On Tuesday, Shares of Comtech Telecommunications Corp. (NASDAQ:CMTL) gained 0.35% to $22.69. The share price is trading in a range of 22.51 - 23.39 (Price in Dollars). The stock exchanged hands with 28,883 shares contrast to its average daily volume of 86,570 shares. Comtech Telecommunications Corp. (CMTL) declared that during its fourth quarter of fiscal 2016, its government solutions segment received a $2.3 million funded order from a prime contractor to the Department of Defense to continue to provide managed network services through May 2017.
“We are happy that this prime contractor has chosen us to continue to supply managed network services to assist support the DoD’s mission critical operations,” said Dr. Stanton Sloane, President and Chief Executive Officer of Comtech Telecommunications Corp.
The share price of Comtech Telecommunications Corp. (NASDAQ:CMTL) declined -23.42 percent for the year. YTD, the current share price of the stock is above 15.90 percent. The company holds earnings per share (EPS) of $0.88 for the twelve months. Comtech Telecommunications Corp. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. The Company sells products to a diverse customer base in the global commercial and government communications markets. The Company believes it is a leader in most of the market segments that it serves.
