On Tuesday, Shares of Comtech Telecommunications Corp. (NASDAQ:CMTL)lost-1.08% to $23.87. The share price is trading in a range of 23.77 - 24.35 (Price in Dollars). The stock exchanged hands with 32,516shares contrast to its average daily volume of 86,300shares.Comtech Telecommunications Corp., declared that during its third quarter of fiscal 2016, its partner, Comtech Systems, Inc., has received an order from a foreign military totaling about $1.5 million to provide troposcatter equipment to a prime contractor for use in early testing, characterization and network integration activities as part of an forthcoming deployable communications network for an Asia Pacific military.
The share price of Comtech Telecommunications Corp. (NASDAQ:CMTL) declined13.67percent for the year. YTD, the current share price of the stock is above23.69percent. The company holds earnings per share (EPS) of $0.88for the twelve months.Dr. Stanton Sloane, President and Chief Executive Officer of Comtech Telecommunications Corp., commented, “This contract further reveals that troposcatter has become a vital element in the deployable communications toolkit for modern militaries, providing an exclusive low latency, long-range beyond line of sight (BLOS) backhaul capability. Combining troposcatter with other technologies in an integrated, multi-technology network provides the flexibility and scalability required to support the wide variety of operations and mission sets required for today’s warfighter.” The terminals being acquired are the Comtech MTTS transit case tropo equipped with 500W amplifiers and the Comtech field proven 20 Mb/s modem presently in use by the U.S. Military.
