Comtech Systems Scores Contract and 1 Stock Dipping to 52-Week Lows
Comtech Telecommunications (NASDAQ:CMTL): Comtech Telecommunications announced that its subsidiary Comtech Systems has received a $1.4 million contract from the Swedish Defense Materiel Administration, which will help both its highly mobile modular transportable transmission system transit case terminals and transportable communications trailer mounted troposcatter systems. The MTTS terminals represent a breakthrough in the new generation of high-capacity, digital troposcatter systems for highly mobile users. Shares closed at $24.58, up $0.02, or 0.08 percent, on the day. They have traded in a 52-week range of $24.40 to $35.65.
Caesar’s Entertainment (NYSE:CZR): Caesar’s Entertainment announced that Donald Colvin will join the company as Executive Vice President and Chief Financial Officer, subject to required regulatory approvals. Colvin served as Executive Vice President and Chief Financial Officer of ON Semiconductor (NASDAQ:ONNN) from April 2003 to October 2012. Before joining ON Semiconductor, he held a number of financial leadership positions in his career. Shares closed at $4.93, up $0.39 or, 8.59 percent, on the day. They have traded in a 52-week range of $6.38 to $17.90.
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