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Comtech Telecommunications Corp.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Comtech issued its quarterly earnings report on March 18, 2024, just days after dismissing its CEO over ethics violation allegations. The Company missed its revenue targets and expressed uncertainty about ongoing debt negotiations. Analysts noted the Company’s use of “unbilled receivables” and their impact on its financial statements. Based on this news, shares of Comtech fell by 37%.
Press Release
INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Comtech Telecommunications Corp. and Encourages Investors to Contact the Firm
Los Angeles, April 30, 2024 — The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Comtech Telecommunications Corp. (“Comtech” or “the Company”) (NASDAQ: CMTL) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Comtech issued its quarterly earnings report on March 18, 2024, just days after dismissing its CEO over ethics violation allegations. The Company missed its revenue targets and expressed uncertainty about ongoing debt negotiations. Analysts noted the Company’s use of “unbilled receivables” and their impact on its financial statements. Based on this news, shares of Comtech fell by 37%.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at bschall@schallfirm.com.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
info@schallfirm.com
www.schallfirm.com