CommScope (COMM) Stock Forecast, Price & News

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CommScope in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" COMM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in COMM, but not buy additional shares or sell existing shares.
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9 analysts have issued 1 year target prices for CommScope's shares. Their COMM share price forecasts range from $5.50 to $15.00. On average, they anticipate the company's stock price to reach $9.17 in the next twelve months. This suggests a possible upside of 117.7% from the stock's current price.
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CommScope's stock was trading at $7.35 at the beginning of the year. Since then, COMM stock has decreased by 42.7% and is now trading at $4.21.
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CommScope saw a increase in short interest in May. As of May 15th, there was short interest totaling 15,670,000 shares, an increase of 8.5% from the April 30th total of 14,440,000 shares. Based on an average daily trading volume, of 3,150,000 shares, the short-interest ratio is presently 5.0 days. Currently, 7.7% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our COMM earnings forecast.

CommScope Holding Company, Inc. (NASDAQ:COMM) posted its quarterly earnings data on Thursday, February, 23rd. The communications equipment provider reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.07. The communications equipment provider earned $2.32 billion during the quarter, compared to analyst estimates of $2.34 billion. CommScope had a negative net margin of 12.87% and a negative trailing twelve-month return on equity of 38.03%. The company's revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the firm posted $0.23 earnings per share.

ETFs with the largest weight of CommScope (NASDAQ:COMM) stock in their portfolio include iShares North American Tech-Multimedia Networking ETF (IGN), SPDR S&P Telecom ETF (XTL), Invesco Dynamic Networking ETF (PXQ), First Trust Dow Jones Internet Index Fund (FDN), Invesco Nasdaq Future Gen 200 ETF (QQQS), Defiance Next Gen Connectivity ETF (FIVG), Daily Dow Jones Internet Bull 3X Shares (WEBL) and First Trust Small Cap Growth AlphaDEX Fund (FYC).

Based on aggregate information from My MarketBeat watchlists, some companies that other CommScope investors own include Endologix (ELGX), Chipotle Mexican Grill (CMG), Broadcom (AVGO), Archer-Daniels-Midland (ADM), AT&T (T), Wells Fargo & Company (WFC), American Airlines Group (AAL), Charles Schwab (SCHW) and Occidental Petroleum (OXY).

CommScope trades on the NASDAQ under the ticker symbol "COMM."

CommScope's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (7.36%), Bank of America Corp DE (3.92%), JPMorgan Chase & Co. (2.61%), Boston Partners (2.47%), State Street Corp (2.25%) and First Trust Advisors LP (1.93%). Insiders that own company stock include Charles L Treadway, Claudius E Iv Watts, Derrick A Roman, Farid Firouzbakht, Frank M Drendel, Justin C Choi, Kyle David Lorentzen and Timothy T Yates.
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Shares of COMM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of COMM stock can currently be purchased for approximately $4.21.

CommScope (NASDAQ:COMM) has a market capitalization of $883.22 million and generates $9.23 billion in revenue each year. The communications equipment provider earns $-1,286,900,000.00 in net income (profit) each year or ($5.77) on an earnings per share basis.

The company employs 30,000 workers across the globe.

CommScope's mailing address is 1100 COMMSCOPE PLACE SE, HICKORY NC, 28602. The official website for the company is www.commscope.com. The communications equipment provider can be reached via phone at (828) 324-2200 or via email at jennifer.crawford@commscope.com.