Comtech (CMTL) redefines its leadership and boosts its long-term growth strategy


Comtech Telecommunications Corp. CMTL recently underwent a leadership overhaul. The company announced the appointment of Michael Porcelain as CEO and member of the board of directors. His role on the board of directors comes into effect on January 3, 2022.

The company has also selected Wendi Carpenter and Mark Quinlan as independent directors of the board, effective January 3, 2022. This appointment marks the completion of the long-term succession planning strategy of the CEO of Comtech .

Michael Porcelain has been COO and President of Comtech since October 2018 and January 2020, respectively. Prior to Comtech, he had extensive experience working in various organizations such as the Director of the Transaction Advisory Services group at PricewaterhouseCoopers and the Director of Corporate Profit and Business Planning for Symbol Technologies.

Wendi Carpenter was the commander of Navy Warfare Development Command, where she focused on technological development for improved combat communications. She also completed an illustrious 34-year career in the United States Navy and is currently an Independent Director and Chairman of the Compensation Committee of a US $ 1.2 billion semiconductor manufacturing entity, SkyWater Technology. .

Meanwhile, Mark Quinlan had been part of Stifel – an investment banking firm – through its merger with Thomas Weisel Partners in 2010. He had also worked at Merrill Lynch and Brown Brothers Harriman & Co. as an advisor to various corporate strategic and financial decisions. He is also the co-founder of White Hat Capital Partners LP which creates lasting value in technology companies.

Lately, Comtech has been on a roll with accretive contracts from various government organizations for the improvement of satellite communications. With the inclusion of these distinguished individuals in Comtech, the company has the potential to streamline day-to-day operations, facilitate the creation of shareholder value and generate a new level of performance within the organization.

Comtech has created a niche market for highly secure wireless solutions to defend global security and improve public safety. The company continues to provide market-leading products for messaging, tracking and deployable wireless communications. It offers services to integrate networks, servers, gateways and intelligent devices and provides transmission responses to users.

Comtech currently has a Zacks Rank # 4 (Sell). Its shares returned 16.5% compared to the industry’s growth of 21.8% last year.

Image source: Zacks Investment Research

You can see The full list of Zacks # 1 Rank (Strong Buy) stocks today here.

Vocera Communications, Inc. VCRA is a solid choice in the industry at large, sporting a # 1 rank from Zacks. Zacks’ consensus estimate for current year earnings has been revised up 6.2% in the past 60 days.

Vocera delivered a surprise earnings of 109.6% on average over the past four quarters. The stock has climbed 52.1% in the past year. VCRA predicts long-term earnings growth of 18%.

Clearfield, Inc. The CLFD also sports a Zacks Rank # 1. Zacks’ consensus estimate for current year earnings has been revised up 8.8% in the past 60 days.

Clearfield posted a surprise profit averaging 50.8% over the past four quarters. CLFD has catapulted 230.4% in the past year.

SeaChange International, Inc. SEAC currently carries a Zacks Rank # 2 (Buy). The consensus estimate for the current year has gone from a loss of 20 cents per share to a loss of 18 cents in the past 60 days.

SeaChange International posted a surprise profit of 37.2% on average over the last four quarters. The stock has gained 29.9% in the past year. SEAC expects long-term earnings growth of 10%.

Zacks’ top picks for leveraging artificial intelligence

This world-changing technology is expected to generate $ 100 billion by 2025. From self-driving cars to analyzing consumer data, people are relying on machines more than ever. Now is the time to capitalize on the 4th industrial revolution. Zacks’ Urgent Special Report Reveals 6 AI Picks Investors Need To Know Today.

See 6 artificial intelligence stocks with extreme upside potential >>

Click to get this free report

Comtech Telecommunications Corp. (CMTL): free shares analysis report

SeaChange International, Inc. (SEAC): Free Inventory Analysis Report

Vocera Communications, Inc. (VCRA): Free Stock Analysis Report

Clearfield, Inc. (CLFD): Free Stock Analysis Report

To read this article on, click here.

Zacks investment research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


Comments are closed.