We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Comtech (CMTL) Unit Secures Funding for Baltimore IT Support
Read MoreHide Full Article
Comtech Telecommunications Corp. (CMTL - Free Report) recently announced that Mission-Critical Technologies group, part of its Government Solutions segment, secured funding of $1.9 million to provide support to the City of Baltimore. The funding is likely to provide the requisite wherewithal for the information technology requirements of multiple agencies within the city.
The Mission-Critical Technologies group ensures that mission-critical applications are addressed even during harsh environmental conditions. With the funding, Comtech will aim to focus on IT activities such as database development, network security and local and wide-area network support for the overall maintenance and IT infrastructure upkeep of the city.
Comtech has created a niche market for highly secure wireless solutions to defend global security and improve public safety. The company continues to provide market-leading products for messaging, location and deployable wireless communications. It offers services to integrate networks, servers, gateways and intelligent peripherals, and provides transmission responses to users.
Customers depend on Comtech’s commercial wireless applications, which are based on innovative mobile cloud-computing services like text messaging, public safety solutions, hyper-local search, workforce tracking, social applications, and telematics and navigation. Federal government agencies also depend on its cybersecurity expertise, professional consulting services and highly secure deployable satellite solutions for mission-critical communications.
Earnings estimates of the company have been revised down by 89.8% in the past year to 13 cents per share, representing bearish investor sentiments about the stock as the coronavirus pandemic continues to wreak worldwide mayhem. It remains to be seen if such a steady contract flow can help the company turn the tables in the near future.
Shares of this Zacks Rank #3 (Hold) company have declined 36.9% over the past year against a rise of 22.7% for the industry.
Clearfield delivered an earnings surprise of 45.6%, on average, in the trailing four quarters.
Nokia has a long-term earnings growth expectation of 15.6%. It delivered an earnings surprise of 37.5%, on average, in the trailing four quarters.
Qualcomm has a long-term earnings growth expectation of 19.8%. It delivered an earnings surprise of 14.3%, on average, in the trailing four quarters.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
Image: Bigstock
Comtech (CMTL) Unit Secures Funding for Baltimore IT Support
Comtech Telecommunications Corp. (CMTL - Free Report) recently announced that Mission-Critical Technologies group, part of its Government Solutions segment, secured funding of $1.9 million to provide support to the City of Baltimore. The funding is likely to provide the requisite wherewithal for the information technology requirements of multiple agencies within the city.
The Mission-Critical Technologies group ensures that mission-critical applications are addressed even during harsh environmental conditions. With the funding, Comtech will aim to focus on IT activities such as database development, network security and local and wide-area network support for the overall maintenance and IT infrastructure upkeep of the city.
Comtech has created a niche market for highly secure wireless solutions to defend global security and improve public safety. The company continues to provide market-leading products for messaging, location and deployable wireless communications. It offers services to integrate networks, servers, gateways and intelligent peripherals, and provides transmission responses to users.
Customers depend on Comtech’s commercial wireless applications, which are based on innovative mobile cloud-computing services like text messaging, public safety solutions, hyper-local search, workforce tracking, social applications, and telematics and navigation. Federal government agencies also depend on its cybersecurity expertise, professional consulting services and highly secure deployable satellite solutions for mission-critical communications.
Earnings estimates of the company have been revised down by 89.8% in the past year to 13 cents per share, representing bearish investor sentiments about the stock as the coronavirus pandemic continues to wreak worldwide mayhem. It remains to be seen if such a steady contract flow can help the company turn the tables in the near future.
Shares of this Zacks Rank #3 (Hold) company have declined 36.9% over the past year against a rise of 22.7% for the industry.
Some better-ranked stocks in the industry worth considering are Clearfield, Inc. (CLFD - Free Report) , sporting a Zacks Rank #1 (Strong Buy), and Nokia Corporation (NOK - Free Report) and Qualcomm Incorporated (QCOM - Free Report) , both carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Clearfield delivered an earnings surprise of 45.6%, on average, in the trailing four quarters.
Nokia has a long-term earnings growth expectation of 15.6%. It delivered an earnings surprise of 37.5%, on average, in the trailing four quarters.
Qualcomm has a long-term earnings growth expectation of 19.8%. It delivered an earnings surprise of 14.3%, on average, in the trailing four quarters.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>