10-31-2018: Comtech Telecommunications Corporation (CMTL): Helping the U.S. Army

(WAIT FOR PAGE TO LOAD COMPLETELY BEFORE LINKS WORK.)

Corporate Webpages
Company Profile
Company History
News
Comparison with Peers
Bond Issue
Zenith Index
Financial Statements
Avg. P/E to Current P/E
Financial Ratios
Intrinsic Value (Disc. CashFlow)
Fair Value Estimator
Projected Earnings
Research Reports
Analysts' Opinions
Insider Activity
Institutional Activity
Sentiment
Short Interest
Standard & Poor's
Management's Discussion
Channel Potential
MACD Histogram
Intraday Chart
Val Idea
Stock Consultant
Point & Figure Chart
Wall Street Analyzer
Marketspace Chart
Time Series Forecast
Neural Network Prediction
Stock Options
Ultimate Trading Systems
Recommendation

Comtech Telecommunications Corporation

Comtech Telecommunications Inc. (CMTL) is a developer and manufacturer of complex telecommunications solutions for government and commercial applications. From news items, where the company has an extensive public relations news release system, it gets many small contracts from diversified government agencies as well as commercial entities, but the bulk seems to be coming from the U.S. Army. The company has a good website, and an informative annual report with CEO Letter (which so many American companies are now omitting) and the stock pays a 1.4% dividend. We were a little concerned that the dividend is fluctuating. Accounting and balance sheet looks good to us, and this is a rare situation where the current p/e ratio is below average suggesting the stock has been oversold and a valuation bargain. Zenith Index is acceptable and financial ratios look good. But we are concerned that net tangible assets are negative. They have been less so in recent years.

Dimensional Fund Advisors is among major shareholders and institutions are net acquirers. Both researchers and analysts are generally positive. The industry group is a strong performer and CMTL is lagging behind others in that group in terms of stock share price.

The main problem with this stock is a very negative stock chart pattern almost straight down for the past few weeks. But almost the entire line of news items suggests a continuing steady stream of new contracts awarded from diversified sources.

Zack's, which really likes the stock, claims it has outperformed others in the wireless telecommunications industry so far this year. It cites improving earnings and outlook.

This is a hi-tech that is so hi-tech as to be hard to understand for the average person regarding its products. But that sort of technology is in demand to "stay ahead of the curve," important in defense as well as commercial applications.

Intrinsic values look solid. The stock chart appears to be sinking back into a 24-28 trading range, or in the alternative, could be bottoming out in a new 28-36 range. If you believe in the "Darvas Box Theory" then it has established a new box and is the sweet spot for a buy in that box.

Earnings for this company are somewhat erratic and yet stable in the sense that the stock appears to be "low risk" in our opinion with some occasional earnings misses, but mostly pretty flat. We like the management.



[Home]
Corporate Wepages

Trade Mark
01
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24



[Home]
Company Profile

Profile



[Home]
Company History
6 7 8


[Home]
News

Click Here for News Archives



[Home]
Comparison

Comparison

Groups 1
Groups 2
Groups 3


Companies 1
Companies 2

Similar Companies Performance:

55 56
57 58
59 60


[Home]
Bond Issue

22



[Home]
Zenith Index

Under current market conditions, a Zenith Index Score of 1.20 or above is required for a positive rating on this factor. 1.21 -1.30 is considered acceptable, 1.30-1.40 is considered strong and
> 1.40 is considered exceptionally strong. Accounting statements in this section often contain mistakes, especially in earlier years' totals, but data is deemed sufficient for us to give a rating. More accurate financial statements follow in the next section.

Comtech Telecommunications Corp. (CMTL)                   Exchange: Nasdaq
68 South Service Road
Suite 230                        Sector: Technology
Melville, NY 11747               Industry: Communication Equipment

