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Comtech Telecommunications Corp. (CMTL) Is Climbing After Guidance Increase

Comtech Telecommunications Corp. (CMTL) reported second quarter GAAP EPS of $0.66 after the bell Wednesday, up from $0.28 in the prior year. The company also increased its full year 2018 revenue and earnings guidance.

Comtech Telecommunications gapped open sharply higher Thursday and has continued to rise in early trade. Shares are now up 4.47 at $28.70. The stock has surged to a new high for the year.

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