🔴 Comtech Telecommunications is trading 10.69% down with no new October 16 catalyst identified

Comtech Telecommunications is trading 10.69% lower at $1.29; no new October 16 announcement was identified.

• Shares rose 13.28% to $1.45 on October 15.
• Q4 revenue was $66.23 million versus $109.3 million expected; adjusted loss per share was $0.49 versus $0.59 expected. Reporting does not directly link the decline to results.
• Nasdaq fell 2.07% and the S&P 500 1.11%; broader pressure may contribute. The pending $157.5 million satellite-business sale is expected to complete by year-end.