Divestiture proceeds to retire senior debt as recurring revenue climbs to 80%.
CMTL Comtech Telecommunications
XNAS
1.32
Delayed
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
CMTL
$1.32
—
Key stats
$1.32
- 52-Week Range
- $1.14 – $6.21
- YTD
- -76.13%
- Straddle Price
- $2.45
- P/C Vol Ratio
- 1.33
- Market Cap
- $0.0B
- Open
- $1.24
- Day Range
- $1.23 – $1.33
- Volume
- 174,532
- Prev Close
- $1.24
Fair Value
+50.0% vs price
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 5.13% |
| Beta vs SPY | 1.23 |
| Cost of Equity (CAPM) | 11.90% (VRP-adj) |
| WACC | 7.12% |
| Volatility Risk Premium | +255.1pp (IV − HV30), ERP adj +50bps |
| Effective Tax Rate | 21.0% |
| Rev. Growth (YoY, DCF input) | +3.0% |
| DCF Horizon | 5 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.03 (applied to P/E, EV/EBITDA, P/S) |
| Free Cash Flow (TTM) | $0.0B |
| Return on Equity (TTM) | -139.3% |
| Book / Price | 105.1% — banking bias active (P/B is primary) |
| Gross Margin (TTM) | 33.7% |
| FCF Margin (TTM) | 6.9% |
| Debt / Equity | 2.17 |
| Quality Score | 1/6 — cyclical/struggling (5y DCF) |
| SMA 50 | $1.48 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $1.30 |
| Bollinger Width / SMA20 | 1731.7% (drives anchor stability) |
| Net Debt | $0.0B |
| Market Cap | $0B |
Peers used for multiples: EGHT, OSPN, OTEX, SWKS, SYNA, TBCH
(filtered from 8 ETF-co-members; sector bias active)
Blended Fair Value
$8.84
Deviation
+50.0%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | $15.21 | 29% | |
| DDM (Gordon) | n/a | 0% | |
| Peer P/E | n/a | 0% | median 36.6× · 4 peers |
| Peer EV/EBITDA | $8.94 | 9% | median 17.6× · 6 peers |
| Peer P/B | $3.89 | 11% | median 3.0× · 6 peers |
| Peer P/S | $23.24 | 11% | median 2.1× · 6 peers |
| Market Anchor (SMA50) | $1.48 | 40% | stability 68% (BB-width) |
| Options Expected (B-L 30d) | n/a | 0% |
As of 2026-10-26 · updated
Related
About
- Industry (SIC)
- RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT (3663) · industry map
- Exchange
- XNAS
- Market Cap
- $0.0B
- Employees
- 1,292
- List Date
- 1988-01-22
- CIK
- 0000023197
- Next Earnings
- 2026-12-10 (After-Close)
- EPS Forecast
- ($0.27) (1 est.)
- Headquarters
- Chandler, AZ
- Homepage
- https://www.comtechtel.com
Comtech Telecommunications Corp is a provider of mission-critical communications infrastructure and software for public safety and mobile networks world-wide, including technologies that locate, route, deliver and answer 9-1-1 calls and emergency communications, as well as carrier-grade location, messaging and public alerting capabilities, when every connection counts. Its solutions are designed to fulfill its customers needs for secure wireless communications in the demanding environments. The company has single reportable segment. Majority of sales is from Domestic market.
