Comtech Telecommunications Corp. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. The Company sells products to a diverse customer base in the global commercial and government communications markets.

Company profile
Ticker
CMTL
Exchange
Website
CEO
Fred Kornberg
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Comtech AeroAstro, Inc. • Comtech Satellite Network Technologies, Inc. • Comtech Mobile Datacom Corporation • Comtech PST Corp. • Comtech Systems, Inc. • TeleCommunication Systems, Inc. • Comtech Solacom Technologies, Inc. • Solacom Technologies (US), Inc. • Comtech UK Holdings Limited • NG-911, Inc. ...
IRS number
112139466
CMTL stock data
News
Comtech Awarded Strategic Order Of Next Generation ELEVATE VSAT Platform To Provide Premium Cellular Backhaul Connectivity In Latin America
8 Aug 22
Keurig Dr Pepper And 2 Other Stocks Insiders Are Buying
20 Jul 22
12 Information Technology Stocks Moving In Tuesday's Pre-Market Session
19 Jul 22
Over $112 Million Bet On Occidental Petroleum? 4 Stocks Insiders are Buying
19 Jul 22
Comtech Telecomms's Return On Capital Employed Overview
27 Jun 22
Press releases
SHAREHOLDER ALERT: Lowey Dannenberg, P.C., Investigates Claims on Behalf of Investors of Comtech Telecommunications Corp. and Encourages Investors to Contact the Firm
18 Aug 22
INVESTIGATION ALERT: The Schall Law Firm Encourages Investors in Comtech Telecommunications Corp. with Losses of $100,000 to Contact the Firm
17 Aug 22
ONGOING INVESTIGATION NOTICE: The Schall Law Firm Encourages Investors in Comtech Telecommunications Corp. with Losses of $100,000 to Contact the Firm
16 Aug 22
Comtech to Present at the 12th Annual Midwest IDEAS Investor Conference on August 24th & 25th in Chicago, IL
16 Aug 22
ONGOING INVESTIGATION REMINDER: The Schall Law Firm Encourages Investors in Comtech Telecommunications Corp. with Losses of $100,000 to Contact the Firm
16 Aug 22
Analyst ratings and price targets
Current price
Average target
$12.00
Low target
$10.00
High target
$14.00
Jefferies
Downgraded
$10.00
Noble Capital Markets
Upgraded
$12.00
Citigroup
Maintains
$14.00
Calendar
9 Jun 22
20 Aug 22
31 Jul 23
Financial summary
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Diluted EPS |
Annual (USD) | Jul 21 | Jul 20 | Jul 19 | Jul 18 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 32.83M | 32.83M | 32.83M | 32.83M | 32.83M | 32.83M |
Cash burn (monthly) | (no burn) | 530.58K | 265.33K | 2.03M | 376.67K | (no burn) |
Cash used (since last report) | n/a | 1.96M | 977.9K | 7.47M | 1.39M | n/a |
Cash remaining | n/a | 30.88M | 31.85M | 25.36M | 31.44M | n/a |
Runway (months of cash) | n/a | 58.2 | 120.0 | 12.5 | 83.5 | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
12 Aug 22 | Mark R. Quinlan | RSU Common Stock Par Value $.10 Per Share | Grant | Acquire A | No | No | 0 | 10,718 | 0 | 13,723 |
12 Aug 22 | Shamash Yacov A | RSU Common Stock Par Value $.10 Per Share | Grant | Acquire A | No | No | 0 | 10,718 | 0 | 26,154 |
12 Aug 22 | Maria Hedden | RSU Common Stock Par Value $.10 Per Share | Grant | Acquire A | No | No | 0 | 11,145 | 0 | 39,472 |
12 Aug 22 | Waldman Lawrence | RSU Common Stock Par Value $.10 Per Share | Grant | Acquire A | No | No | 0 | 10,718 | 0 | 26,422 |
12 Aug 22 | Judy Chambers | RSU Common Stock Par Value $.10 Per Share | Grant | Acquire A | No | No | 0 | 10,718 | 0 | 15,220 |
Institutional ownership, Q2 2022
74.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 136 |
Opened positions | 20 |
Closed positions | 15 |
Increased positions | 48 |
Reduced positions | 41 |
13F shares | Current |
---|---|
Total value | 185.18M |
Total shares | 20.41M |
Total puts | 199.9K |
Total calls | 51.6K |
Total put/call ratio | 3.9 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 4.27M | $38.69M |
Cooper Creek Partners Management | 1.85M | $16.75M |
Dimensional Fund Advisors | 1.69M | $15.37M |
Vanguard | 1.67M | $15.16M |
Royce & Associates | 987.35K | $8.96M |
STT State Street | 951K | $8.63M |
Hotchkis & Wiley Capital Management | 797.71K | $7.24M |
Boothbay Fund Management | 647.58K | $5.87M |
Geode Capital Management | 471.09K | $4.27M |
Pacific Ridge Capital Partners | 431.51K | $3.91M |
Financial report summary
?Management Discussion
- Net Sales. Consolidated net sales were $581.7 million and $616.7 million for fiscal 2021 and 2020, respectively, representing a decrease of $35.0 million, or 5.7%. The period-over-period decrease in net sales reflects lower net sales in our Government Solutions segment, partially offset by higher net sales in our Commercial Solutions segment. Net sales by operating segment are discussed below.
