Comtech Telecommunications Corp. (CMTL) Stock

Comtech Telecommunications Corp. (CMTL) is a Technology stock trading at $1.73 (as of 2026-08-20), with a market capitalization of $51.83M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Comtech Telecommunications Corp. designs, develops, produces, and markets communications products, systems, and services through two segments: Commercial Solutions and Government Solutions. Commercial Solutions covers satellite ground-station technologies and public safety/location systems, while Government Solutions provides tactical satellite networking equipment and sustainment and transmission technologies for government use.

Understand Comtech Telecommunications Corp.: how it makes money

Comtech Telecommunications designs and sells communications solutions hardware and software (including satellite ground station technologies and network equipment), plus related services, to commercial and government customers, generating revenue when products and systems are delivered under customer orders and contracts.

Earnings depend on how well new bookings convert into revenue, investors track this with Book-to-Bill Ratio and Revenue Visibility, and results can be pressured when De-booking Amount reduces realized demand.

Business quality (Weak): Recent profitability is weak (operating margin -2.9%) despite positive gross margin (34.0%), while forward demand signals like Current Revenue Visibility (1.1B) and Future Revenue Visibility (1.7B) point to a pipeline that may need better conversion into operating profit.

Bull case

  • Pipeline visibility: Future Revenue Visibility is higher than Current Revenue Visibility (1.7B versus 1.1B), suggesting some ability to look beyond the near term.
  • Satellite and space momentum: Book-to-Bill Ratio - Satellite and Space Communications is slightly above 1.0 (1.04), indicating relatively stronger order inflow versus sales for that part of the business.

Bear case

  • Near-term profitability: Operating margin is negative at -2.9% for the latest reported period.
  • Bookings not keeping up overall: Overall Book-to-Bill Ratio is 0.67, which implies bookings are below sales during the period.
  • Potential demand pullback: De-booking Amount is 0.04B, which can reduce expected revenue conversion from orders.
Valuation — source: SEC EDGAR (first-party)
Price$1.73
Market Cap$51.83M
EV / EBITDA20.0
Price / Book0.99
Price / Sales0.11
FCF Yield-39.2%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$499.53M
Net Margin-31.1%
Revenue Growth (YoY)-16.4%
EPS Growth (YoY)-4.1%
FCF Growth (YoY)-102.6%
Financial Health — source: SEC EDGAR
Altman Z-Score0.27 (distress)
Piotroski F-Score3/9 (weak)
Valuation vs Sector & Industry
Sector P/E (Technology)33.9
Industry P/E (Electronic Equipment)39.4
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock Fund Advisors ($22.99M)
Institutional Holders Tracked10
Company
SectorTechnology
IndustryElectronic Equipment
CEOKenneth H. Traub
Employees1,500
CountryUS
IPO Date1980-03-17

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CMTL earnings history · CMTL institutional & insider holders · CMTL KPIs & operating metrics · CMTL financials · CMTL investor presentations & press releases · CMTL SEC filings · CMTL peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.