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Comtech Telecommunications (CMTL) Surges: Stock Moves 17.4% Higher

Zacks Equity Research

Comtech Telecommunications Corp. (CMTL) was a big mover last session, as the company saw its shares rise over 17% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $30.79 to $33.04 in the past one-month time frame.

Though the company has seen no positive revision in the past 30 days, its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for Comtech Telecommunications. So make sure to keep an eye on this stock going forward to see if the yesterday’s jump can turn into more strength down the road.

Comtech Telecommunications currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

However, some better-ranked stocks in the wireless equipment industry include Polycom, Inc. (PLCM), InterDigital, Inc. (IDCC) and HTC CORPORATION (HTCXF). While Polycom sports a Zacks Rank #1 (Strong Buy), InterDigital and HTC have a Zacks Rank #2 (Buy).

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COMTECH TELECOMMUN CP (CMTL): Free Stock Analysis Report

POLYCOM INC (PLCM): Free Stock Analysis Report

INTERDIGITAL INC (IDCC): Free Stock Analysis Report

HTC CORPORATION (HTCXF): Free Stock Analysis Report

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