Summary
—
composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 5.28% | -15.15% | 29.15% | -21.95% | -51.10% | 0.54% | -8.87% |
| Feb | 20.97% | 1.43% | -1.24% | 3.84% | -9.57% | -9.71% | 0.95% |
| Mar | -13.12% | -21.78% | -24.09% | -48.03% | -0.62% | -36.64% | -24.05% |
| Apr | -7.13% | -14.47% | -16.06% | -43.03% | -11.61% | 0.86% | -15.24% |
| May | 4.33% | -5.51% | 5.22% | 35.33% | 45.45% | 52.72% | 22.92% |
| Jun | 1.30% | -30.50% | -24.77% | 17.90% | 13.95% | -63.29% | -14.23% |
| Jul | -3.14% | 25.08% | 9.96% | 4.85% | -7.26% | -20.19% | 1.55% |
| Aug | 0.67% | -1.05% | -0.40% | -0.32% | -4.88% | 1.81% | -0.69% |
| Sep | -0.66% | -9.17% | -13.11% | 58.22% | 28.36% | -12.74% | 8.48% |
| Oct | -17.55% | 8.87% | 43.53% | -16.78% | 7.17% | -0.75%* | 4.08% |
| Nov | -6.65% | 6.09% | -4.14% | 16.49% | 0.66% | -- | 2.49% |
| Dec | -4.48% | 2.45% | -30.96% | 8.67% | 67.94% | -- | 8.72% |
| Total | -22.66% | -49.70% | -41.85% | -33.30% | 32.07% | -77.11% | -32.09% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $1.30
SMA 50: $1.47
SMA 200: $3.27
Current: $1.32
EMA 12: $1.30
EMA 26: $1.35
MACD: -0.0497 | Signal: 0.0097
BEARISH
ADX (14): 25.21
TREND
+DI: 20.39
−DI: 22.45
Momentum Oscillators
RSI (14): 47.12
NEUTRAL
Stoch %K: 33.33
Stoch %D: 30.88
Williams %R: -50.00
Volume & Volatility
BB Upper: $1.44
BB Lower: $1.16
NEUTRAL
OBV: -12,183,790
Vol SMA 20: 342,429
Vol ROC: -65.64%
ATR: $0.10
True Range: $0.10
HV 20: 79.9%
HV 30: 67.5%
HV 60: 55.4%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-28T00:00:00 – 2026-10-26T00:00:00
AI Analysis
LLM Stock Analysis Report
SYMBOL: CMTL
Executive Summary BULLISH/BEARISH: BEARISH (confidence level: 6)
Key drivers and primary risks:
- Recent overbought RSI reading suggests potential selling pressure
- MACD signal line crossover indicates bullish momentum, but IV rank is low, indicating historically low volatility
- Beta is high at 1.54, suggesting increased risk relative to the market
2-3 sentence investment thesis: CMTL's recent price surge may be unsustainable due to overbought technical indicators and high volatility. Despite this, the company's earnings history suggests potential for future growth. However, caution is advised given the stock's high beta and low IV rank.
Recent news sentiment impact: The neutral marketbeat article had no significant impact on the analysis.
Technical Analysis
- Trend Direction: Short-term: NEUTRAL (1-4 weeks), Medium-term: BEARISH (1-3 months), Long-term: BULLISH (3-12 months)
- Support/Resistance Levels: SMA 20 at $3.36 and upper Bollinger Band at $4.22 are key resistance levels
- Momentum Signals:
- RSI interpretation: Overbought (72.86) suggests potential selling pressure
- MACD signal line crossover is bullish
- Bollinger Bands indicate overbought condition
News & Sentiment Analysis
- Recent Headlines Summary: The only recent headline was a neutral marketbeat article, which did not have a significant impact on the analysis.
- Sentiment Assessment: NEUTRAL (no clear sentiment)
- Catalyst Identification: Next earnings date is 2026-01-12
- Market Narrative: No conflicting signals between technical and news indicators
Risk & Volatility Assessment
- Beta Interpretation: High beta at 1.54 suggests increased risk relative to the market
- Volatility Regime: Current volatility levels are high compared to historical averages
- Options Market Signals: IV rank is low (24.9%), indicating historically low volatility; put/call ratio is bullish (0.20)
- Downside Protection: SMA 50 at $3.18 and lower Bollinger Band at $2.51 provide support levels
Market Context & Positioning
- Sector Performance: Relative strength vs sector/market: NEUTRAL
- Institutional Activity: Volume patterns suggest institutional interest is moderate
- Correlation Analysis: Stock moves relatively strongly with the market (R-squared interpretation: 0.7)
- Relative Valuation: Position within trading range, above upper Bollinger Band
Key Levels & Action Items
- Critical Price Levels: SMA 20 at $3.36 and upper Bollinger Band at $4.22
- Breakout/Breakdown Levels: Lower Bollinger Band at $2.51 could trigger a significant breakdown
- Time-Sensitive Catalysts: Next earnings date is 2026-01-12
- Risk Management: Stop-loss levels should be set below SMA 50 and upper Bollinger Band; position sizing considerations include the high beta and low IV rank.
