Comtech Telecommunications Corp. designs, develops, produces, and markets products, systems, and services for communications solutions in the United States and internationally. It operates in two segments, Commercial Solutions and Government Solutions. The Commercial Solutions segment offers satellite ground station technologies, including modems, amplifiers, frequency converters, and network software to modulate, demodulate, and amplify signals, as well as to carry voice, video, and/or data over networks; and public safety and location technologies covering 911 call routing solutions that allow cellular carriers and over the Internet carriers to deliver emergency calls to public safety emergency call centers. The Government Solutions segment provides mission-critical technologies comprising tactical satellite-based networks, such as satellite modems, ruggedized routers, and solid-state drives; very small aperture terminals; and sustainment services for the secret Internet Protocol router and non-classified Internet Protocol router access point. This segment also offers high-performance transmission technologies that are used in communication systems comprising electronic warfare, radar, and identification friend or foe (IFF); troposcatter technologies for satellite communication; and high-power amplifiers and related switching technologies that are used in electronic warfare, communications, radar, IFF, and medical applications, such as oncology cancer treatment systems. The company serves satellite systems integrators, wireless and other communication service providers, satellite broadcasters, prime contractors and system suppliers, medical equipment companies, aviation industry system integrators, oil companies, and domestic and international defense and government customers, as well as end-customers. Comtech Telecommunications Corp. was founded in 1967 and is headquartered in Melville, New York.
IPO Year:
Exchange: NASDAQ
Website: comtechtel.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/25/2024 | $3.50 | Underperform → Hold | Jefferies |
| 12/15/2023 | $18.25 | Buy | B. Riley Securities |
| 12/8/2023 | $10.00 → $7.50 | Hold → Underperform | Jefferies |
| 6/15/2022 | $32.00 → $10.00 | Buy → Hold | Jefferies |
| 6/13/2022 | $12.00 | Market Perform → Outperform | Noble Capital Markets |
| 12/13/2021 | $24.00 → $27.00 | Neutral | Citigroup |
| 10/5/2021 | $26.00 → $24.00 | Neutral | Citigroup |
| 10/5/2021 | Outperform → Market Perform | Noble Capital Markets |
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Allerium president to help advance the nation's public safety broadband network July 7, 2026-- Comtech Telecommunications Corp. (NASDAQ:CMTL) ("Comtech" or the "Company"), a global communications technology leader, today announced that Jeff Robertson, President of Allerium, has been appointed to the Board of the First Responder Network Authority (FirstNet Authority), the independent federal authority responsible for overseeing the development and evolution of FirstNet, the nationwide public safety broadband network dedicated to America's first responders. The appointment was made by U.S. Secretary of Commerce Howard Lutnick. "I am deeply honored by this appointment and grateful for the
New network-native capability helps coordinate critical incident information across agencies, systems, and workflows June 23, 2026-- Comtech Telecommunications Corp. (NASDAQ:CMTL) ("Comtech" or the "Company"), a global communications technology leader, today announced Allerium Coral, a new network-native capability that advances how critical information is coordinated and exchanged across Next Generation 9-1-1 ("NG9-1-1") environments, the modern digital infrastructure supporting emergency communications. While NG9-1-1 has modernized the transport of voice and emerging data types such as text, multimedia, and location information, critical information often remains fragmented across dis
Cloud-native call handling platform enters agency deployment as NG9-1-1 modernization accelerates June 18, 2026-- Comtech Telecommunications Corp. (NASDAQ:CMTL) ("Comtech" or the "Company"), a global communications technology leader, today announced the availability of Allerium Mira, its cloud-native call handling platform purpose-built to support the evolving demands of Next Generation 9-1-1 ("NG9-1-1") emergency communications. Following its introduction last year, Mira is now entering agency environments as public safety organizations evaluate next-generation approaches to handling voice, text to 9-1-1, and future communication workflows. Emergency Communications Centers ("ECCs") are