- Net sales in our Commercial Solutions segment were $360.1 million for fiscal 2021, as compared to $353.7 million for fiscal 2020, an increase of $6.4 million, or 1.8%. Our Commercial Solutions segment represented 61.9% of consolidated net sales for fiscal 2021 as compared to 57.4% for fiscal 2020. Our book-to-bill ratio (a measure defined as bookings divided by net sales) for this segment was 1.23. Period-to-period fluctuations in bookings are normal for this segment. As further discussed below, long-term demand for our Commercial Solutions segment's products and technologies appears strong and we believe fiscal 2022 net sales for this segment will be higher than the amount we achieved in fiscal 2021.
- Net sales of our satellite ground station technologies for fiscal 2021 were higher than fiscal 2020. Fiscal 2021 benefited from a nominal amount of sales related to our acquisition of UHP Networks Inc. ("UHP") on March 2, 2021, which extended our product offerings to include TDMA satellite modems. We believe UHP developed revolutionary technology, which has the potential to transform the growing Very Small Aperture Terminal ("VSAT") market, as demand for high-speed satellite-based networks are projected to grow significantly. As a result of the acquisition, we believe we are well positioned for long-term growth in this market.
Content analysis
?Positive | ||
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Readability |
H.S. sophomore Avg
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New words:
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Removed:
assembled, avoid, carrier, Channel, Electrical, Electromechanical, electronic, generate, identification, optimistic, pattern, preliminary, primary, range, royalty, saved, SCPC, significance, skilled, unobservable, upfront, workforce
Financial reports
Current reports
8-K
Comtech Appoints Ken Peterman President and Chief Executive Officer
10 Aug 22
8-K
Comtech Names Ken Peterman Chairman of the Board
25 Jul 22
8-K
Comtech Third Quarter Fiscal Year 2022 Shareholder Letter
9 Jun 22
8-K
Comtech Appoints Ken Peterman to Board of Directors
10 May 22
8-K
Other Events
6 May 22
8-K
Comtech Appoints Maria Hedden to Chief Operating Officer
1 Apr 22
8-K
Comtech Second Quarter Fiscal Year 2022 Shareholder Letter
10 Mar 22
8-K
Comtech Telecommunications Corp. Board Unanimously Rejects Unsolicited Offer from Acacia Research Corporation
25 Jan 22
8-K
Departure of Directors or Certain Officers
5 Jan 22
8-K
Departure of Directors or Certain Officers
3 Jan 22
Registration and prospectus
424B3
Prospectus supplement
26 Jul 22
424B3
Prospectus supplement
16 Mar 21
S-3/A
Shelf registration (amended)
12 Mar 21
S-3
Shelf registration
3 Mar 21
RW
Registration withdrawal request
15 Oct 20
425
Business combination disclosure
29 Sep 20
425
Business combination disclosure
26 Aug 20
425
Business combination disclosure
5 Aug 20
Proxies
DEFA14A
Additional proxy soliciting materials
17 Dec 21
DEFA14A
Additional proxy soliciting materials
16 Dec 21
DFAN14A
Additional proxy materials by non-management
15 Dec 21
DEFA14A
Additional proxy soliciting materials
13 Dec 21
DFAN14A
Additional proxy materials by non-management
13 Dec 21
DFAN14A
Additional proxy materials by non-management
9 Dec 21
DEFA14A
Additional proxy soliciting materials
8 Dec 21
DFAN14A
Additional proxy materials by non-management
8 Dec 21
DEFA14A
Additional proxy soliciting materials
7 Dec 21
DEFA14A
Additional proxy soliciting materials
6 Dec 21
Other
EFFECT
Notice of effectiveness
26 Jul 22
EFFECT
Notice of effectiveness
26 Jul 22
SD
Conflict minerals disclosure
31 May 22
SD
Conflict minerals disclosure
1 Jun 21
EFFECT
Notice of effectiveness
16 Mar 21
CORRESP
Correspondence with SEC
11 Mar 21
UPLOAD
Letter from SEC
4 Mar 21
SD
Conflict minerals disclosure
1 Jun 20
EFFECT
Notice of effectiveness
6 Apr 20
CORRESP
Correspondence with SEC
31 Mar 20
Ownership
4
COMTECH TELECOMMUNICATIONS / MICHAEL BONDI ownership change
15 Aug 22
4
COMTECH TELECOMMUNICATIONS / Nancy Stallone ownership change
15 Aug 22
4
COMTECH TELECOMMUNICATIONS / Judy Chambers ownership change
15 Aug 22
4
COMTECH TELECOMMUNICATIONS / Wendi B. Carpenter ownership change
15 Aug 22
4
COMTECH TELECOMMUNICATIONS / LISA /ADV LESAVOY ownership change
15 Aug 22
4
COMTECH TELECOMMUNICATIONS / Lawrence Waldman ownership change
15 Aug 22
4
COMTECH TELECOMMUNICATIONS / MARIA HEDDEN ownership change
15 Aug 22
4
COMTECH TELECOMMUNICATIONS / Mark R. Quinlan ownership change
15 Aug 22
4
COMTECH TELECOMMUNICATIONS / YACOV A SHAMASH ownership change
15 Aug 22
4
COMTECH TELECOMMUNICATIONS / MICHAEL PORCELAIN ownership change
11 Aug 22
Transcripts
2022 Q3
Earnings call transcript
10 Jun 22
2022 Q2
Earnings call transcript
11 Mar 22
2022 Q1
Earnings call transcript
10 Dec 21
2021 Q4
Earnings call transcript
5 Oct 21
2021 Q3
Earnings call transcript
9 Jun 21
2021 Q2
Earnings call transcript
12 Mar 21
2021 Q1
Earnings call transcript
10 Dec 20
2021 Q1
Earnings call transcript
10 Dec 20
2020 Q4
Earnings call transcript
29 Sep 20
2020 Q3
Earnings call transcript
3 Jun 20
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