Boenning & Scattergood Announces Investment Opinion on Comtech Telecommunications Corp.WEST CONSHOHOCKEN, Pa. -- Boenning & Scattergood initiated coverage of Comtech Telecommunications Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CMTL CMTL Chief Military Training Leader CMTL Center for Mathematics, Teaching and Learning ) yesterday with a Market Outperform market outperform An analyst recommendation that a stock is expected to outperform the overall market. rating and a 12-month price target of $70.00. Comtech Telecommunications Corporation develops, produces, and sells systems and services related to advanced communications aimed at the commercial and defense markets. We believe the company's superior operating fundamentals and healthy cash flows in addition to the following three factors make Comtech worthy of investment consideration: * Market leadership in all three of its operating segments: Telecommunications Transmissions, Mobile Data Com, and RF Amplifiers. * Value-add technology that provides customers with a compelling ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). and quick payback period Payback Period The length of time required to recover the cost of an investment. Calculated as: . * Expanding global demand for bandwidth should serve as a catalyst for all of Comtech's products in future years. About Boenning & Scattergood: Founded in 1914, Boenning & Scattergood, Inc. is the oldest independently owned investment securities firm in the Philadelphia region. The firm offers a full compliment of investment services to institutional, retail and corporate clients, including research, sales, trading, investment banking and public finance. For more information, please visit www.boenninginc.com. This release is neither an offer to sell nor a solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual to buy any securities mentioned herein. Please refer to the full report, which is available upon request, for additional details and disclosures. |
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