BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Comtech Telecommunications Corp. (“Comtech” or the “Company”) (NASDAQ: CMTL) investors concerning the Company’s possible violations of federal securities laws.
On March 13, 2024, Comtech announced that it would be unable to file its quarterly report for the period ended January 31, 2024 on time and that the Company had terminated its President and CEO, effective immediately.
On this news, Comtech’s stock price fell $1.57, or 27.3%, to close at $4.19 per share on March 13, 2024, thereby injuring investors.
Then, on March 18, 2024, Comtech released its second quarter 2024 financial results, reporting a per share loss of $0.15, missing consensus estimates by $0.35. On this news, Comtech’s stock price fell $1.17, or 25.4%, to close at $3.43 per share on March 19, 2024, thereby injuring investors further.
If you purchased Comtech securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847 or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
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