference call for Thursday, June 9, 2022 at 5:00 PM ET. Investors are invited to access a live webcast of the conferen

Comtech Telecommunications Corp. to Report Third Quarter of Fiscal 2022 Results on June 9th

MELVILLE, N.Y.--(BUSINESS WIRE)--June 2, 2022-- Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, announced today that it has appointed a new divisional Chief Operating Officer (COO) in Jon Opalski and created a new General Manager of Digital Products position that will be filled by Bob Pescatore. Both individuals bring deep communications and military expertise to Comtech's satell

Comtech Strengthens Leadership Team for Its U.S. Based Satellite-Focused Business Line

MELVILLE, N.Y.--(BUSINESS WIRE)--June 1, 2022-- Comtech Telecommunications Corp. (NASDAQ: CMTL), a global leading provider of next-generation 911 emergency systems and secure wireless communications technologies, announced today that during its fourth quarter of fiscal 2022, its Trusted Location group, a division of Comtech's Commercial Solutions segment, was awarded an agreement with a tier one operator in the Kingdom of Saudi Arabia (KSA) to support their 5G standalone network. This is the se

Comtech Awarded a 5G Contract with a Tier-One Mobile Network Operator in the Kingdom of Saudi Arabia

MELVILLE, N.Y.--(BUSINESS WIRE)--May 12, 2022-- Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, today announced that Timothy Jenkins will become President of its Safety and Security Technologies product group, effective as of June 1, 2022. Jenkins has been with Comtech for over three years, joining the company through its 2019 acquisition of the state and local government next-ge

Comtech Promotes Timothy Jenkins to President of its Safety & Security Technologies Product Group

MELVILLE, N.Y.--(BUSINESS WIRE)--May 10, 2022--Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, announced today that it had appointed seasoned satellite executive Ken Peterman to Comtech's Board of Directors. Ken will join the Board's Science and Technology Committee. “This is a significant and pivotal time for Comtech, as we strive to be the global leader in Failsafe Communicatio

Comtech Appoints Ken Peterman to Board of Directors

MELVILLE, N.Y.--(BUSINESS WIRE)--April 13, 2022-- Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, announced today that it will present at NobleCon18, Noble Capital Markets' Eighteenth Annual Investor Conference at the Hard Rock Hotel & Casino, Hollywood, Florida on Wednesday, April 20, 2022 at 4:30 pm EDT. Comtech management will provide an overview of the Company and its bus

Comtech Telecommunications Corp. to Participate in NobleCon18 Investor Conference

MELVILLE, N.Y.--(BUSINESS WIRE)--April 12, 2022-- Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, announced today, that it is supplying gateway and user terminal antenna systems to SES for its second-generation O3b mPOWER Medium Earth Orbit (“MEO”) satellite constellation. These antenna solutions are part of Comtech's Failsafe Communications product suite and were designed and wi

Comtech Telecommunications Corp. to Supply SES With O3b mPOWER Gateway and User Terminals

MELVILLE, N.Y.--(BUSINESS WIRE)--April 11, 2022-- Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, today announced that it has named investment and financial analysis expert Robert Samuels as its Vice President of Investor Relations and Corporate Communications. This newly created position will significantly enhance Comtech's commitment to shareholder engagement and transparency.

Comtech Welcomes Robert Samuels as Vice President of Investor Relations and Corporate Communications

MELVILLE, N.Y.--(BUSINESS WIRE)--March 30, 2022-- Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, today announced that it has hired defense and communications industry veteran Maria Hedden as its new Chief Operating Officer (“COO”). Hedden's expertise is built on a storied career that includes over 20 years of executive P&L management experience focusing on improving business

Comtech Appoints Maria Hedden to Chief Operating Officer

MELVILLE, N.Y.--(BUSINESS WIRE)--March 28, 2022-- Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, announced today that the Company has donated COMET™ troposcatter systems at the request of the Ukrainian government. Our COMET™ over-the-horizon transportable terminals were specifically requested by the Ukrainian government to support their urgent need for communications that can be

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