Comtech Telecommunications Corp. designs, develops, produces, and
markets products, systems, and services for communications solutions.
The company's Commercial Solutions segment offers ground-based
equipment, including single channel per carrier modems and solid-state
amplifiers that facilitate the transmission of voice, video, and data
over satellite links; and traveling wave tube amplifiers, such as high
power narrow-band amplifiers used to amplify signals from satellite
earth stations, as well as safety and security technologies. It also
provides enterprise application technologies comprising location-based
technologies that include Trusted Location, a software-based scoring
system that allows providers to determine mobile location, and identify
fraudulent behavior and other security risks; Look4, an application that
enable customers to build their own applications; Indoor Location, a
solution that enables the determination of a cell phone user's
geospatial position; and text messaging platforms that are used by
wireless carriers to provide short-messaging services and communicate
with 911 public safety answering points. The company's Government
Solutions segment offers command and control technologies, which
comprise tactical communications, managed networks, logistics, and
end-to-end integration; cyber security training and computer network
operations; and satellite-based mobile communications and tracking
systems. It also provides over-the-horizon microwave systems, including
equipment and systems that transmit digitized voice, video, and data;
and solid state high power broadband amplifiers designed for radar,
electronic warfare, jamming, medical, and aviation applications. The
company serves commercial and government customers worldwide. Comtech
Telecommunications Corp. was founded in 1967 and is headquartered in
Melville, New York.

Last Trade:  29.34                           52-Week Range:  36.94 -  19.30
Employees: 1,852                             Avg.Volume:     160,727 Shares

Corporate Governance:
Pillar scores are Audit: 1; Board: 6; Shareholder Rights: 5; Compensation: 2.
         (A lower number means less governance risk.)

EPS:  1.24    Dividend Amount: $ 0.40          Yield:  1.36%
             Ex-Dividend Date: Oct 15, 2018    Payout Ratio:  32.26

Key Statistics:

    Trailing P/E:  22.69              Forward P/E (est.):  21.64
                                           Target Price:  37.33

Qrtly Stock Price Growth (yoy):  39.05%               Beta:   0.00
Qrtly S&P Index   Growth (yoy):  13.30%        Short Ratio:   2.25%
    Qrtly Revenue Growth (yoy):   5.16%         Shares Out:  23850000
   Qrtly Earnings Growth (yoy):   2.00%

          Book Value:  21.22                    Debt/Equity:  33.20%
    Price/Book Value:   1.33        Operating Profit Margin:   6.15%
         Price/Sales:   1.18                  Profit Margin:   5.22%
         Market Cap:     671,007,000       Return on Equity:   6.04%
    Enterprise Value:     848,140,000      Return on Assets:   2.61%

    Operating Cash Flow:     50,340,000
         Free Cash Flow:     35,160,000



Annual Income Statement:                          (All numbers in thousands)
  Period Ending                             07/31/2018   7/31/2017   7/31/2016

  Total Revenue                                570,589     550,368     411,004
  Cost of Revenue                              346,648     332,183     239,767
  Gross Profit                                 223,941     218,185     171,237

Operating Expenses:
  Research & Development                        53,869      54,260      42,190
  Selling, General & Administrative            113,922     116,080      94,932
  Non-Recurring Expenses                             0           0           0
  Other Operating Expenses                           0           0           0
  Total Operating Expenses                     535,514     525,346     390,304

Operating Income or Loss                        35,075      25,022      20,700

Income from Continuing Operations:
  Total Other Income/Expenses Net              -10,449         459     -28,892
  Earnings Before Interest & Taxes              35,075                 25,022  E
arnings Before Interest & Taxes              20,700
  Interest Expense                             -10,195     -11,629      -7,750
  Income Before Taxes                           24,626      25,481      -8,192
  Income Tax Expense                            -5,143       9,654        -454
  Minority Interest                                  0           0           0

Net Income from Continuing Op.s                 29,769      15,827      -7,738

Non-recurring Events:
  Discontinued Operations                            0           0           0
  Extraordinary Items                                0           0           0
  Effect of Accounting Changes                       0           0           0
  Other Items                                        0           0           0
  Net Income                                    29,769      15,827      -7,738
  Preferred Stock & Other Adjustments                0           0           0

Net Income Avail to Common Shares               29,769      15,827      -7,738



Annual Cash Flow Statement:                   (All numbers in thousands)
  Period Ending                         07/31/2018     7/31/2017     7/31/2016

  Net Income                                29,769        15,827        -7,738

Operating Activities:
  Depreciation                              34,730        37,177        23,245
  Adjustments to Net Income                  8,470         8,731         4,155
  Changes in Accounts Recv'bls             -24,578        25,508         5,806
  Changes in Liabilities                    13,728        -4,472        -1,255
  Changes in Investories                   -20,065         7,812         8,280
  Changes in other Oper'g Acts               5,968       -26,998       -17,321

