B. Riley analyst Mike Crawford initiated coverage of Comtech with a Buy rating and $18.25 price target. The analyst believes Chairman, President, and CEO Ken Peterman “has rejuvenated Comtech.” The company’s new software-defined network architecture is driving renewed sales growth that will be complemented by data-enabled insights and, in turn, margin expansion as Comtech progresses through its transformation, the analyst tells investors in a research note.
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