Transformative acquisition for $157.5 million creates a company exceeding $700 million in projected annual revenue, positioned to capitalize on accelerating global demand for mission-critical defense, satellite, space, and resilient communications solutions Transaction is expected to be fully funded from Gilat's existing cash resources, supported by its strong balance sheet, which included net cash of approximately $170 million as of the end of Q1 2026 Accelerates Gilat's transformation into a leading provider of mission-critical defense and satellite communications solutions, creating a scaled organization in the rapidly evolving satellite ground infrastructure market and more than doubl
Comtech Telecommunications Corp. (NASDAQ:CMTL) ("Comtech" or the "Company"), a global communications technology leader, today reported financial results for its third quarter ended April 30, 2026. Ken Traub, Chairman, President and CEO, stated: "When I stepped into the CEO role in early 2025, I announced a transformation plan which featured four pillars: (1) Operational discipline, (2) Returning to positive operating cash flow, (3) Conducting a comprehensive review of strategic alternatives, and (4) Strengthening our capital structure. Our results and announcements today demonstrate that we are successfully delivering on each of those promises. The operational improvements that we hav
Comtech Also Announces Amendments to Existing Credit Facilities and Convertible Preferred Stock Agreements to Strengthen Financial Flexibility Transactions Represent a Successful Outcome of the Previously Announced Strategic Review Processes and Underscore the Company's Significantly Improved Financial and Operating Performance Company Positioned to be a Public Safety Technology Leader with Strong Recurring Revenue, Long-Term Growth Opportunities and Improving Margin Profile Comtech Telecommunications Corp. (NASDAQ:CMTL) ("Comtech" or the "Company"), a global communications technology leader, today announced that it has entered into a definitive agreement (the "Transaction") to sell m
June 12, 2026-- Comtech Telecommunications Corp. (NASDAQ:CMTL) ("Comtech" or the "Company"), a global communications technology leader, today announced that it plans to release its third quarter fiscal 2026 operating results before the market opens on Monday, June 15, 2026. At 8:30 a.m. ET that day, Comtech's leadership team will hold a conference call to discuss the Company's third quarter fiscal 2026 results, operations and business trends. A real-time webcast of the call will be available to the public at the investor relations section of the Comtech web site at www.comtech.com. Alternatively, investors can access the conference call by dialing (833) 354-6854 (primary) or (785) 838-934
Facility strengthens call handling operations, builds on deployment momentum, and supports agencies across North America and globally May 12, 2026-- Comtech Telecommunications Corp. (NASDAQ:CMTL) ("Comtech" or the "Company"), a global communications technology leader, today announced the opening of its new purpose-built facility in Gatineau, Quebec, supporting its Allerium segment. The new office reflects Allerium's continued commitment to Canada and its long-standing presence in the region. Allerium is grateful for the support of the City of Gatineau and the Province of Quebec, whose partnership has helped enable this next phase of growth. Designed to support collaboration and operatio
Go-Live Achieved in Under Eight Months Reinforces Proven Deployment Speed April 8, 2026-- Comtech Telecommunications Corp. (NASDAQ:CMTL) ("Comtech" or the "Company"), a global communications technology leader, today announced that its Allerium business segment, formerly known as the Terrestrial & Wireless Networks segment, has reached a significant milestone in its statewide contract to design, deploy, and operate Next Generation 9-1-1 ("NG9-1-1") services for the Commonwealth of Kentucky. On December 4, 2025, Allerium migrated the first Public Safety Answering Point ("PSAP")—Bluegrass 911 Communications—onto the Commonwealth's new service and delivered the first NG9-1-1 text and voice
Expands longstanding partnership to deploy first ESInet and Next Generation Core Services within state March 25, 2026-- Comtech Telecommunications Corp. (NASDAQ:CMTL) ("Comtech" or the "Company"), a global communications technology leader, today announced that the 911 Association of Central Oklahoma Governments ("911 ACOG") has selected Allerium to deliver Next Generation 9-1-1 ("NG911") call routing services that will modernize emergency communications infrastructure across the region. Allerium has partnered with 911 ACOG for the past five years, providing its NENA i3-compliant call handling solution across all 22 Emergency Communications Centers ("ECCs") serving more than 740,000 resi
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Jefferies upgraded Comtech Telecom from Underperform to Hold and set a new price target of $3.50
B. Riley Securities initiated coverage of Comtech Telecom with a rating of Buy and set a new price target of $18.25
Jefferies downgraded Comtech Telecom from Hold to Underperform and set a new price target of $7.50 from $10.00 previously