Total Cash Flow f Operations                50,344        66,917        15,075

Investing Activities:
  Capital Exenditures                       -8,642        -8,150        -5,667
  Investments                                    0             0             0
  Other Cash Flows fr Investing                  0             0             0

Total Cash Flows from Investing             -8,642        -8,150      -286,202

Financing Activities:
  Dividends Paid                            -9,538       -18,872       -19,406
  Sale of Purchase of Stock                      0             0             0
  Net Borrowings                           -30,562       -63,659       120,697
  Other Cash Flows fr Financing                  0        -1,629             0

Total Cash Flows from Financing            -40,062       -83,728       186,979

  Effect of Exchange Rate Chg                    0             0             0

Change in Cash & Cash Equiv.                 1,640       -24,961       -84,148



Annual Balance Sheets:                              (All Numbers in Thousands)
  Period Ending                          07/31/2018     7/31/2017     7/31/2016
Current Assets:
  Cash & Cash Equivalents                    43,484        41,844        66,805
  Short Term Investments                          0             0             0
  Net Receivables                           147,439       124,962       150,967
  Inventory                                  75,076        60,603        71,354
  Other Current Assets                            0             0             0
  Total Current Assets                      265,999       227,409       289,126

  Long-Term Investments                           0             0             0
  Property, Plant & Equipt                   28,987        32,847        38,667
  Goodwill                                  290,633       290,633       287,618
  Intangible Assets                         240,796       261,871       284,694
  Accumulated Amortization                        0             0             0
  Other Assets                                4,948         5,668         6,578
  Deferred LT Asset Charges                       0             0             0

Total Assets                                845,157       832,063       921,196

Current Liabilities:
  Accounts Payable                           43,928        29,402        33,462
  Current Portion LT Debt                   167,899       195,802       258,649
  Other Current Liabilities                  73,252        73,502       107,837
  Total Current Liabilities                 285,079       298,706        399,948

  Long Term Debt                             43,928        29,402        33,462
  Other Liabilities                         167,899       195,802       258,649
  Deferred LT Liab. Charges                  73,252        73,502       107,837
  Minority Interest                               0             0             0
  Negative Goodwill                               0             0             0

Total Liabilities                           461,536       507,946       662,576

Stockholder Equity:
  Misc. Options, Warrants                         0             0             0
  Redeemable Preferred Stock                      0             0             0
  Preferred Stock                                 0             0             0
  Common Stock                                3,886         3,862         3,837
  Retained Earnings                         405,194       385,136       383,616
  Treasury Stock                           -441,849      -441,849      -441,849
  Capital Surplus                           538,453       533,001       524,797
  Other Stockhohlder Equity                       0             0             0
  Total Stockholder Equity                  505,684       480,150       470,401

Net Tangible Assets                         -25,745       -72,354      -101,911


Comtech Telecommunications Corp. (CMTL)     [Indices near +3.0, near zero,
                                            or < zero bear special attention.]
P/E Ratio Tests:
P/E Ratio < 28?            1.2340          P/E Ratio > 5?             1.0000
P/E Ratio Vs Growth Rate:  3.0000          Forward P/E Ratio < 28?    1.2939
Price/Sales Ratio < 2.3?   1.9492          Inventory/Sales < 5%?      0.3800
Sales < $1 Billion?        1.7526          Operating Margin < 7.5%?   1.2195

