A look at the historical earnings shows that the last time earnings were $.27 was a year ago and at that time the stock was closer to $20. With the current projection at $.27 for the next quarter, this is an easy call. Not good news if you're in already. I am watching the TA and will jump in when price nears a year ago and technical looks good. Consolation: this isn't a penny stock. even if you are holding at $40+, you will eventually get your money back - it just may be awhile.
I don't know what are yoy talking about. Go to earning CMTL history, CMTL has been beating the estimate projects for every quater. Next quater the earning estimate is 0.28/0.40 (low/high) and the mean is 0.39. I don't see they have any problem with that. Also, the analyst who downgraded CMTL to hold, not to sell. But people got panic dumping the share down quickly to this price level. Remmember, if CMTL could go down that quick then it could come back as quick the same way as when going down. Look at all the stocks as BIDU, NTES. They had been in the same situation as CMTL before, and look at their charts to see how quick they rebounded.
"Next quater the earning estimate is 0.28/0.40 (low/high) and the mean is 0.39.". I would like to correct, the mean is $0.34, not 0.39. They will beat that estimate, their earning history has proved that, also back log orders were increased as reported in last earning PR.
i believe the selling has run its course and its clear sailing to 35;the factor u r missing in your analysi re your earnings mumbo jumbo gibberish is the institutional ownership has doubled since last yr, so whos going to sell to drive it lower-not too many shares left to sell;so what u will c is the newly created shorters covering in a frenzy until 35 and then its dead money