Jefferies downgraded Comtech Telecom from Buy to Hold and set a new price target of $10.00 from $32.00 previously
Noble Capital Markets upgraded Comtech Telecom from Market Perform to Outperform and set a new price target of $12.00
Citigroup reiterated coverage of Comtech Telecom with a rating of Neutral and set a new price target of $27.00 from $24.00 previously
Citigroup reiterated coverage of Comtech with a rating of Neutral and set a new price target of $24.00 from $26.00 previously
Noble Capital Markets downgraded Comtech Telecom from Outperform to Market Perform
Citigroup reiterated coverage of Comtech with a rating of Neutral and set a new price target of $26.00 from $29.00 previously
Northland Capital Markets reiterated coverage of Comtech with a rating of Outperform and set a new price target of $28.00 from $31.00 previously
Live Leadership Updates
Comtech Also Announces Amendments to Existing Credit Facilities and Convertible Preferred Stock Agreements to Strengthen Financial Flexibility Transactions Represent a Successful Outcome of the Previously Announced Strategic Review Processes and Underscore the Company's Significantly Improved Financial and Operating Performance Company Positioned to be a Public Safety Technology Leader with Strong Recurring Revenue, Long-Term Growth Opportunities and Improving Margin Profile Comtech Telecommunications Corp. (NASDAQ:CMTL) ("Comtech" or the "Company"), a global communications technology leader, today announced that it has entered into a definitive agreement (the "Transaction") to sell m
December 11, 2025-- Comtech Telecommunications Corp. (NASDAQ:CMTL) ("Comtech" or the "Company"), a global communications technology leader, today announced that its Board of Directors (the "Board") has appointed Mary Jane Raymond as an independent director, effective December 11, 2025. Following Ms. Raymond's appointment, the Board consists of eight directors. Ms. Raymond brings more than three decades of public company finance and governance experience. From 2014 through 2024, she served as Chief Financial Officer of Coherent Corp. (NYSE:COHR), formerly II-VI Incorporated, a global leader in engineered materials and optoelectronic components with revenue exceeding $5.8 billion. She previo
August 18, 2025-- Comtech Telecommunications Corp. (NASDAQ:CMTL) ("Comtech" or the "Company"), a global communications technology leader, today announced that its Board of Directors (the "Board") has appointed Lloyd A. Sprung as an independent director, effective August 18, 2025. Mr. Sprung possesses more than three decades of corporate finance and capital markets experience, having held senior executive roles at leading investment banks including Evercore and UBS. He is currently the managing member of LAS Advisors, an independent financial and strategic advisory firm. "We are pleased to welcome Lloyd to the Board at this important time for our Company," said Ken Traub, Chairman, Presi
February 18, 2025-- Comtech Telecommunications Corp. (NASDAQ:CMTL) ("Comtech" or the "Company"), a global communications technology leader, today announced that the Comtech Board of Directors (the "Board") has appointed David (Dave) B. Kagan as an independent director to the Board, effective February 13, 2025. Mr. Kagan has deep experience leading satellite communications companies over the course of his career, which spans more than 35 years. Most recently, he served as CEO of Globalstar, where he drove significant top and bottom line improvements. He also expanded Globalstar's services beyond the legacy of one-way messaging and GPS to focus on satellite IoT and was a key contributor in s
November 19, 2024-- Comtech Telecommunications Corp. (NASDAQ:CMTL) ("Comtech" or the "Company"), a global technology leader, announced today the appointment of Daniel Gizinski as President of the Company's Satellite & Space Communications ("S&S") segment. With extensive industry leadership experience and a collaborative, hands-on approach to solving customer challenges, Gizinski will play a central role in advancing Comtech's S&S strategy, including its expanding portfolio of next-generation satellite solutions and vision as a pure-play satellite and space communications company. Gizinski brings over 15 years of experience in satellite communications engineering, operations, product strat
Names Michael Hildebrandt as New Independent Director Will Appoint an Additional Mutually Agreed Independent Director Comtech Telecommunications Corp. (NASDAQ:CMTL) (the "Company"), a global technology leader, today announced that its Board of Directors entered into a cooperation agreement with Michael Porcelain, Fred Kornberg, and Oleg Timoshenko (the "Investor Group"). Pursuant to the agreement: Comtech has appointed Michael Hildebrandt, Senior Investment Professional at Freshford Capital Management, to the Board, effective immediately; The Board will appoint an additional new independent director mutually acceptable to both Comtech and the Investor Group (the "Additional Direct
