Comtech Telecomm (NASDAQ:CMTL) Uncovers Lower GAAP Net Income in Fiscal Q1; JPMorgan (JPM) Upgrade Stock – CMTL, HRS, VSAT, GCOM

Comtech Telecomm. Corp (NASDAQ:CMTL) announced that GAAP net income in the fiscal Q1 was $0.36 a share, low from $0.47 per year in previous year.

The company reported that second quarter GAAP EPS is anticipated to be in the range of $0.10 to $0.12. Comtech Telecommunications also shattered its full year 2013 GAAP EPS estimates to in the range of $1.26 to $1.34, from earlier forecasts of $1.40 to $1.50.

The company gapped open sharply lower Friday, but recovered some ground late in the morning.

Comtech Telecom stock was upgraded by investment analysts at JPMorgan Chase & Co (NYSE:JPM) from a “neutral” rating to an “overweight” rating in a memo provided to investors on Monday.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Harris Corporation (NYSE:HRS) rose +1.09% to settle at $49.02, ViaSat, Inc. (NASDAQ:VSAT) moved down -0.37% to end at $38.08 while Globecomm Systems, Inc. (NASDAQ:GCOM) jumped +0.95% to finish at $11.73 on Monday.

Comtech Telecomm. Corp. (NASDAQ:CMTL) last session’s volume of 237,747 shares was surprisingly higher than its average volume of 114,588 shares. The stock after opening at $25.34 hit high price of $25.93 and then closed at $25.06 by scoring +3.85%.

The liquidity measure in recent quarter results of the company was recorded 7.55 as current ratio and on the other side the debt to equity ratio was 0.46 and long-term debt to equity ratio remained at 0.46. The Company had total cash of $374.51 million at hand and a book value per share as $24.75 in the most recent quarter.

The stock’s price volatility was 5.49% for a week and 3.65% for a month as well as price volatility’s Average True Range for 14 days was 1.05 and its beta remained at 0.35.

CMTL generated revenue of $402.66 million in the previous twelve months and earned $27.25 million. The Company showed a positive 6.77% in the net profit margin as well as in its operating margin which remained at 12.14%. Company’s annual sales growth for the past five years was -0.94%.

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