COMTECH TELECOMMUNICATIONS CORP.

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Comtech Telecommunications Corp. Awarded $1.7 Million Contract Renewal with U.S. Tier-One Mobile Network Operator

11/18/2021 | 09:13am EDT

November 18, 2021-- Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, announced today, that during its first quarter of fiscal 2022, it was awarded a $1.7 million renewal agreement with a U.S. tier-one mobile network operator. This brings total bookings to-date with this Trusted Location customer to over $24.0 million.

The service is a hosted turn-key system with diverse and redundant connections which interface with the carrier’s network to provide data for location services platforms.

“Comtech is dedicated to supporting this loyal customer with the best technology in location platforms,” said Fred Kornberg, Chairman of the Board and Chief Executive Officer of Comtech Telecommunications Corp. “Our decades-long commitment to this customer demonstrates the trust they have placed in Comtech.”

The contract was awarded to Comtech’s Trusted Location group, a leading provider of precise device location, mapping and messaging solutions for public safety, mobile network operators, and enterprise solutions. Sold around the world to mobile network operators, government agencies, and Fortune 100 enterprises, our platforms locate, map, track and message. For more information, visit www.comtechlocation.com.

Comtech Telecommunications Corp. is a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies to commercial and government customers around the world. Headquartered in Melville, New York and with a passion for customer success, Comtech designs, produces and markets advanced and secure wireless solutions. For more information, please visit www.comtechtel.com.

Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company's Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such Securities and Exchange Commission filings.

PCMTL


ę Business Wire 2021
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Financials (USD)
Sales 2022 517 M - -
Net income 2022 -31,1 M - -
Net Debt 2022 - - -
P/E ratio 2022 -10,6x
Yield 2022 3,23%
Capitalization 329 M 329 M -
Capi. / Sales 2022 0,64x
Capi. / Sales 2023 0,57x
Nbr of Employees 2 038
Free-Float 61,7%
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Mean consensus OUTPERFORM
Number of Analysts 4
Last Close Price 12,40 $
Average target price 24,67 $
Spread / Average Target 98,9%
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Managers and Directors
Michael D. Porcelain President, Chief Executive Officer & Director
Michael A. Bondi Chief Financial Officer
Fred Kornberg Non-Executive Chairman
Maria Hedden Chief Operating Officer
Marcus Alston Chief Trade Compliance Officer
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