This comprehensive analysis report provides an in-depth evaluation of CMTL's technical, news, and risk indicators. While there are some bullish signals, such as the MACD crossover and recent price surge, the overbought RSI reading, high volatility, and low IV rank suggest caution is advised.
Generated
News
All CMTL news →
Earnings History
13 of 22 under expected move
Avg Expected Move
31.48%
Avg Actual Move
16.83%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2021-03-11 | After-Close | 13.36% | 3.70% | 0.28x | Within |
| 2021-06-08 | After-Close | 12.55% | 13.76% | 1.10x | Exceeded |
| 2021-10-04 | After-Close | 14.58% | 10.84% | 0.74x | Within |
| 2021-12-09 | After-Close | 10.00% | 2.29% | 0.23x | Within |
| 2022-03-10 | After-Close | 20.62% | 18.40% | 0.89x | Within |
| 2022-06-09 | After-Close | 11.36% | 21.35% | 1.88x | Exceeded |
| 2022-09-29 | After-Close | 17.29% | 1.21% | 0.07x | Within |
| 2022-12-08 | After-Close | 13.75% | 0.59% | 0.04x | Within |
| 2023-03-09 | After-Close | 11.01% | 13.08% | 1.19x | Exceeded |
| 2023-06-08 | After-Close | 16.34% | 17.14% | 1.05x | Exceeded |
| 2023-10-12 | After-Close | 16.22% | 27.40% | 1.69x | Exceeded |
| 2023-12-07 | After-Close | 15.60% | 29.68% | 1.90x | Exceeded |
| 2024-03-18 | After-Close | 29.35% | 25.43% | 0.87x | Within |
| 2024-06-18 | After-Close | 38.70% | 6.39% | 0.17x | Within |
| 2024-10-31 | After-Close | 39.65% | 21.77% | 0.55x | Within |
| 2025-01-13 | Pre-Market | 26.63% | 43.34% | 1.63x | Exceeded |
| 2025-03-12 | After-Close | 36.38% | 11.27% | 0.31x | Within |
| 2025-06-09 | After-Close | 28.54% | 18.11% | 0.63x | Within |
| 2025-12-11 | After-Close | 237.57% | 15.47% | 0.07x | Within |
| 2026-03-16 | After-Close | 21.65% | 24.54% | 1.13x | Exceeded |
| 2026-06-15 | Pre-Market | 27.43% | 42.96% | 1.57x | Exceeded |
| 2026-10-14 | Pre-Market | 33.96% | 1.54% | 0.05x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
CMTL Options Activity & IV Rank
Volatility Metrics
Current IV: —
7-DTE IV: —
Expected Move: $2.45
7-DTE Move: $2.45
Days to Exp: 25 (2026-11-20)
Options Flow
Call Volume: 3
Put Volume: 4
P/C Volume: 1.333
BEARISH
Call OI: 103
Put OI: 1
P/C OI: 0.01
Total OI: 104
ATM Options Pricing
ATM Call: $1.30
ATM Put: $1.15
Call %: 98.5%
Put %: 87.1%
Chain Summary
Chain Volume: 659
Chain OI: 2,034
Last Updated: 10/26/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
LOW γ vs HISTORY
Estimated net dealer gamma is at the 14th percentile of this name's own daily history, near the low end of its range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
14%
vs own history
GEX tilt
+0.41
OI-weighted, today
Vanna tilt
+0.27
δ-sensitivity to IV
Charm tilt
-0.48
δ-decay vs time
Charm tilt -0.48: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 4 ATM contracts, 3k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
as of Oct 26 · No data
30 DTE / 10d
—
—
pts
EXTREME
as of Oct 26 · ATM 285.6% / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)$2.45Oct 26
Beta Analysis
Risk Metrics
Beta: 1.8104
Alpha: -72.12%
Correlation: 0.2552
R-Squared: 6.5%
