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Comtech Telecommunications (CMTL) Worth Watching: Stock Gains 6.9%

Zacks Equity Research

Comtech Telecommunications Corp. (CMTL) was a big mover last session, as the company saw its shares rise by nearly 7% on the day. The move came on solid volume too, as far more shares changed hands than in a normal session. This reverses the recent trend of the company, as the stock is now trading above the volatile price range of $24.36 to $24.99 in the past one-month time frame.

The company has seen no estimate revision in the past 2 months. Besides, its earnings consensus has remained stagnant over the same time frame. However, this recent price action is certainly encouraging, so make sure to keep a close watch of this firm in the near future.

CMTL currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better performing wireless equipment stocks include ShoreTel, Inc. (SHOR), Ubiquiti Networks, Inc. (UBNT) and DragonWave Inc. (DRWI). While ShoreTel and Ubiquiti Networks hold a Zacks Rank #1 (Strong Buy), DragonWave carries a Zacks Rank #2 (Buy).

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