Core Viewpoint - Significant stockholders and former CEOs of Comtech Telecommunications Corp. advocate for an independent evaluation of strategic options for the company's 911 Public Safety business, the appointment of an external CEO and COO, and other initiatives to enhance stockholder value [1][4][22]. Group 1: Nomination of New Directors - Michael Porcelain has nominated a slate of eight highly qualified director candidates for election to the Comtech Board at the upcoming 2024 Annual Meeting of Stockholders, collectively owning approximately 7.6% of the outstanding shares [2][6]. - The nominees include experienced professionals from various sectors, such as Keith Hall, Michael Hildebrandt, Fred Kornberg, and others, each bringing relevant industry expertise [3][23]. Group 2: Recommendations for Comtech - The nominees propose critical actions for Comtech's future success, including leadership change disclosures, a thorough search for an external CEO and COO, and an evaluation of strategic options for the 911 Public Safety business [9][10][11]. - Recommendations also include assessing capital structure and financing, enhancing core business units, optimizing operational efficiency, investing in innovation, and establishing targeted profit centers [12][13][14][15][16]. Group 3: Strategic Alternatives for 911 Public Safety Business - The stockholders recommend exploring strategic alternatives for the 911 Public Safety business, suggesting that a well-executed sale process could unlock substantial stockholder value, potentially exceeding $553 million based on industry comparisons [17][18]. - They have consulted with an industry-specific investment banking firm and believe that the 911 Public Safety business is significantly larger than Rave Mobile Safety, Inc., which was sold for $553 million [18][20]. Group 4: Engagement and Communication - The stockholders express their commitment to engaging in constructive dialogue with the Board and management to collaboratively develop strategies that benefit all stockholders [22][23]. - A new website, TheFutureComtech.com, has been created to facilitate communication and provide updates on the stockholders' initiatives and SEC filings [21].

Core Insights - Comtech Telecommunications Corp. (CMTL) has launched a Digital Common Ground (DCG) portfolio of modems aimed at assisting the U.S. Department of Defense and coalition partners in transitioning to a digitized and hybrid satellite network architecture [1] Group 1: Product Features and Market Position - The DCG product line is built on Comtech's advanced satellite communications modem portfolio, designed to serve both commercial and government markets on a unified platform with an open-standard and flexible architecture [2] - The product line offers multi-gigabit throughput, which is expected to minimize overall lifecycle costs for customers while delivering industry-leading performance and efficiency [3] - Modern cybersecurity design principles have been integrated at every level of the product line, ensuring secured over-the-air communication and compliance with Federal Information Protection Standards 140-3 Level 2 certification [4] Group 2: Market Impact and Financial Outlook - The DCG portfolio is one of the first to provide robust access to multi-orbit capabilities across commercial and purpose-built networks, compliant with Digital Intermediate Frequency Interoperability standards [5] - This launch is expected to generate incremental demand for Comtech's products and services, potentially leading to higher revenues and improved financial performance, which may positively impact the stock price [5] - Over the past year, CMTL's shares have decreased by 61.8%, contrasting with the industry's growth of 40.5% [6]

SAN FRANCISCO, July 19, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Comtech Telecommunications Corp. (NASDAQ: CMTL) investors who suffered substantial losses to take action by submitting your losses here. Comtech, a Melville, Long Island provider of next-generation 911 technology, faces heightened financial uncertainty after announcing another delay in filing its quarterly financial statements on June 10, 2024. This latest development adds to a string of negative events that have cast a shadow over the com ...

This is part of Comtech's broader initiative to deploy NG9-1-1 systems throughout the country. The company is already working with all the leading ESInet providers in the nation, including SaskTel, Bell and Telus, to build the critical NG9-1-1 infrastructure in various regions. CMTL recently completed a local NG9-1-1 PSAP (Public Safety Answering Point) migration in Ontario, which underscores the company's expanding footprint in Canada's public safety technology sector. Owing to these advanced features and ...

Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Comtech Telecommunications Corp. (NASDAQ: CMTL) resulting from allegations that Comtech may have issued materially misleading business information to the investing public. What is this about: On March 13, 2024, Comtech filed with the SEC a current report on Form 8-K. In this 8-K, Comtech announced that on March 12, 2024, "the Board of Directors (the "Board of Directo ...

BOSTON, June 26, 2024 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Comtech Telecommunications Corp. (NASDAQ:CMTL) for potential securities law violations. Investors who have lost money in their Comtech Telecommunications investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/cmtl. What is this all about? Who is eligible? What is Block & Leviton doing? What should you do next? Whistleblower? If you have non-pu ...

Following news of Peterman's termination, Comtech's stock price fell $1.57 per share, or 27.26%, to close at $4.19 per share on March 13, 2024. Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorn ...

Comtech Telecommunications Corp. (NASDAQ:CMTL) Q3 2024 Earnings Conference Call June 18, 2024 8:30 AM ET Company Participants Maria Ceriello - IR John Ratigan - CEO Michael Bondi - CFO Conference Call Participants Joe Gomes - Noble Capital Mike Crawford - B. Riley Securities FBR Gregory Burns - Sidoti Operator Welcome to Comtech's Fiscal Third Quarter 2024 Earnings Conference Call. As a reminder, this conference is being recorded today, Tuesday, June 18, 2024. I would now like to turn the conference over to ...

Over the last four quarters, the company has surpassed consensus EPS estimates two times. Comtech shares have lost about 74.3% since the beginning of the year versus the S&P 500's gain of 14.8%. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. It will be interesting to ...

First, I promised direct and clear explanation of my growth and improving the performance of both our Networks segment and our Satellite & Space Comr Second, I stated that my top priority was to strengthe Today, Comtech's balance sheet is now stronger. It can once again support the improved performs anticipate as Comtech continues to deliver best-in-c solutions to our customers around the world. Importa turn our focus toward my next priority: improving cycle, in particular, accelerating the liquidation of o ...