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Investigation announced for Investors who purchased shares of Comtech Telecommunications Corp. (NASDAQ: CMTL) over possible Violations of Securities Laws

04-10-2024 06:28 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation for investors in Comtech Telecommunications Corp. (NASDAQ: CMTL) shares over potential securities laws violations

An investigation for investors in Comtech Telecommunications Corp. (NASDAQ: CMTL) shares over potential securities laws violations

Comtech Telecommunications Corp is under investigation over potential securities laws violations in connection with certain financial statements.

Investors who purchased shares of Comtech Telecommunications Corp. (NASDAQ: CMTL), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether a series of statements by Comtech Telecommunications Corp. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Melville, NY based Comtech Telecommunications Corp., together with its subsidiaries, engages in the provision of next-gen telecommunication solutions in the United States and internationally.

On March 13, 2024, Comtech Telecommunications Corp. announced Chief Executive Officer, Ken Peterman, was terminated and would cease to serve on the Board.

Then on March 18, 2024, Comtech announced its second quarter 2024 financial results. Comtech reported a second quarter loss of $0.15 per share versus the consensus Wall Street estimate of a $0.22 profit.

Shares of Comtech Telecommunications Corp. (NASDAQ: CMTL) declined from $13.04 per share in November 2023, to as low as $2.59 per share on April 08, 2024.

Those who purchased shares of Comtech Telecommunications Corp. (NASDAQ: CMTL) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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