Comtech Telecommunications Corp. (NASDAQ: CMTL) revealed that it signed an additional multi-year contract valued at about $8.4 million with a major telecom equipment manufacturer.
According to the company, the telecom equipment maker would support the continued rolling out of its advanced communication solutions to a number of wireless operators throughout the world. That included a big-scale North American-based wireless operator.
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27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
The latest announcement comes on the heels of a disclosure last month that it secured a similar contract worth more than $12.0 million with the same big telecom equipment manufacturer. Its President and CEO, Stanton Sloane, commented, "We are pleased that our customer has signed an additional multi-year contract and believe this demonstrates their confidence in our wireless service expertise."
The stock traded 0.22 percent down on Thursday.