Balance Sheet Tests:
Debt/Equity < 0.40?        1.2048          Long-Term Debt Service:    2.5905
LTD Being Reduced?         3.0000          Short-Term Debt Service:  -3.0000
Current Ratio > 2?         0.4665          Working Capital >= 1.5?    1.6290
Leverage Ratio < 20%?      0.3592          Debt/Assets < 1?           3.0000
Quick Ratio > 1?           3.0000          Inventory Turnover > 1?    0.1402
Share Equity Increase:     2.0739          Market Cap.< 1.5 Billion?  2.2354
                                           Intangibles < 3% Assets?   0.0477
Income Tests:
Profit Margin < 7.5%?      0.6960          EPS Annual Growth > 10%?   0.0532
Dividend Yield > 2.0%?     1.4706          EPS 3-yr Growth > 15?     -0.0390
Enterprise Value/Revenue   1.1762          EPS Growth Consistent?     2.0000
Enterprise Value/EBITDA:   3.0000          Collection < 45 days?      0.4771
EPS Qrtly Growth > 10%?    0.0500          Gross Pft/Cur. LTD > 1?    1.3338
                                           Borrowing Int. Rate < 6%? -0.8715
Stock Performance Tests:
Volatility > 25%?          1.9101          % Held by Insiders < 5%?   1.5528
Beta > 1.25?               0.0000          % Held by Institut. < 50?  0.5572
50 Da MA > 200 Da MA?      0.0654          % Held by Institut. > 30?  2.9913
52-Wk Change vs. S&P 500:  3.0000          Short Ratio > 5?           0.4500
Price/Book Value < 3?      2.1697          Short % of Float > 20?     0.1850
Return on Assets > 17%?    0.1535          Average Volume > 100,000?  1.6073

Cash Flow Tests:
Oper. C.F. > Lever'd C.F:  1.4317          Positive Free Cash Flow?   3.0000
Positive Oper. Cash Flow?  3.0000          Price to C.F.Ratio < 14?:  2.0666
                                           Cash Flow / Assets > 10%?  1.1719

CMTL   Comtech Telecommunications Corp.    Overall Zenith Index:      1.2908


[Home]
Financial Statements

COMTECH TELECOMMUNICATIONS CORP  (CMTL)     INCOME STATEMENT

Fiscal year ends in July.                            2014-07         2015-07         2016-07         2017-07         2018-07             TTM           

Revenue                                          347,150,016     307,288,992     411,004,000     550,368,000     570,588,992     570,588,992
Cost of revenue                                  195,712,000     168,404,992     239,767,008     332,183,008     346,648,000     346,648,000
Gross profit                                     151,438,000     138,884,000     171,236,992     218,184,992     223,940,992     223,940,992


Operating expenses
Research and development                          34,108,000      35,916,000      42,190,000      54,260,000      53,869,000      53,869,000
Sales, General and administrative                 67,147,000      62,680,000      94,932,000     116,080,000     113,922,000     113,922,000
Restructuring, merger and acquisition                      0               0      21,276,000               0               0               0
Other operating expenses                           6,285,000       6,211,000      -7,861,000      22,823,000      21,075,000      21,075,000
Total operating expenses                         107,540,000     104,807,000     150,536,992     193,163,008     188,866,000     188,866,000

Operating income                                  43,898,000      34,077,000      20,700,000      25,022,000      35,075,000      35,075,000
Interest Expense                                   6,304,000         479,000       7,750,000      11,629,000      10,195,000      10,195,000
Other income (expense)                               913,000         405,000     -21,142,000      12,088,000        -254,000        -254,000
Income before taxes                               38,507,000      34,003,000      -8,192,000      25,481,000      24,626,000      24,626,000
Provision for income taxes                        13,356,000      10,758,000        -454,000       9,654,000      -5,143,000      -5,143,000
Net income from continuing operations             25,151,000      23,245,000      -7,738,000      15,827,000      29,769,000      29,769,000
Net income                                        25,151,000      23,245,000      -7,738,000      15,827,000      29,769,000      29,769,000
Net income available to common shareholders       25,151,000      23,245,000      -7,738,000      15,827,000      29,769,000      29,769,000

Earnings per share
Basic                                                   1.58            1.43           -0.46            0.68            1.25            1.25 
Diluted                                                 1.37            1.42           -0.46            0.67            1.24            1.24 

Weighted average shares outstanding
Basic                                             15,943,000      16,203,000      16,972,000      23,433,000      23,825,000      23,825,000
Diluted                                           20,906,000      16,418,000      16,972,000      23,489,000      24,040,000      24,040,000

____________________________________________________________________________________________________________________________________________


COMTECH TELECOMMUNICATIONS CORP  (CMTL)     BALANCE SHEET

Fiscal year ends in July.                            2014-07         2015-07         2016-07         2017-07         2018-07             

Assets

Current assets

Cash

Total cash                                       154,500,000     150,952,992      66,805,000      41,844,000      43,484,000

