Comtech Telecommunications is trading 10.16% up at $1.41 after its planned $157.5 million sale of most of its satellite business.
- On October 14, fiscal 2026 fourth-quarter sales fell 12.1% year over year to $66.2 million; gross margin rose to 40.6% from 34.7%.
- The sale is expected to close in calendar 2026, subject to conditions and regulatory approvals; expected annual savings are $16 million to $18 million after transition implementation.
- Comtech is pivoting toward public-safety technology; the release provided no formal fiscal 2027 guidance.