Comtech Telecommunications Corp is trading at $4.94 (9.9%) up in pre-market, rebounding from a sharp multi-day slide as investors position ahead of its fiscal third-quarter earnings report.
- The move follows reports highlighting a strong order book, providing a potential catalyst for the stock despite its recent downward trend.
- Traders are showing increased optimism, noting that the stock has previously seen double-digit pre-market gains leading up to earnings announcements.