B. Riley keeps Buy on Comtech Telecom with a $4.75 target
B. Riley Securities reiterated its Buy rating on Comtech Telecom with a $4.75 target, versus an Oct 14 close of $1.28, citing a $520 million backlog.
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what happened
B. Riley Securities has kept its Buy recommendation on Comtech Telecom shares and set a price target of $4.75. That level works out to 271.1% above the Oct 14 closing price of $1.28.
The analysts point to a funded backlog of $520 million and a broader revenue visibility figure of $862 million, drawn from multi-year agreements. They also single out the Allerium segment, which they estimate holds roughly 25% of the next-generation 911 market and which they describe as a leader in that niche.
why it matters
This reflects the view of one brokerage rather than a market consensus. For investors, the note's main focus is the size of the order book and the segment's position in emergency call infrastructure, while the gap between the closing price and the target is a calculated figure, not a guarantee.
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prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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