UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended July 31, 2024 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 0-7928 | --- | --- | |-----------------------------------------------------------------------------------------------------|-----------------------------------------------| | (S ...

Core Insights - The article compares Comtech Telecommunications (CMTL) and Qualcomm (QCOM) to determine which stock offers better value for investors [1] Valuation Metrics - CMTL has a forward P/E ratio of 7.75, while QCOM has a forward P/E of 15.93 [5] - CMTL's PEG ratio is 0.97, indicating a favorable valuation relative to its expected earnings growth, compared to QCOM's PEG ratio of 1.40 [5] - CMTL's P/B ratio is 0.30, significantly lower than QCOM's P/B ratio of 7.86, suggesting CMTL is undervalued relative to its book value [6] Zacks Rank and Earnings Outlook - CMTL has a Zacks Rank of 2 (Buy), indicating a positive earnings estimate revision trend, while QCOM has a Zacks Rank of 3 (Hold) [3] - The improving earnings outlook for CMTL is a positive indicator for value investors [3] Overall Conclusion - CMTL exhibits stronger estimate revision activity and more attractive valuation metrics than QCOM, making it a superior option for value investors at this time [7]

Core Viewpoint - Momentum investing focuses on "buying high and selling higher," contrasting with traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investing can be risky as stocks may lose momentum if their valuations exceed future growth potential [1] - A safer approach involves investing in bargain stocks that exhibit recent price momentum, identified through the Zacks Momentum Style Score [2] Group 2: Comtech Telecommunications (CMTL) Analysis - CMTL has shown a price increase of 30.3% over the past four weeks, indicating growing investor interest [3] - The stock gained 35.7% over the past 12 weeks, demonstrating its ability to deliver positive returns over a longer timeframe [4] - CMTL has a beta of 1.59, suggesting it moves 59% more than the market in either direction, indicating fast-paced momentum [4] - CMTL has a Momentum Score of B, suggesting it is an opportune time to invest in the stock [5] - The stock has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which attract more investors [6] - CMTL is trading at a Price-to-Sales ratio of 0.22, indicating it is relatively cheap at 22 cents for each dollar of sales [6] Group 3: Additional Investment Opportunities - Besides CMTL, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [7] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles to identify potential winning stocks [8]

Core Message - Ken Peterman, former CEO and Chairman of Comtech Telecommunications Corp, endorses a complete board overhaul to restore stockholder value [1] - Peterman is the third former CEO of Comtech to call for a fully reconstituted Board of Directors [2] Board and Leadership Changes - Peterman's endorsement follows an open letter by Fred Kornberg and Michael Porcelain detailing the urgent need for board and leadership changes [2] - The current Board's actions have disrupted progress, driven away executives, impacted customer relations, and impeded stockholder value [4] - The June 2024 financing deal had a blended interest rate of 14.0%, with an effective interest rate exceeding 18.0% due to warrants issued to lenders [4] Strategic Initiatives - Peterman was a driving force behind the One Comtech initiative, aimed at unifying businesses, cutting operating costs, and driving efficiencies [3] - The One Comtech strategy was built on the foundation laid by Fred Kornberg and Mike Porcelain, focusing on acquisitions and operational excellence [4] Operational and Strategic Expertise - Mike Porcelain was instrumental in expanding Next-Generation 911 and satellite earth station product lines, and overseeing acquisitions like Solacom Technologies Inc and UHP Networks [4] - Fred Kornberg's tenure as CEO transformed Comtech from less than $20 million in revenue to a global leader with over 2,000 employees [5] Shareholder Perspective - Peterman, as a large stockholder, emphasizes the need for a Board with deep operational expertise and a proven track record of delivering long-term stockholder value [6] - His endorsement is independent and based on his assessment of what is best for Comtech's stockholders, customers, and employees [6] Background on Ken Peterman - Ken Peterman is the Founder and CEO of TheSpyGlass Group, specializing in defense and aerospace market trends [7] - He served as President and CEO of Comtech from August 2022 and was previously President of Viasat Government Systems from 2013 to 2021 [7]

