Comtech Telecommunications Corp.’s (NASDAQ:CMTL) Price Is Right But Growth Is Lacking After Shares Rocket 41%
Comtech Telecommunications Corp. (NASDAQ:CMTL) shareholders are no doubt pleased to see that the share price has bounced 41% in the last month, although it is still struggling to make up recently lost ground. Unfortunately, the gains of the last month did little to right the losses of the last year with the stock still down 11% over that time.
Although its price has surged higher, Comtech Telecommunications’ price-to-sales (or “P/S”) ratio of 0.1x might still make it look like a buy right now compared to the Communications industry in the United States, where around half of the companies have P/S ratios above 1.5x and even P/S above 4x are quite common. Nonetheless, we’d need to dig a little deeper to determine if there is a…