Stock Volatility: 90.4%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
High volatility - stock moves more than market
Beta & Alpha Over Time
Notable investors who own CMTL
4 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Renaissance Technologies Hedge fund Jim Simons | $698K | #2470 of 3138 | +41.1% | 13F | |
| Millennium Management Hedge fund Izzy Englander | $214K | #3463 of 3716 | -51.3% | 13F | |
| Citadel Hedge fund Ken Griffin | $109K | #5763 of 6285 | -81.0% | 13F | |
| Point72 Hedge fund Steve Cohen | $38K | #1888 of 1945 | -45.6% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
CMTL Institutional Ownership (13F)
Latest filings — 2026-09-30
? 13F Guide
Diluted shares outstanding: 29,845,000 (as of 2026-07-31)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
4 filers$314.16K notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $137.34K | 43.72% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $111.09K | 35.36% | 2026-06-30 |
| 3 | GROUP ONE TRADING LLC Custodian | $44.10K | 14.04% | 2026-06-30 |
| 4 | IMC-Chicago, LLC Custodian | $21.63K | 6.88% | 2026-06-30 |
6 filers$488.25K notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $169.47K | 34.71% | 2026-06-30 |
| 2 | GROUP ONE TRADING LLC Custodian | $144.06K | 29.51% | 2026-06-30 |
| 3 | IMC-Chicago, LLC Custodian | $81.90K | 16.77% | 2026-06-30 |
| 4 | Citadel Advisors LLC Custodian | $57.96K | 11.87% | 2026-06-30 |
| 5 | Jane Street Group, LLC Custodian | $28.35K | 5.81% | 2026-06-30 |
| 6 | Simplex Trading, LLC Custodian | $6.51K | 1.33% | 2026-06-30 |
CMTL Insider Trading (Form 4)
Latest: 2026-10-01Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-10-01 | Michael Bondi | Chief Financial Officer | Mixed | +8,691 | $1.37 | -$12.4K | EDGAR |
| 2026-10-01 | Daniel Gizinski | President, S&S Comm. Segment | Mixed | +4,882 | $1.37 | -$5.5K | EDGAR |
| 2026-10-01 | Jeffery Paul Robertson | President, Allerium Segment | Mixed | +2,409 | $1.37 | -$3.4K | EDGAR |
| 2026-10-01 | Donald E. Walther | Chief Legal Officer | Mixed | +10,500 | $1.37 | -$7.5K | EDGAR |
| 2026-08-12 | Daniel Gizinski | President, S&S Comm. Segment | Mixed | +1,076 | $1.73 | -$1.5K | EDGAR |
| 2026-08-12 | Donald E. Walther | Chief Legal Officer | Mixed | +3,873 | $1.73 | -$3.5K | EDGAR |
| 2026-08-12 | Michael Bondi | Chief Financial Officer | Mixed | +5,052 | $1.73 | -$9.1K | EDGAR |
| 2026-08-11 | Daniel Gizinski | President, S&S Comm. Segment | Mixed | +153 | $1.72 | -$218 | EDGAR |
| 2026-08-11 | Michael Bondi | Chief Financial Officer | Mixed | +585 | $1.72 | -$1.1K | EDGAR |
| 2026-08-03 | Daniel Gizinski | President, S&S Comm. Segment | Mixed | +1,412 | $1.68 | -$2.0K | EDGAR |
| 2026-06-23 | Daniel Gizinski | President, S&S Comm. Segment | Sell (S) | −200 | $2.60 | -$520 | EDGAR |
| 2026-06-05 | Jeffery Paul Robertson | President, Allerium Segment | Mixed | +19,112 | $5.64 | -$111.7K | EDGAR |
| 2026-04-29 | Donald E. Walther | Chief Legal Officer | Mixed | +20,196 | $3.52 | -$36.9K | EDGAR |
| 2026-03-26 | Michael Hildebrandt | Director | Award (A) | +36,620 | — | EDGAR | |
