Movers and SHAKERS
Tuesday, April 30, 2019
Comtech Telecommunications (CMTL)
What Will the New Contract and Acquisition Mean?
Comtech Telecommunications Corp. engages in the design, development, production, and marketing of products, systems, and services for advanced communications solutions in the United States and internationally. It operates in three segments: Telecommunications Transmission, Mobile Data Communications, and RF Microwave Amplifiers.
Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to full report for price target, fundamental analysis and rating.
- Awarded New Contract. Comtech announced yesterday that it has been awarded a five-year contract valued in excess of $100 million to develop, implement, and operate a Next-Generation 911 emergency communications system for a Northeastern state. We believe the state to be Massachusetts where General Dynamics had a major contract.
- Acquires NG-911 Business. In
conjunction with the award, Comtech also announced the acquisition of the state
and local government NG-911 business from General Dynamics. Coming on the heels
of the Solacom acqui...
*Analyst certification and important disclosures included in full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.