Comtech Telecommunications is trading 5.52% down at $1.37, with the decline possibly reflecting fiscal Q4 revenue substantially below analyst estimates, though no report directly links the results to the October 16 drop.
- Fiscal Q4 revenue was $66.2 million, down from $75.3 million a year earlier.
- B. Riley cut its price target to $4.75 from $6 while retaining a Buy rating.
- The broader market is mixed and does not clearly explain the drop.