Comtech to Supply Mission Critical Equipment to Iraq's Navy
Comtech Telecommunications Corp. CMTL recently announced that its subsidiary Comtech Systems Inc., part of its Government Solutions segment, has procured orders totaling $9.1 million from the Iraqi Navy. Per the deal received during first-quarter fiscal 2019, the company will provide equipment and services for an existing C4ISR (Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance) Maritime Surveillance System.
In particular, Comtech will be supplying thermal imaging radar along with advanced digital troposcatter communications systems and backhaul microwave terminals. Troposcatter systems help in point-to-point communications beyond the line of sight between remote geographic areas where microwave and cable links are not feasible.
Comtech has created a niche market for highly secure wireless solutions to defend global security and improve public safety. The company continues to provide market-leading products for messaging, location and deployable wireless communications. It offers services to integrate networks, servers, gateways and intelligent peripherals, and provides transmission responses to users.
Customers depend on Comtech’s commercial wireless applications, which are based on innovative mobile cloud computing services like text messaging, public safety solutions, hyper-local search, workforce tracking, social applications, and telematics and navigation.
Federal government agencies also depend on Comtech’s cyber security expertise, professional consulting services and highly secure deployable satellite solutions for mission-critical communications. Earnings estimates of the company have been revised up 43.9% year over year to 59 cents, representing bullish investor sentiments about its long-term growth prospects.
With diligent execution of operational plans, Comtech has outperformed the industry in the past year with an average return of 64.1% compared with 31.5% growth for the latter.
Comtech currently has a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader industry are Ribbon Communications Inc. RBBN, sporting a Zacks Rank #1 (Strong Buy) and Clearfield, Inc. CLFD and QUALCOMM Incorporated QCOM, both carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Ribbon Communications has a long-term earnings growth expectation of 12%. It delivered an average positive earnings surprise of 168.1% in the trailing four quarters.
Clearfield delivered an average positive earnings surprise of 52.8% in the trailing four quarters.
Qualcomm has a long-term earnings growth expectation of 10.9%. It delivered an average positive earnings surprise of 19.8% in the trailing four quarters.
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