Movers and SHAKERS
Comtech Telecommunications (CMTL)
Exceeds 2Q Expectations, Raises Full Year, With Potential Upside. Another Acquisition?
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.
- Strong 2Q19 Operating Results. Net sales jumped 22.7% to $164.1 million, with Adjusted EBITDA of $23.2 million, up 60.0%. GAAP EPS came in at $0.32 and adjusted EPS was $0.40. 2Q19 results exceed our, and management's, expectations. Business momentum remains strong and the pipeline of opportunities continues to increase.
- FY2019 Targets Raised.
Full yearFY2019 revenue expectations now in the $645-$660 million range and Adjusted EBITDA in the $85-$89 million range. Compares to prior guidance of $625-$640 million and $84-$88 million, respectively. Notably, resu...
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