Receivables                                       41,370,000      39,062,000     111,650,000      89,901,000     109,662,000
Inventories                                       61,332,000      62,068,000      71,354,000      60,603,000      75,076,000
Deferred income taxes                             10,178,000      11,084,000               0               0               0
Prepaid expenses                                   9,947,000       7,396,000      14,513,000      13,635,000      13,794,000
Other current assets                              13,517,000      30,193,000      39,317,000      35,061,000      37,777,000
Total current assets                             290,844,000     300,756,000     303,639,008     241,044,000     279,792,992

Non-current assets

Property, plant and equipment
Gross property, plant and equipment              118,480,000     120,739,000     151,379,008     160,083,008     168,363,008
Accumulated Depreciation                         -99,944,000    -105,369,000    -112,712,000    -127,236,000    -139,376,000
Net property, plant and equipment                 18,536,000      15,370,000      38,667,000      32,847,000      28,987,000

Goodwill                                         137,354,000     137,354,000     287,617,984     290,632,992     290,632,992
Intangible assets                                 26,220,000      20,009,000     284,694,016     261,871,008     240,796,000
Other long-term assets                               898,000         388,000       6,578,000       5,668,000       4,948,000
Total non-current assets                         183,008,000     173,120,992     617,556,992     591,019,008     565,363,968

Total assets                                     473,852,000     473,876,992     921,196,032     832,062,976     845,156,992 

Liabilities and stockholders' equity

Liabilities

Current liabilities
Short-term debt                                            0               0      11,067,000      15,494,000      17,211,000
Capital leases                                             0               0       3,592,000       2,309,000       1,836,000
Accounts payable                                  18,902,000      15,708,000      33,462,000      29,402,000      43,928,000
Accrued liabilities                               14,207,000      11,036,000      75,961,000      49,270,000      41,597,000
Deferred revenues                                 12,610,000      14,320,000      29,665,000      25,771,000      34,452,000
Other current liabilities                         20,469,000      23,273,000      30,399,000      21,965,000      26,292,000
Total current liabilities                         66,188,000      64,337,000     184,146,000     144,211,008     165,316,000

Non-current liabilities
Long-term debt                                             0               0     239,968,992     176,228,000     148,087,008
Capital leases                                             0               0       4,021,000       1,771,000         765,000
Deferred taxes liabilities                         3,632,000       2,925,000       9,798,000      17,306,000      10,927,000
Deferred revenues                                          0               0       5,764,000       7,227,000       7,689,000
Other long-term liabilities                        7,107,000       5,206,000       7,097,000       5,170,000       6,689,000
Total non-current liabilities                     10,739,000       8,131,000     266,648,992     207,702,000     174,156,992

Total liabilities                                 76,927,000      72,468,000     450,795,008     351,912,992     339,472,992 

Stockholders' equity

Common stock                                       3,102,000       3,117,000       3,837,000       3,862,000       3,886,000
Additional paid-in capital                       421,240,000     427,083,008     524,796,992     533,000,992     538,452,992
Retained earnings                                409,443,008     413,057,984     383,616,000     385,136,000     405,193,984
Treasury stock                                  -436,860,000    -441,848,992    -441,848,992    -441,848,992    -441,848,992
Total stockholders' equity                       396,924,992     401,408,992     470,400,992     480,150,016     505,684,000
Total liabilities and stockholders' equity       473,852,000     473,876,992     921,196,032     832,062,976     845,156,992

____________________________________________________________________________________________________________________________________________


COMTECH TELECOMMUNICATIONS CORP  (CMTL)     Statement of CASH FLOW

Fiscal year ends in July. USD.                       2014-07         2015-07         2016-07         2017-07         2018-07             TTM           

