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Comtech Telecommunications (CMTL)
Can Comtech Continue the Positive Momentum?
Strong 3Q19 Results. Comtech reported revenue of $170.4 million, adjusted EBITDA of $24 million, GAAP EPS of $0.31, and non-GAAP EPS of $0.42. We were at $163 million, $20.3 million, and $0.21, respectively. Results exceeded management's expectations. Significantly, business momentum remains positive and the pipeline of opportunities is strong.
Record Backlog.Comtech ended the third quarter with record backlog of $747.1 million. Comtech's 3Q book-to-bill was 1.94, reflecting strength in...
*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.