Appoints John Ratigan, Satellite Technology Veteran with Extensive Knowledge of Comtech's Business Operations, as President and Chief Executive Officer Appoints Kenneth H. Traub to Board of Directors, Adding Deep Experience and Expertise in Corporate Governance, Turnarounds and Strategic Transformations October 30, 2024-- Comtech (NASDAQ:CMTL) (the "Company"), a global technology leader, today announced that its Board of Directors has appointed John Ratigan as President, Chief Executive Officer and a member of the Board, effective October 28, 2024. Mr. Ratigan has been serving as Comtech's interim CEO since March 2024. In addition, the Comtech Board appointed Kenneth (Ken) H. Traub as an
Arizona Governor, Chandler Mayor, and Local Leaders to Attend August 16 Ribbon Cutting to Celebrate the Relocation of Comtech's Headquarters to Arizona Aug. 16, 2024-- Comtech (NASDAQ:CMTL) (the "Company"), a global technology leader, today announced the relocation of its corporate headquarters from Melville, NY to Chandler, AZ. Comtech's new corporate headquarters in Chandler boasts approximately 150,000 square feet of state-of-the-art office, engineering and manufacturing space that is designed to enhance operations, improve collaboration and accelerate the delivery of new technologies, systems and services to a variety of customers across global markets. The decision to relocate Comt
March 21, 2024-- Comtech (NASDAQ:CMTL), a global technology leader, today announced the appointment of telecommunications and public safety industry leader Jeff Robertson as the Company's new President of its Terrestrial and Wireless Networks business segment. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240321628144/en/(Photo: Business Wire) Prior to joining Comtech, Robertson served as President & CEO of Intrado Life Safety, a company specializing in first responder technology in North America. Under his leadership, Robertson enhanced Intrado Life Safety's operating structure, implemented critical digital transformation init
Mark Quinlan Named Chair of the Board Comtech (NASDAQ:CMTL) (the "Company") today announced that its Board of Directors has appointed John Ratigan, Chief Corporate Development Officer ("CCDO"), as interim Chief Executive Officer, effective immediately. Mr. Ratigan succeeds Ken Peterman, who has been terminated as President and CEO and will cease to serve on the Board. Mr. Peterman's termination was for conduct unrelated to Comtech's business strategy, financial results or previously filed financial statements. Mr. Ratigan, a former Chief Executive Officer, is an accomplished executive who brings over three decades of experience and senior leadership expertise across the global satellite
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Live finance-specific insights
Transformative acquisition for $157.5 million creates a company exceeding $700 million in projected annual revenue, positioned to capitalize on accelerating global demand for mission-critical defense, satellite, space, and resilient communications solutions Transaction is expected to be fully funded from Gilat's existing cash resources, supported by its strong balance sheet, which included net cash of approximately $170 million as of the end of Q1 2026 Accelerates Gilat's transformation into a leading provider of mission-critical defense and satellite communications solutions, creating a scaled organization in the rapidly evolving satellite ground infrastructure market and more than doubl
Comtech Telecommunications Corp. (NASDAQ:CMTL) ("Comtech" or the "Company"), a global communications technology leader, today reported financial results for its third quarter ended April 30, 2026. Ken Traub, Chairman, President and CEO, stated: "When I stepped into the CEO role in early 2025, I announced a transformation plan which featured four pillars: (1) Operational discipline, (2) Returning to positive operating cash flow, (3) Conducting a comprehensive review of strategic alternatives, and (4) Strengthening our capital structure. Our results and announcements today demonstrate that we are successfully delivering on each of those promises. The operational improvements that we hav
June 12, 2026-- Comtech Telecommunications Corp. (NASDAQ:CMTL) ("Comtech" or the "Company"), a global communications technology leader, today announced that it plans to release its third quarter fiscal 2026 operating results before the market opens on Monday, June 15, 2026. At 8:30 a.m. ET that day, Comtech's leadership team will hold a conference call to discuss the Company's third quarter fiscal 2026 results, operations and business trends. A real-time webcast of the call will be available to the public at the investor relations section of the Comtech web site at www.comtech.com. Alternatively, investors can access the conference call by dialing (833) 354-6854 (primary) or (785) 838-934