| 2026-03-26 | Mark R. Quinlan | Director | Grant (A) | +36,620 RSU | — | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
CMTL Insider Holdings
13 insiders · @ $1.32
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Mark R. Quinlan | Director | 347,639 | $458.9K | $888.6K | 11 | 2026-03-26 |
| 2 | Michael Bondi | Chief Financial Officer | 168,351 | $222.2K | -$16.9K | 103 | 2026-10-01 |
| 3 | Donald E. Walther | Chief Legal Officer | 77,015 | $101.7K | $9.0K | 17 | 2026-10-01 |
| 4 | Michael Hildebrandt | Director | 73,836 | $97.5K | $0 | 2 | 2026-03-26 |
| 5 | Jeffery Paul Robertson | President, Allerium Segment | 70,863 | $93.5K | $0 | 10 | 2026-10-01 |
| 6 | Kenneth Traub | Chairman, President and CEO | 58,440 | $77.1K | $0 | 4 | 2026-01-26 |
| 7 | Daniel Gizinski | President, S&S Comm. Segment | 38,563 | $50.9K | -$520 | 18 | 2026-10-01 |
| 8 | Mary Jane Raymond | Director | 36,620 | $48.3K | $0 | 1 | 2026-03-26 |
| 9 | Bruce T Crawford | Director | 36,620 | $48.3K | $0 | 4 | 2026-03-26 |
| 10 | Lloyd A. Sprung | Director | 36,620 | $48.3K | $0 | 1 | 2026-03-26 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
CMTL Board & Officers
As of SEC filings through Oct 9, 2026Directors 7
- Lawrence Waldman · since Aug 31, 2015
- Mark R. Quinlan · since Jan 3, 2022
- Kenneth Traub · since Oct 31, 2024
- Michael Hildebrandt · since Nov 18, 2024
- Lloyd A. Sprung · since Aug 18, 2025
- Mary Jane Raymond · since Dec 11, 2025
- Christopher D Maloney · since Oct 1, 2026
Officers 5
- Kenneth Traub · Chairman, President and CEO · listed since Jan 2025
- Daniel Gizinski · President, S&S Comm. Segment · listed since Feb 2025
- Jeffery Paul Robertson · President, Allerium Segment · listed since Nov 2025
- Michael Bondi · Chief Financial Officer · listed since Oct 2018
- Donald E. Walther · Chief Legal Officer · since Apr 3, 2023
Changes in the last 10 years (48)
| Oct 1, 2026 | Christopher D Maloney became a director |
| May 12, 2026 | The company announced the departure of Bruce T Crawford from the board in an SEC filing |
| Jan 23, 2026 | The company announced the departure of Wendi B. Carpenter from the board in an SEC filing |
| Dec 11, 2025 | Mary Jane Raymond became a director |
| Nov 12, 2025 | Jeffery Paul Robertson listed as President, Allerium Segment (previously President, T&W Segment) in SEC filings |
| Aug 18, 2025 | Lloyd A. Sprung became a director |
| Feb 28, 2025 | The company announced the departure of David B. Kagan from the board in an SEC filing |
| Feb 13, 2025 | David B. Kagan became a director |
| Feb 5, 2025 | Daniel Gizinski listed as President, S&S Comm. Segment (previously CSO & President of CSNTI) in SEC filings |
| Jan 27, 2025 | Kenneth Traub first listed as Chairman, President and CEO in an SEC filing |
| Jan 10, 2025 | The company announced the departure of John Ratigan from the board in an SEC filing |
| Jan 10, 2025 | The company announced the departure of John Ratigan as Interim CEO in an SEC filing |
| Nov 18, 2024 | Michael Hildebrandt became a director |
| Oct 31, 2024 | Kenneth Traub became a director |
| Oct 30, 2024 | John Ratigan first listed as a director in an SEC filing |
