🔴 Comtech Telecommunications Corp is trading 13.04% down today after Q3 earnings miss and $157.5M satellite business divestiture

Comtech Telecommunications Corp is trading 13.04% down at $2.60 after reporting third-quarter results and a major strategic divestiture.

• The company posted $106.0 million in revenue and a net loss of $0.47 per share, missing market expectations.
• Management announced a $157.5 million sale of the majority of its satellite business as part of a significant portfolio shift.
• The stock remains highly volatile following a 42.96% drop on June 15 and a subsequent 8.53% rebound as investors digest the restructuring news.