Core Viewpoint - Significant stockholders and former CEOs of Comtech Telecommunications Corp. advocate for an independent evaluation of strategic options for the company's 911 Public Safety business, the appointment of an external CEO and COO, and other initiatives to enhance stockholder value [1][4][22]. Group 1: Nomination of New Directors - Michael Porcelain has nominated a slate of eight highly qualified director candidates for election to the Comtech Board at the upcoming 2024 Annual Meeting of Stockholders, collectively owning approximately 7.6% of the outstanding shares [2][6]. - The nominees include experienced professionals from various sectors, such as Keith Hall, Michael Hildebrandt, Fred Kornberg, and others, each bringing relevant industry expertise [3][23]. Group 2: Recommendations for Comtech - The nominees propose critical actions for Comtech's future success, including leadership change disclosures, a thorough search for an external CEO and COO, and an evaluation of strategic options for the 911 Public Safety business [9][10][11]. - Recommendations also include assessing capital structure and financing, enhancing core business units, optimizing operational efficiency, investing in innovation, and establishing targeted profit centers [12][13][14][15][16]. Group 3: Strategic Alternatives for 911 Public Safety Business - The stockholders recommend exploring strategic alternatives for the 911 Public Safety business, suggesting that a well-executed sale process could unlock substantial stockholder value, potentially exceeding $553 million based on industry comparisons [17][18]. - They have consulted with an industry-specific investment banking firm and believe that the 911 Public Safety business is significantly larger than Rave Mobile Safety, Inc., which was sold for $553 million [18][20]. Group 4: Engagement and Communication - The stockholders express their commitment to engaging in constructive dialogue with the Board and management to collaboratively develop strategies that benefit all stockholders [22][23]. - A new website, TheFutureComtech.com, has been created to facilitate communication and provide updates on the stockholders' initiatives and SEC filings [21].

Core Insights - Comtech Telecommunications Corp. (CMTL) has launched a Digital Common Ground (DCG) portfolio of modems aimed at assisting the U.S. Department of Defense and coalition partners in transitioning to a digitized and hybrid satellite network architecture [1] Group 1: Product Features and Market Position - The DCG product line is built on Comtech's advanced satellite communications modem portfolio, designed to serve both commercial and government markets on a unified platform with an open-standard and flexible architecture [2] - The product line offers multi-gigabit throughput, which is expected to minimize overall lifecycle costs for customers while delivering industry-leading performance and efficiency [3] - Modern cybersecurity design principles have been integrated at every level of the product line, ensuring secured over-the-air communication and compliance with Federal Information Protection Standards 140-3 Level 2 certification [4] Group 2: Market Impact and Financial Outlook - The DCG portfolio is one of the first to provide robust access to multi-orbit capabilities across commercial and purpose-built networks, compliant with Digital Intermediate Frequency Interoperability standards [5] - This launch is expected to generate incremental demand for Comtech's products and services, potentially leading to higher revenues and improved financial performance, which may positively impact the stock price [5] - Over the past year, CMTL's shares have decreased by 61.8%, contrasting with the industry's growth of 40.5% [6]

SAN FRANCISCO, July 19, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Comtech Telecommunications Corp. (NASDAQ: CMTL) investors who suffered substantial losses to take action by submitting your losses here. Comtech, a Melville, Long Island provider of next-generation 911 technology, faces heightened financial uncertainty after announcing another delay in filing its quarterly financial statements on June 10, 2024. This latest development adds to a string of negative events that have cast a shadow over the com ...

This is part of Comtech's broader initiative to deploy NG9-1-1 systems throughout the country. The company is already working with all the leading ESInet providers in the nation, including SaskTel, Bell and Telus, to build the critical NG9-1-1 infrastructure in various regions. CMTL recently completed a local NG9-1-1 PSAP (Public Safety Answering Point) migration in Ontario, which underscores the company's expanding footprint in Canada's public safety technology sector. Owing to these advanced features and ...

Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Comtech Telecommunications Corp. (NASDAQ: CMTL) resulting from allegations that Comtech may have issued materially misleading business information to the investing public. What is this about: On March 13, 2024, Comtech filed with the SEC a current report on Form 8-K. In this 8-K, Comtech announced that on March 12, 2024, "the Board of Directors (the "Board of Directo ...

BOSTON, June 26, 2024 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Comtech Telecommunications Corp. (NASDAQ:CMTL) for potential securities law violations. Investors who have lost money in their Comtech Telecommunications investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/cmtl. What is this all about? Who is eligible? What is Block & Leviton doing? What should you do next? Whistleblower? If you have non-pu ...