Comtech Telecommunications Rises On Unusually High Volume (CMTL)

NEW YORK ( TheStreet) -- Comtech Telecommunications Corporation (Nasdaq: CMTL) is trading at unusually high volume Thursday with 1.5 million shares changing hands. It is currently at four times its average daily volume and trading up $2.43 (+8.6%) at $30.63 as of 1:49 p.m. ET.

Comtech Telecommunications has a market cap of $656.3 million and is part of the technology sector and telecommunications industry. Shares are up 0.8% year to date as of the close of trading on Wednesday.

Comtech Telecommunications Corp. engages in the design, development, production, and marketing of products, systems, and services for communications solutions in the United States and internationally. The company has a P/E ratio of 12.6, equal to the average telecommunications industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Comtech Telecommunications as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, expanding profit margins and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and unimpressive growth in net income. You can view the full Comtech Telecommunications Ratings Report.

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