| Sep 6, 2024 | The company announced the departure of Maria Hedden as Chief Operating Officer in an SEC filing |
| Aug 16, 2024 | Doug Houston became President, Antennas & Systems |
| Aug 16, 2024 | Daniel Gizinski became CSO & President of CSNTI |
| Aug 5, 2024 | Nancy Stallone listed as Exec VP Treasurer & Asst Sec. (previously Treasurer and Secretary) in SEC filings |
| Jun 5, 2024 | John Ratigan listed as Interim CEO (previously Chief Corp Development Officer) in SEC filings |
| Mar 26, 2024 | Jeffery Paul Robertson became President, T&W Segment |
| Mar 11, 2024 | The company announced the departure of Ellen M. Lord from the board in an SEC filing |
| Nov 13, 2023 | John Ratigan became Chief Corp Development Officer |
| Aug 24, 2023 | The company announced the departure of Yelena Simonyuk as General Counsel in an SEC filing |
| Jun 15, 2023 | Ellen M. Lord became a director |
| Jun 15, 2023 | Bruce T Crawford became a director |
| Jun 5, 2023 | Yelena Simonyuk listed as General Counsel (previously Chief Legal Officer) in SEC filings |
| Jun 2, 2023 | The company announced the departure of Lisa /adv Lesavoy from the board in an SEC filing |
| Apr 3, 2023 | Donald E. Walther became Chief Legal Officer |
| Sep 28, 2022 | Yelena Simonyuk became Chief Legal Officer |
| Sep 13, 2022 | Ken Allen Peterman first listed as Chairman, President and CEO in an SEC filing |
| Aug 10, 2022 | Michael Porcelain reported in an SEC filing no longer being a director |
| Aug 10, 2022 | Michael Porcelain reported in an SEC filing no longer being President & CEO |
| Jul 25, 2022 | The company announced the departure of Fred Kornberg as Chairman & CEO in an SEC filing |
| Jul 22, 2022 | The company announced the departure of Fred Kornberg from the board in an SEC filing |
| May 5, 2022 | Ken Allen Peterman became a director |
| Mar 31, 2022 | Maria Hedden became Chief Operating Officer |
| Jan 5, 2022 | Michael Porcelain listed as President & CEO (previously President & COO) in SEC filings |
| Jan 5, 2022 | Michael Porcelain first listed as a director in an SEC filing |
| Jan 3, 2022 | Wendi B. Carpenter became a director |
| Jan 3, 2022 | Mark R. Quinlan became a director |
| Aug 3, 2021 | Nancy Stallone listed as Treasurer and Secretary (previously V.P. of Finance and Secretary) in SEC filings |
| Aug 1, 2021 | Judy Chambers became a director |
| May 29, 2020 | Michael Porcelain listed as President & COO (previously Sr. Vice President & COO) in SEC filings |
| May 29, 2020 | Fred Kornberg listed as Chairman & CEO (previously Chairman, CEO & President) in SEC filings |
| Mar 3, 2020 | Lisa /adv Lesavoy became a director |
| Oct 4, 2018 | Michael Porcelain listed as Sr. Vice President & COO (previously Sr. Vice President & CFO) in SEC filings |
| Oct 4, 2018 | Michael Bondi listed as Chief Financial Officer (previously V.P., Corporate Controller) in SEC filings |
Not reported recently (11)
- Doug Houston · Last reported as President, Antennas & Systems in an SEC filing dated Nov 7, 2024
- Yacov A Shamash · Last reported as a director in an SEC filing dated Oct 4, 2024
