NEW YORK, NY / ACCESSWIRE / August 10, 2022 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Comtech Telecommunications Corp. (CMTL) ("Comtech" or the "Company") (NASDAQ:CMTL). Investors who purchased Comtech securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/cmtl.
The investigation concerns whether Comtech has violated federal securities laws.
On June 8, 2021, Comtech reported its operating results for the third fiscal quarter ended April 30, 2021 and updated its financial targets for fiscal 2021. Among other items, Comtech reported that it expected fiscal 2021 consolidated net sales to be in the range of $580 million to $590 million and explained that the "updated target primarily reflects a change in anticipated revenues in its Governmental Solutions segment due to the U.S. government's April 2021 announcement to fully withdraw troops from Afghanistan as well as other program changes." On this news, Comtech's stock price fell $3.53 per share, or 13.76%, to close at $22.13 per share on June 9, 2021.
If you are aware of any facts relating to this investigation or purchased Comtech shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/cmtl. You can also contact Peretz Bronstein or his Law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits. The firm has recovered hundreds of millions of dollars for investors nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 | [email protected]
SOURCE: Bronstein, Gewirtz & Grossman, LLC