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Comtech Telecommunications (CMTL) Stumbles After CEO Ouster and Accounting Concerns – Hagens Berman
GlobeNewswire News Room· 2024-06-05 19:18
SAN FRANCISCO, June 05, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Comtech Telecommunications Corp. (NASDAQ: CMTL) investors who suffered substantial losses to take action by submitting your losses here. Website: www.hbsslaw.com/investor-fraud/cmtl Contact the Firm Now: CMTL@hbsslaw.com Phone: 844-916-0895 Next-generation 911 emergency communication company Comtech Telecommunications Corp. (CMTL) has faced a tumultuous period in recent months, raising questions about the Melville-based company's financial ...
Comtech (CMTL) Inks Deal With Commonwealth of Massachusetts
zacks.com· 2024-05-23 13:30
Comtech Telecommunications (CMTL) recently secured a major contract for the Massachusetts' Next Generation 911 (NG911) system. Per the terms, the contract will have an initial life of five years from Aug 1, 2024, to Jul 31, 2029, with an additional option to extend for another five-year term through Jul 31, 2034. The total contract value (including the additional extension option) is likely to surpass $250 million. CMTL has been associated with the state of Massachusetts since 2014 for the proper functionin ...
The Next Big Thing: 3 Tech Titans to Surge 500% by 2027
InvestorPlace· 2024-04-11 16:39
The tech industry is a fertile ground for exploration in the current dynamic market scenario, promising significant returns for investors. Let’s delve into the emerging potential of three renowned technology businesses. The first company’s strategic expansion of its Shield SaaS services into the Philippines is a testament to its proactive approach, showcasing its ability to penetrate new markets and diversify its revenue streams.The second’s excellent backlog clearly indicates future revenue growth. This ba ...
Comtech Telecommunications (CMTL) Reports Q2 Loss, Misses Revenue Estimates
Zacks Investment Research· 2024-03-18 22:46
Comtech Telecommunications (CMTL) came out with a quarterly loss of $0.15 per share versus the Zacks Consensus Estimate of $0.28. This compares to loss of $0.23 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -153.57%. A quarter ago, it was expected that this communications company would post earnings of $0.26 per share when it actually produced earnings of $0.24, delivering a surprise of -7.69%.Over the last four quarters, th ...
Comtech Telecommunications(CMTL) - 2024 Q2 - Earnings Call Transcript
2024-03-18 22:17
Comtech Telecommunications Corp. (NASDAQ:CMTL) Q2 2024 Earnings Conference Call March 18, 2024 5:00 PM ET Company Participants Maria Ceriello - Investor Relations John Ratigan - Chief Executive Officer Mike Bondi - Chief Financial Officer Operator Welcome to Comtech's Fiscal Q2 2024 Earnings Conference Call. As a reminder, this conference is being recorded today, Monday, March 18, 2024. I would now like to turn the conference over to Ms. Maria Ceriello of Comtech. Please go ahead, Maria. Maria Ceriello Than ...
Comtech Telecommunications(CMTL) - 2024 Q2 - Quarterly Report
2024-03-18 21:20
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended January 31, 2024 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 0-7928 (Exact name of registrant as specified in its charter) Delaware 11-2139466 (State or other jurisdiction of incorporation /organization) (I.R.S. Employer Identi ...
Comtech Telecommunications(CMTL) - 2024 Q2 - Quarterly Results
2024-03-18 20:38
SECOND QUARTER: Fiscal Year 2024 0 Second Quarter Fiscal Year 2024 Exhibit 99.1 SECOND QUARTER: Fiscal Year 2024 1 FOREWORD John Ratigan, Interim CEO Fellow Shareholders, Let me begin with a quick note of introduction: while I’m new to the role of Comtech’s CEO, I’m not new to Comtech, our strategy, our markets, our vendors, or our customers, and I’m not new to being a CEO. Before Comtech, I served as CEO and President of iDirect Government for 20 years, a company delivering secure satellite-based voice, vi ...
Comtech Announces Results for its Second Quarter of Fiscal 2024
Businesswire· 2024-03-18 20:30
CHANDLER, Ariz.--(BUSINESS WIRE)--March 18, 2024-- Comtech (NASDAQ: CMTL) (“the Company”) today announced its second quarter fiscal 2024 financial results in a letter to shareholders, which has been posted to the Investor Relations section of Comtech's website. Investors are invited to access the second quarter fiscal 2024 shareholder letter at comtech.com/investors/. A copy of the letter will also be filed with the Securities and Exchange Commission in a Form 8-K. Comtech will host its previously schedul ...
Comtech to Report Second Quarter Fiscal 2024 Results on March 18, 2024
Businesswire· 2024-03-13 20:30
MELVILLE, N.Y.--(BUSINESS WIRE)--March 13, 2024-- Comtech (NASDAQ: CMTL) today announced that it plans to release its second quarter fiscal 2024 results after the market closes on Monday, March 18, 2024. At 5:00 p.m. ET that day, the Company will hold a conference call to discuss its second quarter fiscal 2024 results, operations, and business trends. A 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 ...
Comtech Appoints John Ratigan as Interim Chief Executive Officer
Businesswire· 2024-03-13 13:00
MELVILLE, N.Y.--(BUSINESS WIRE)--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. ...