Shares of CommScope Holding Company, Inc. (NASDAQ:COMM - Get Free Report) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $6.64 and traded as high as $7.77. CommScope shares last traded at $7.72, with a volume of 4,635,161 shares.
Wall Street Analysts Forecast Growth
COMM has been the subject of a number of research analyst reports. Wolfe Research assumed coverage on shares of CommScope in a research report on Monday, July 7th. They set a "peer perform" rating for the company. Deutsche Bank Aktiengesellschaft increased their target price on CommScope from $6.00 to $7.50 and gave the stock a "hold" rating in a report on Tuesday, June 24th. Finally, Wall Street Zen cut CommScope from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, May 13th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $4.88.
Read Our Latest Analysis on COMM
CommScope Stock Performance
The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 2.83, a PEG ratio of 0.30 and a beta of 2.38. The business has a 50-day moving average of $6.64 and a 200-day moving average of $5.48.
CommScope (NASDAQ:COMM - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.07. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. CommScope had a negative return on equity of 4.51% and a net margin of 16.89%. The company's quarterly revenue was up 23.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.08) EPS. On average, research analysts predict that CommScope Holding Company, Inc. will post -0.24 earnings per share for the current fiscal year.
Institutional Trading of CommScope
Several hedge funds and other institutional investors have recently modified their holdings of the business. Aster Capital Management DIFC Ltd acquired a new position in CommScope in the 4th quarter valued at $27,000. Sterling Capital Management LLC lifted its holdings in shares of CommScope by 826.0% in the 4th quarter. Sterling Capital Management LLC now owns 6,760 shares of the communications equipment provider's stock worth $35,000 after purchasing an additional 6,030 shares during the last quarter. Banque Transatlantique SA acquired a new position in shares of CommScope in the 1st quarter worth $34,000. Tower Research Capital LLC TRC increased its stake in shares of CommScope by 67.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,986 shares of the communications equipment provider's stock worth $52,000 after purchasing an additional 4,026 shares during the period. Finally, Caliber Wealth Management LLC KS acquired a new position in shares of CommScope in the 1st quarter worth approximately $57,000. Institutional investors own 88.04% of the company's stock.
CommScope Company Profile
(
Get Free Report)
CommScope Holding Company, Inc provides infrastructure solutions for communications, data center, and entertainment networks worldwide. The company operates through Connectivity and Cable Solutions (CCS); Outdoor Wireless Networks (OWN); Networking, Intelligent Cellular and Security Solutions (NICS), and Access Network Solutions (ANS) segments.
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