Comtech Telecommunications Faces Nasdaq Compliance Problem

The most recent announcement comes from Comtech Telecommunications ((CMTL)).

Comtech Telecommunications Corp. has acquired discover from Nasdaq indicating non-compliance with periodic submitting necessities as a consequence of late submission of its quarterly report for the interval ended October 31, 2024. Though this doesn’t instantly have an effect on the itemizing or buying and selling standing of the corporate, Comtech has till February 17, 2025 to submit a corrective plan to Nasdaq. If accepted, an extension till June 16, 2025 might be granted. The corporate is actively working to finalize the report and hopes to revive compliance throughout the specified timeframe.

Be taught extra about Comtech Telecommunications

Comtech Telecommunications Corp. is a world expertise chief in satellite tv for pc and house communications applied sciences, terrestrial and wi-fi networking options, NG911 emergency companies and cloud-native capabilities, serving industrial and authorities prospects world wide. The corporate leverages its international presence and a long time of expertise to ship modern communications options.

12 months-to-date value efficiency: -56.23%

Common buying and selling quantity: 475 355

Technical Sentiment Consensus Ranking: Purchase

Present market capitalization: $107.5 million

For an in-depth have a look at CMTL inventory, go to TipRanks Stock Analysis Page.