COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does COMTECH TELECOMMUNICATIONS CORP /DE/ Do?
Comtech Telecommunications Corp., together with its subsidiaries, designs, develops, produces, and markets products, systems, and services for communications solutions in the United States and internationally. It operates in two segments, Commercial Solutions and Government Solutions. The Commercial Solutions segment offers satellite ground station technologies, including single channel per carrier and time division multiple access modems, amplifiers, frequency converters, and network software to modulate, demodulate, and amplify signals, as well as to carry voice, video, and/or data over networks; and public safety and location technologies, such as 911 call handling and mapping solutions that allow cellular carriers and voice over the Internet carriers to deliver emergency calls to public safety emergency call centers. The Government Solutions segment provides tactical satellite-based networks, such as satellite modems, ruggedized routers, and solid-state drives; sustainment services for the secret Internet Protocol router and non-classified Internet Protocol router access point; and small aperture terminals. This segment also offers high-performance transmission technologies that are used in communication systems comprising electronic warfare, radar, and identification friend or foe (IFF); troposcatter technologies for satellite communication; and high-power radio frequency microwave amplifiers and related switching control technologies that are used in electronic warfare, communications, radar, IFF, and medical applications. The company serves satellite systems integrators, wireless and other communication service providers, satellite broadcasters, prime contractors and system suppliers, medical equipment companies, aviation industry system integrators, oil companies, and domestic and international defense and government customers, as well as end-customers. Comtech Telecommunications Corp. was founded in 1967 and is headquartered in Melville, New York. COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL) is classified as a micro-cap stock in the Technology sector, specifically within the Electronic Equipment industry. The company is led by CEO Ken A. Peterman and employs approximately 1,990 people, headquartered in MELVILLE, Arizona. With a market capitalization of $104M, CMTL is one of the notable companies in the Technology sector.
COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL) Stock Rating — Reduce (April 2026)
As of April 2026, COMTECH TELECOMMUNICATIONS CORP /DE/ receives a Reduce rating with a composite score of 37.5/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.CMTL ranks #3,303 out of 4,446 stocks in our coverage universe. Within the Technology sector, COMTECH TELECOMMUNICATIONS CORP /DE/ ranks #388 of 584 stocks, placing it in the lower half of its Technology peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
CMTL Stock Price and 52-Week Range
COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL) currently trades at $3.82. The stock gained $0.04 (1.1%) in the most recent trading session. The 52-week high for CMTL is $6.21, which means the stock is currently trading -38.5% from its annual peak. The 52-week low is $1.19, putting the stock 221.0% above its annual trough. Recent trading volume was 82K shares, suggesting relatively thin trading activity.
Is CMTL Overvalued or Undervalued? — Valuation Analysis
COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL) carries a value factor score of 29/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The price-to-book ratio stands at 1.30x, versus the sector average of 3.16x. The price-to-sales ratio is 0.23x, compared to 1.06x for the average Technology stock. On an enterprise value basis, CMTL trades at 1.95x EV/EBITDA, versus 12.79x for the sector.
At current multiples, COMTECH TELECOMMUNICATIONS CORP /DE/ trades at a premium to most Technology peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.
COMTECH TELECOMMUNICATIONS CORP /DE/ Profitability — ROE, Margins, and Quality Score
COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL) earns a quality factor score of 26/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is -209.2%, compared to the Technology sector average of -1.4%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -24.4% versus the sector average of -1.0%.
On a margin basis, COMTECH TELECOMMUNICATIONS CORP /DE/ reports gross margins of 25.8%, compared to 50.9% for the sector. The operating margin is -30.8% (sector: -0.5%). Net profit margin stands at -38.6%, versus -1.5% for the average Technology stock. Revenue growth is running at -13.3% on a trailing basis, compared to 14.2% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.
