In a report released yesterday, Joe Gomes from Noble Financial maintained a Buy rating on Comtech Telecommunications (CMTL), with a price target of $38. The company’s shares opened today at $22.66, close to its 52-week low of $22.
According to TipRanks.com, Gomes is a 2-star analyst with an average return of 1.7% and a 56.3% success rate. Gomes covers the Services sector, focusing on stocks such as Information Services Group, DLH Holdings, and Vectrus.
Comtech Telecommunications has an analyst consensus of Moderate Buy, with a price target consensus of $40, representing a 76.5% upside. In a report issued on March 8, Northland Securities also assigned a Buy rating to the stock with a $42 price target.
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Based on Comtech Telecommunications’ latest earnings release for the quarter ending January 31, the company reported a quarterly net profit of $7.83 million. In comparison, last year the company had a net profit of $15.76 million.
Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is negative 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.