Cash Flows From Operating Activities
Net income                                        25,151,000      23,245,000      -7,738,000      15,827,000      29,769,000      29,769,000
Depreciation & amortization                       13,006,000      12,736,000      23,245,000      37,177,000      34,730,000      34,730,000
Amortization of debt discount/premium and is       4,263,000       4,363,000       4,117,000       8,506,000       8,569,000       8,569,000
Deferred income taxes                               -404,000      -2,365,000      -3,241,000       9,056,000      -6,379,000      -6,379,000
Change in working capital                        -10,643,000     -19,750,000      -5,487,000       2,943,000     -24,821,000     -24,821,000
Accounts receivable                               -5,092,000     -15,132,000       5,806,000      25,508,000     -24,578,000     -24,578,000
Inventory                                          1,250,000      -3,446,000       8,280,000       7,812,000     -20,065,000     -20,065,000
Prepaid expenses                                  -1,879,000         543,000       2,112,000        -956,000         787,000         787,000
Accounts payable                                     512,000      -3,194,000      -1,255,000      -4,472,000      13,728,000      13,728,000
Accrued liabilities                               -2,212,000        -844,000     -12,173,000     -23,097,000      -3,140,000      -3,140,000
Interest payable                                  -1,372,000         -29,000       1,292,000      -1,039,000         234,000         234,000
Income taxes payable                              -1,373,000       1,662,000        -892,000       1,355,000         126,000         126,000
Other working capital                               -477,000         690,000      -8,657,000      -2,168,000       8,087,000       8,087,000
Other non-cash items                               3,215,000       3,497,000       4,074,000      -6,854,000       8,476,000       8,476,000
Net cash provided by operating activities         34,588,000      21,726,000      14,970,000      66,655,000      50,344,000      50,344,000

Cash Flows From Investing Activities
Investments in property, plant, and equipmen      -4,937,000      -3,362,000      -5,667,000      -8,150,000      -8,642,000      -8,642,000
Acquisitions, net                                          0               0    -280,535,008               0               0               0
Net cash used for investing activities            -4,937,000      -3,362,000    -286,201,984      -8,150,000      -8,642,000      -8,642,000

Cash Flows From Financing Activities
Debt issued                                                0               0     353,904,000               0               0               0
Debt repayment                                  -149,963,008               0    -233,207,008     -63,659,000     -30,562,000     -30,562,000
Common stock issued                                  913,000         917,000      95,705,000         694,000         855,000         855,000
Common stock repurchased                         -70,729,000      -4,989,000               0               0               0               0
Excess tax benefit from stock based compe            738,000         148,000          28,000          82,000               0               0
Dividend paid                                    -18,677,000     -19,426,000     -19,406,000     -18,872,000      -9,538,000      -9,538,000
Other financing activities                         5,925,000       1,439,000      -9,940,000      -1,711,000        -817,000        -817,000
Net cash provided by (used for) financing       -231,792,992     -21,911,000     187,084,000     -83,466,000     -40,062,000     -40,062,000

Net change in cash                              -202,142,000      -3,547,000     -84,148,000     -24,961,000       1,640,000       1,640,000
Cash at beginning of period                      356,641,984     154,500,000     150,952,992      66,805,000      41,844,000      41,844,000
Cash at end of period                            154,500,000     150,952,992      66,805,000      41,844,000      43,484,000      43,484,000

Free Cash Flow
Operating cash flow                               34,588,000      21,726,000      14,970,000      66,655,000      50,344,000      50,344,000
Capital expenditure                               -4,937,000      -3,362,000      -5,667,000      -8,150,000      -8,642,000      -8,642,000
Free cash flow                                    29,651,000      18,364,000       9,303,000      58,505,000      41,702,000      41,702,000
____________________________________________________________________________________________________________________________________________





[Home]
Average to Current P/E Ratios
              (CMTL)     Comtech Telecommunications Corp.

                               2013    2014    2015    2016    2017

          Annual Earnings:     1.37    1.42   -0.46    0.67    1.24
Average Price During Year:    26.29   34.30   29.05   17.20   16.27

                P/E Ratio:    19.19   24.15   63.14   25.67   13.12

 Average 5-Year P/E Ratio  =  29.05
             Current Price =  27.51

Previous 5 Quarter Earnings:   0.31   -0.07    0.66    0.34    0.31

           Current Annualized (Last Four Quarters) Earnings =   1.31
                                                           ________
                                 Average PE / Current PE =     1.38
                                                           --------

                                      ...a number above 1.00 is good
                                                1.00 or below is bad


[Home]
Financial Ratios

. . . . . . . . . . . . Lowest to Highest, Compared to Industry



[Home]
Intrinsic Value (DCF)

Intrinsic Value by Discounted Cash Flow Method:

Intrinsic Value



[Home]
Fair Value Estimator

Fair Value Estimate:

