NASDAQ:COMM - Commscope Stock Price, News, & Analysis

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

Commscope announced that its board has approved a stock repurchase program on Thursday, August 3rd 2017, which authorizes the company to repurchase $100,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board of directors believes its stock is undervalued.

Commscope Holding Company Inc (NASDAQ:COMM) announced its quarterly earnings data on Thursday, November, 8th. The communications equipment provider reported $0.59 EPS for the quarter, missing analysts' consensus estimates of $0.66 by $0.07. The communications equipment provider had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.22 billion. Commscope had a net margin of 4.69% and a return on equity of 23.68%. The business's revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.55 earnings per share. View Commscope's Earnings History.

Commscope is scheduled to release their next quarterly earnings announcement on Thursday, February 21st 2019. View Earnings Estimates for Commscope.

Commscope updated its fourth quarter earnings guidance on Thursday, November, 8th. The company provided EPS guidance of $0.34-0.39 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.59. The company issued revenue guidance of $1.015-1.065 billion, compared to the consensus revenue estimate of $1.17 billion.Commscope also updated its FY 2018 guidance to $2.09-2.14 EPS.

14 brokers have issued 1-year price objectives for Commscope's shares. Their predictions range from $18.20 to $43.00. On average, they anticipate Commscope's share price to reach $30.8364 in the next twelve months. This suggests a possible upside of 75.3% from the stock's current price. View Analyst Price Targets for Commscope.

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Commscope in the last year. There are currently 8 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Commscope.

News stories about COMM stock have trended extremely positive on Wednesday, InfoTrie reports. The research firm identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Commscope earned a media sentiment score of 5.0 on InfoTrie's scale. They also assigned news articles about the communications equipment provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the near future.

Commscope saw a decrease in short interest during the month of November. As of November 15th, there was short interest totalling 5,244,626 shares, a decrease of 34.3% from the October 31st total of 7,982,544 shares. Based on an average daily trading volume, of 6,171,728 shares, the days-to-cover ratio is presently 0.8 days. Currently, 2.8% of the shares of the stock are sold short. View Commscope's Current Options Chain.

Some companies that are related to Commscope include Ubiquiti Networks (UBNT), ARRIS International (ARRS), ViaSat (VSAT), Echostar (SATS), Mitel Networks (MITL), Casa Systems (CASA), Loral Space & Communications Ltd. (LORL), Maxar Technologies (MAXR), Comtech Telecomm. (CMTL), CalAmp (CAMP), Sierra Wireless (SWIR), Gilat Satellite Networks (GILT), Harmonic (HLIT), Ceragon Networks (CRNT) and KVH Industries (KVHI).

Commscope's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.93%), Franklin Resources Inc. (8.33%), JPMorgan Chase & Co. (5.54%), BlackRock Inc. (5.51%), Capital Research Global Investors (5.11%) and Capital International Investors (4.88%). Company insiders that own Commscope stock include Alexander W Pease, Claudius E Iv Watts, Frank B Wyatt II, Frank M Drendel, Joanne M Maguire, Mark A Olson, Marvin S Edwards Jr, Marvin S Edwards, Jr, Morgan C S Kurk, Peter U Karlsson, Philip Martin Armstrong Jr, Randall W Crenshaw, Robert W Granow, Robyn T Mingle, Stephen C Gray and Timothy T Yates. View Institutional Ownership Trends for Commscope.

COMM stock was sold by a variety of institutional investors in the last quarter, including Capital Research Global Investors, Mitsubishi UFJ Trust & Banking Corp, Teachers Advisors LLC, Lombard Odier Asset Management USA Corp, FMR LLC, Crestline Management LP, First Republic Investment Management Inc. and Seven Eight Capital LP. Company insiders that have sold Commscope company stock in the last year include Frank M Drendel, Marvin S Edwards Jr, Marvin S Edwards, Jr, Philip Martin Armstrong Jr and Stephen C Gray. View Insider Buying and Selling for Commscope.

COMM stock was acquired by a variety of institutional investors in the last quarter, including Capital International Investors, Franklin Resources Inc., Sound Shore Management Inc. CT, Prudential Financial Inc., Morgan Stanley, Lyrical Asset Management LP, Tobam and Renaissance Technologies LLC. Company insiders that have bought Commscope stock in the last two years include Alexander W Pease, Claudius E Iv Watts, Frank B Wyatt II, Joanne M Maguire, Morgan C S Kurk, Robert W Granow, Robyn T Mingle and Timothy T Yates. View Insider Buying and Selling for Commscope.

Shares of COMM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of COMM stock can currently be purchased for approximately $17.59.

Commscope has a market capitalization of $3.25 billion and generates $4.56 billion in revenue each year. The communications equipment provider earns $193.76 million in net income (profit) each year or $2.02 on an earnings per share basis. Commscope employs 20,000 workers across the globe.

The official website for Commscope is http://www.commscope.com.

Commscope's mailing address is 1100 COMMSCOPE PLACE SE, HICKORY NC, 28602. The communications equipment provider can be reached via phone at 82-8-3242-200x or via email at [email protected]