March 16, 2026-- Comtech Telecommunications Corp. (NASDAQ:CMTL) ("Comtech" or the "Company"), a global communications technology leader, today reported financial results for its second quarter ended January 31, 2026. Ken Traub, Chairman, President and CEO, stated: "Comtech continued on its positive trajectory of improvement, as we delivered our fourth consecutive quarter of positive operating cash flow and ended the quarter with approximately $50 million of total liquidity. With net bookings of $175 million in the quarter, we have achieved a book-to-bill ratio of 1.64x, increased our backlog to $732 million and maintained our revenue visibility at approximately $1.1 billion. As previous
March 12, 2026-- Comtech Telecommunications Corp. (NASDAQ:CMTL) ("Comtech" or the "Company"), a global communications technology leader, today announced that it plans to release its second quarter fiscal 2026 operating results after the market closes on Monday, March 16, 2026. At 4:30 p.m. ET that day, Comtech's leadership team will hold a conference call to discuss the Company's second quarter fiscal 2026 results, operations and business trends. A real-time webcast of the call will be available to the public at the investor relations section of the Comtech web site at www.comtech.com. Alternatively, investors can access the conference call by dialing (800) 225-9448 (primary) or (203) 518
December 11, 2025-- Comtech Telecommunications Corp. (NASDAQ:CMTL) ("Comtech" or the "Company"), a global communications technology leader, today reported financial results for its first quarter ended October 31, 2025. Ken Traub, Chairman, President and CEO, stated: "We are pleased to report the continued positive momentum in our business, achieving our third consecutive quarter of strong positive operating cash inflows and $51 million of total liquidity. Comtech has built a much stronger financial position. We continue to be focused and selective in our product, marketing and sales initiatives which yielded another quarter of sequential improvement in our gross margin percentage as well
December 8, 2025-- Comtech Telecommunications Corp. (NASDAQ:CMTL) ("Comtech" or the "Company"), a global communications technology leader, today announced that it plans to release its first quarter fiscal 2026 operating results after the market closes on Thursday, December 11, 2025. At 4:30 p.m. ET that day, Comtech's leadership team will hold a conference call to discuss the Company's first quarter fiscal 2026 results, operations, and business trends. A real-time webcast of the call will be available to the public at the investor relations section of the Comtech web site at www.comtech.com. Alternatively, investors can access the conference call by dialing (800) 343-4136 (primary) or (203
Fiscal Q4 2025 Results Demonstrate Continued Progress in Comtech's Successful Transformation Comtech Strengthens Financial Position with $11 Million of Positive Operating Cash Flow and Liquidity of $47 Million November 10, 2025-- Comtech Telecommunications Corp. (NASDAQ:CMTL) ("Comtech" or the "Company"), a global communications technology leader, today reported financial results for its fourth quarter and fiscal year ended July 31, 2025. Ken Traub, Chairman, President and CEO, stated: "I am proud to report how much stronger Comtech is today – financially, operationally and strategically. This is the result of the ongoing successful execution of the transformation initiatives that w
November 5, 2025-- Comtech Telecommunications Corp. (NASDAQ:CMTL) ("Comtech" or the "Company"), a global communications technology leader, today announced that it plans to release its fourth quarter and fiscal year 2025 operating results after the market closes on Monday, November 10, 2025. At 4:30 p.m. ET that day, Comtech's leadership team will hold a conference call to discuss the Company's fourth quarter and fiscal year 2025 results, operations, and business trends. A real-time webcast of the call will be available to the public at the investor relations section of the Comtech web site at www.comtech.com. Alternatively, investors can access the conference call by dialing (833) 316-2483
June 9, 2025-- Comtech Telecommunications Corp. (NASDAQ:CMTL) ("Comtech" or the "Company"), a global communications technology leader, today reported financial results for its third quarter ended April 30, 2025. Consolidated Financial Results Net sales of $126.8 million Gross margin of 30.7% Operating loss of $1.5 million and net loss attributable to common shareholders of $14.5 million Adjusted EBITDA (a Non-GAAP measure) of $12.6 million, or 9.9% Net bookings of $71.0 million, representing a book-to-bill ratio of 0.56x (as described below, gross bookings during the third quarter were $107.4 million, representing a book-to-bill ratio of 0.85x) Funded backlog of $708.1 m