CommScope (COMM) Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CommScope in the last year. There are currently 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities 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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7 Wall Street research analysts have issued 1-year target prices for CommScope's stock. Their COMM share price forecasts range from $4.50 to $15.00. On average, they predict the company's stock price to reach $7.44 in the next twelve months. This suggests a possible upside of 141.7% from the stock's current price.
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CommScope's stock was trading at $7.35 on January 1st, 2023. Since then, COMM shares have decreased by 58.1% and is now trading at $3.08.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our COMM earnings forecast.

CommScope Holding Company, Inc. (NASDAQ:COMM) announced its quarterly earnings results on Thursday, August, 3rd. The communications equipment provider reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.34 by $0.20. The communications equipment provider had revenue of $1.92 billion for the quarter, compared to analysts' expectations of $2.04 billion. CommScope had a negative trailing twelve-month return on equity of 25.74% and a negative net margin of 13.90%.

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 Next Gen Connectivity ETF (PXQ), First Trust Dow Jones Internet Index Fund (FDN) and Daily Dow Jones Internet Bull 3X Shares (WEBL).AdvisorShares Dorsey Wright Short ETF (DWSH).

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 a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.78%), Boston Partners (2.35%), State Street Corp (2.34%), Geode Capital Management LLC (1.98%), Charles Schwab Investment Management Inc. (1.72%) and Marshall Wace LLP (1.05%). 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 $3.08.

CommScope (NASDAQ:COMM) has a market capitalization of $652.71 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 ($5.96) 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.