Fair ValueFair Value



[Home]
Projected Earnings

Earnings Estimates



[Home]
Research Reports

Click Here for Research Reports



[Home]
Analysts' Opinions

Analysts' Opinion 1
Analysts' Opinion 1
Analysts' Opinion 1
Analysts' Opinion 1
Analysts' Opinion 2



[Home]
Insider Activity

Insiders Chart Insider Trades
Insider Trades
Executive Compensation Executive Compensation



[Home]
Institutional Activity

Institutional Orders to Buy or Sell:

institutions 1
Ownership:

institutions 2


[Home]
Sentiment

sentiment

Zenith uses the "sentiment" score above or below 50 to award a positive or negative point in the Decision Matrix.

sentiment sentiment sentiment



[Home]
Short Interest Ratio

As the short interest rises as a percentage of average daily share volume (Days to Cover), this is considered a measure of negative sentiment. Similarly, a decrease in that percentage is considered positive sentiment.

short interest short interest


[Home]
Standard & Poor's

S&P Stock Report (Requires Adobe Acrobat Reader)



[Home]
Management's Discussion of Results of Operations Excerpts

Click Here for Management's Discussion Excerpts



[Home]
Channeling Potential

 
The summary below includes a value for `Degree,' which refers on a
scale of 1 to 10 the range of a channel in the period under consi-
deration compared to the total range of price movement. It also looks
for the last closing price to be within the channel, otherwise zeroed.
The `Index' is the `Degree' weighted for volatility.  Generally, the
the higher the index, the more suitable is the stock for trading as
a `rolling stock' between channel high and low points.

Results for COMTECH TELECOMMUNICATIONS INC.:
Symbol? CMTL
Total Months Available:  25
       Months in Cycle?   4

Months Covered by Periods:  12

Period 1           Period 2          Period 3
   H1      L1        H2      L2        H3      L3
  23.90   19.30     34.61   22.03     36.94   28.07

RANGE   =  36.94  TO   19.30            Close =  27.51
CHANNEL =  28.07  TO   23.90           Degree =   2
Volatility =  15.16%                    Index =   3
Channel Chart



[Home]
MACD Histogram Divergence

The theory is that connecting the two most recent peaks or valleys of the MACD histogram will signal the direction of the next major move.



[Home]
Intraday Chart

2 Days:



[Home]
Val Idea

2 out of 8 favorable, (negative opinion.)

Val Idea
Val Idea


[Home]
Stock Consultant

Stock Consultant Stock Consultant


[Home]
Point & Figure Chart

P & F Chart


[Home]
Wall Street Analyzer



[Home]
Marketspace Chart

Marketspace Chart



[Home]
Time Series Forecast

Time Series 1 Time Series 2


[Home]
Neural Network Prediction

"Neurostock" can only track long trades. Therefore its performance, as tracked by itself on stocks which are consistently falling, may not appear as good as it could if each "sell" signal were a "short sale."

Neural Chart
Heading
Neural Trades Neural Prediction



[Home]
Ultimate Trading Systems

3 out of 3 of the ultimate systems favor a downmove.


System Below:
Short term outlook: Positive: Bright Green, Negative: Bright Red
Long term outlook: Postive: Dark Green, Negative: Dark Red.




[Home]
Recommendation

Decision Weighting Factors
FactorsWeighted Points
News + 1
Comparison + 1
Industry + 1
Bond Issue 0
Zenith Index + 1
Non-GAAP vs. GAAP Earnings - 1
Cash Flow + 1
Average to Current P/E + 1
Ratios + 1
Intrinsic Value DCF + 1
Fair Value Estimator + 1
Projected Earnings + 1
Research Reports + 1
Analysts + 1
Executive Perquisites + 1
Insider Activity - 1
Institutional Activity + 1
Management Reporting + 1
Short Interest + 1
Sentiment - 1
Standard & Poor's - 1
MACD Histogram Divergence - 1
Val Idea - 1
Stock Consultant + 1
Point & Figure - 1
Wall Street Analyzer - 1
Marketspace Chart - 1
Time Series Chart - 1
Neural Network - 1
Stock Options + 1
Ultimate Trading Systems - 1
Total + 6
Place 1,090 shares of Comtech Telecommunications, Inc. (CMTL) on the Active List.