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Comtech Beats Revenue Estimates in Q3, Stock Sees Double-Digit Growth

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Image credit: Financial Modeling Prep (FMP)

Comtech Telecommunications Corp. (NASDAQ: CMTL) delivered mixed results for its third quarter, edging past revenue expectations while reporting a narrower-than-expected loss per share.

Q3 Financial Highlights

  • Earnings per Share (EPS): -$0.49, slightly better than the analyst estimate of -$0.497.

  • Revenue: $126.79 million, surpassing the consensus forecast of $124.13 million.

The modest beat on both top and bottom lines signals resilience in the firm's business model, despite ongoing margin challenges.

Stock Performance Snapshot

  • Current price: $2.51 (as of last close)

  • 3-month change: +32.80%

  • 12-month change: +17.84%

The recent rally reflects investor optimism, possibly driven by improving revenue traction and better-than-feared earnings.

Market Sentiment

Over the last 90 days, Comtech has seen 1 negative EPS revision and 0 upward revisions, indicating some skepticism remains around future profitability. However, the revenue beat may help ease near-term concerns.

To stay updated on future earnings momentum, explore Earnings Historical, and monitor shifts in analyst sentiment with the Price Target Summary.

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