- Judy Chambers · Last reported as a director in an SEC filing dated Oct 2, 2024
- Nancy Stallone · Last reported as Exec VP Treasurer & Asst Sec. in an SEC filing dated Aug 14, 2024
- Ken Allen Peterman · Last reported as a director in an SEC filing dated Dec 14, 2023
- Edwin Kantor · Last reported as a director in an SEC filing dated Aug 6, 2020
- Ira Kaplan · Last reported as a director in an SEC filing dated Aug 6, 2020
- Robert G Paul · Last reported as a director in an SEC filing dated Aug 6, 2020
- Richard L Burt · Last reported as Sr. Vice President in an SEC filing dated Sep 30, 2019
- John Branscum · Last reported as Sr. Vice President in an SEC filing dated Sep 27, 2019
- Michael Galletti · Last reported as Chief Operating Officer in an SEC filing dated Aug 11, 2017
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
ETF Holders
8 ETFs hold CMTL
8 shown · $2.03M total exposure · 0.00% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.00% | $1.3M | — | 2026-09-30 |
| 2 | VXF Vanguard Extended Market ETF | Vanguard | 0.00% | $459,249 | — | 2026-09-30 |
| 3 | IWC iShares Micro-Cap ETF | iShares (BlackRock) | 0.01% | $103,011 | $1.2B | 2026-10-23 |
| 4 | QQQS Invesco NASDAQ Future Gen 200 ETF | Invesco | 0.42% | $84,692 | — | 2026-10-24 |
| 5 | UFO Procure Space ETF | Nport | 0.01% | $40,325 | — | 2026-07-31 |
| 6 | PRFZ Invesco RAFI US 1500 Small-Mid ETF | Nport | 0.00% | $34,519 | — | 2026-07-31 |
| 7 | DFSU Dimensional US Sustainability Core 1 ETF | Dimensional | 0.00% | $17,484 | $2.4B | 2026-10-23 |
| 8 | DCOR Dimensional US Core Equity 1 ETF | Dimensional | 0.00% | $9,796 | — | 2026-10-23 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
—
TTM Diluted EPS
$-1.82
TTM Revenue
$323.80M
TTM Net Income
$-54.20M
TTM Op. Cash Flow
$37.41M
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q4 '26 | 2026-07-31 | — | — | — | $18.36M |
| Q3 '26 | 2026-04-30 | $106.00M | $-14.26M | $-0.47 | $6.11M |
| Q2 '26 | 2026-01-31 | $106.76M | $-20.16M | $-0.68 | $4.87M |
| Q1 '26 | 2025-10-31 | $111.03M | $-19.78M | $-0.67 | $8.08M |
| Q4 '25 | 2025-07-31 | $130.37M | $-11.56M | $-0.39 | $11.45M |
| Q3 '25 | 2025-04-30 | $126.79M | $-14.47M | $-0.49 | $2.30M |
| Q2 '25 | 2025-01-31 | $126.57M | $-22.36M | $-0.76 | $-234.00K |
| Q1 '25 | 2024-10-31 | $115.80M | $-155.86M | $-5.29 | $-21.81M |
| Q4 '24 | 2024-07-31 | $126.19M | $-100.61M | $-3.49 | $-9.50M |
| Q3 '24 | 2024-04-30 | $128.08M | $-1.04M | $-0.04 | $-3.79M |
| Q2 '24 | 2024-01-31 | $134.22M | $-30.53M | $-1.07 | $-26.66M |
| Q1 '24 | 2023-10-31 | $151.91M | $-3.26M | $-0.11 | $-14.54M |
Q4 2026 • period ending 2026-07-31 • filed 2026-10-14
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
—
P/B
1.01
P/S
0.12
EV/EBITDA
5.09
EV/Sales
0.27
ROE
-139.3%
ROA
-7.8%
Div Yield
0.09%
FCF Yield
94.96%
Debt/Equity
2.17
Current Ratio
—
Market Cap
$39.40M
as of 2026-10-26
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
333.83K
SI % of Float
1.18%
Days to Cover
1.64
Short Vol Ratio
80.4%
Free Float
28.22M
Float %
94.2%
Short interest 2026-09-30 • Short volume 2026-10-26 • Float 2026-08-07