Comtech Telecommunications Corp. (CMTL)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Comtech Telecommunications Corp. (“Comtech” or “the Company”) (NASDAQ: CMTL). The investigation concerns whether Comtech and certain of its officers and/or directors have violated federal securities laws.
On June 8, 2021, Comtech reported its operating results for the third fiscal quarter ended April 30, 2021 and updated its financial targets for fiscal 2021. Among other items, Comtech reported that it expected fiscal 2021 consolidated net sales to be in the range of $580 million to $590 million and explained that the “updated target primarily reflects a change in anticipated revenues in its Governmental Solutions segment due to the U.S. government’s April 2021 announcement to fully withdraw troops from Afghanistan as well as other program changes.” On this news, Comtech’s stock price fell $3.53 per share, or 13.76%, to close at $22.13 per share on June 9, 2021.
If you are aware of any facts relating to this investigation, or purchased Comtech shares, you can assist this investigation by visiting contacting the firm. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.