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Comtech Telecommunications ( (CMTL) ) has issued an announcement.
Comtech Telecommunications Corp. announced the appointment of Kenneth Traub as the new President and CEO, replacing John Ratigan. Traub will lead a comprehensive transformation to improve operational discipline, streamline product lines, and optimize staffing, expected to result in cost savings and working capital efficiencies. The company will also explore strategic alternatives to enhance its strategic focus and strengthen its balance sheet. The changes aim to position Comtech for sustainable growth, particularly in its Satellite & Space Communications and Terrestrial & Wireless Networks segments, while supporting profitable growth initiatives in public safety technologies.
More about Comtech Telecommunications
Comtech Telecommunications Corp. is a leading provider of satellite and space communications technologies, terrestrial and wireless network solutions, Next Generation 911 (NG911) and emergency services, and cloud native capabilities to commercial and government customers globally. The company leverages its global presence and decades of technology leadership to offer innovative solutions for mission-critical communications.
YTD Price Performance: 0.98%
Average Trading Volume: 507,394
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $120.3M
Learn more about CMTL stock on TipRanks’ Stock Analysis page.
