In a report issued on December 7, Joe Gomes from Noble Financial maintained a Buy rating on Comtech Telecommunications (CMTL), with a price target of $38. The company’s shares closed on Friday at $28.44.
According to TipRanks.com, Gomes is ranked #3922 out of 5106 analysts.
Currently, the analyst consensus on Comtech Telecommunications is a Strong Buy with an average price target of $38.
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Based on Comtech Telecommunications’ latest earnings release for the quarter ending October 31, the company reported a quarterly net profit of $3.47 million. In comparison, last year the company had a GAAP net loss of $1.66 million.
Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is neutral on the stock.
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Comtech Telecommunications Corp. engages in the design, development, production, and market of products, systems, and services for advanced communications solutions. It operates through the Commercial Solutions and Government Solutions segment.