CMTL Debt, Balance Sheet, and Financial Health
COMTECH TELECOMMUNICATIONS CORP /DE/ has a debt-to-equity ratio of 532.0%, compared to the Technology sector average of 43.0%. This elevated leverage warrants close monitoring, as it increases the company's sensitivity to rising interest rates and economic downturns. The current ratio is 1.70x, suggesting adequate working capital coverage.
CMTL has a beta of 1.13, meaning it is roughly in line with the broader market in terms of price volatility. The stability factor score for COMTECH TELECOMMUNICATIONS CORP /DE/ is 22/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.
COMTECH TELECOMMUNICATIONS CORP /DE/ Revenue and Earnings History — Quarterly Trend
In TTM 2026, COMTECH TELECOMMUNICATIONS CORP /DE/ reported revenue of $480M and earnings per share (EPS) of $-0.67. Net income for the quarter was $-179M. Gross margin was 25.8%. Operating income came in at $-144M.
In Q1 2026, COMTECH TELECOMMUNICATIONS CORP /DE/ reported revenue of $111M and earnings per share (EPS) of $-0.67. Net income for the quarter was $-16M. Gross margin was 33.1%. Revenue grew -4.1% year-over-year compared to Q1 2025. Operating income came in at $-3M.
In FY 2025, COMTECH TELECOMMUNICATIONS CORP /DE/ reported revenue of $500M and earnings per share (EPS) of $-6.95. Net income for the quarter was $-155M. Gross margin was 25.6%. Revenue grew -7.6% year-over-year compared to FY 2024. Operating income came in at $-139M.
In Q3 2025, COMTECH TELECOMMUNICATIONS CORP /DE/ reported revenue of $127M and earnings per share (EPS) of $-0.49. Net income for the quarter was $34M. Gross margin was 30.7%. Revenue grew -1.0% year-over-year compared to Q3 2024. Operating income came in at $-2M.
Over the past 8 quarters, COMTECH TELECOMMUNICATIONS CORP /DE/ has demonstrated a growth trajectory, with revenue expanding from $128M to $480M. Investors analyzing CMTL stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
CMTL Dividend Yield and Income Analysis
COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL) does not currently pay a dividend. This is common among smaller companies in the Electronic Equipment industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Technology dividend stocks may want to explore other Technology stocks or use the stock screener to filter by dividend yield.
CMTL Momentum and Technical Analysis Profile
COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL) has a momentum factor score of 62/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 37/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 42/100 reflects moderate short selling activity.
CMTL vs Competitors — Technology Sector Ranking and Peer Comparison
Within the Technology sector, COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL) ranks #388 out of 584 stocks based on the Blank Capital composite score. This places CMTL in the lower half of all Technology stocks in our coverage universe. Key competitors and sector peers include IHS Holding Ltd (IHS) with a score of 55.0/100, VERISIGN INC/CA (VRSN) with a score of 56.0/100, ESCO TECHNOLOGIES INC (ESE) with a score of 51.7/100, CareCloud, Inc. (CCLD) with a score of 46.9/100, and MMTec, Inc. (MTC) with a score of 47.4/100.
Comparing CMTL against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full CMTL vs S&P 500 (SPY) comparison to assess how COMTECH TELECOMMUNICATIONS CORP /DE/ stacks up against the broader market across all factor dimensions.
CMTL Next Earnings Date
No upcoming earnings date has been announced for COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy CMTL? — Investment Thesis Summary
The quantitative profile for COMTECH TELECOMMUNICATIONS CORP /DE/ suggests caution. The quality score of 26/100 flags below-average profitability. The value score of 29/100 indicates premium valuation. Price momentum is positive at 62/100, suggesting the trend favors buyers. High volatility (stability score 22/100) increases portfolio risk.
In summary, COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL) earns a Reduce rating with a composite score of 37.5/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on CMTL stock.
Related Resources for CMTL Investors
Explore more research and tools: CMTL vs S&P 500 comparison, top Technology stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare CMTL head-to-head with peers: CMTL vs IHS, CMTL vs VRSN, CMTL vs ESE.