NASDAQ:COMM - Commscope Stock Price, Price Target & More

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

Commscope declared that its Board of Directors has approved a share buyback program on Thursday, August 3rd 2017, which authorizes the company to repurchase $100,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its shares are undervalued.

Commscope Holding Company Inc (NASDAQ:COMM) issued its quarterly earnings data on Tuesday, May, 1st. The communications equipment provider reported $0.49 EPS for the quarter, topping the consensus estimate of $0.46 by $0.03. The communications equipment provider earned $1.12 billion during the quarter, compared to analyst estimates of $1.11 billion. Commscope had a return on equity of 24.08% and a net margin of 4.27%. The business's revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.52 earnings per share. View Commscope's Earnings History.

Commscope is scheduled to release their next quarterly earnings announcement on Wednesday, August, 1st 2018. View Earnings Estimates for Commscope.

Commscope updated its FY18 earnings guidance on Tuesday, June, 12th. The company provided earnings per share guidance of $2.33-2.48 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.39. The company issued revenue guidance of $4.675-4.825 billion, compared to the consensus revenue estimate of $4.76 billion.Commscope also updated its Q2 guidance to $0.63-0.68 EPS.

12 analysts have issued 1-year price objectives for Commscope's stock. Their forecasts range from $31.00 to $48.00. On average, they anticipate Commscope's share price to reach $36.60 in the next twelve months. This suggests a possible upside of 21.4% from the stock's current price. View Analyst Ratings for Commscope.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Commscope in the last year. There are currently 6 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

Commscope saw a increase in short interest in the month of June. As of June 15th, there was short interest totalling 10,724,316 shares, an increase of 22.0% from the May 31st total of 8,788,648 shares. Based on an average daily volume of 1,253,873 shares, the days-to-cover ratio is currently 8.6 days. Approximately 5.7% of the shares of the stock are sold short. View Commscope's Current Options Chain.

Some companies that are related to Commscope include Motorola Solutions (MSI), L3 Technologies (LLL), Ubiquiti Networks (UBNT), ARRIS International (ARRS), Echostar (SATS), ViaSat (VSAT), Maxar Technologies (MAXR), Mitel Networks (MITL), Casa Systems (CASA), Loral Space & Communications Ltd. (LORL), CalAmp (CAMP), Comtech Telecomm. (CMTL), Sierra Wireless (SWIR), Gilat Satellite Networks (GILT) and Harmonic (HLIT).

Media coverage about COMM stock has trended somewhat positive on Sunday, Accern Sentiment reports. The research firm scores the sentiment of press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Commscope earned a daily sentiment score of 0.01 on Accern's scale. They also gave news stories about the communications equipment provider an impact score of 45.92 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near future.

Commscope's stock is owned by a number of of retail and institutional investors. Top institutional investors include Leith Wheeler Investment Counsel Ltd. (0.05%), Fjarde AP Fonden Fourth Swedish National Pension Fund (0.04%), Amalgamated Bank (0.02%), NN Investment Partners Holdings N.V. (0.02%), State of Alaska Department of Revenue (0.01%) and DnB Asset Management AS (0.01%). Company insiders that own Commscope stock include Alexander W Pease, Claudius E Iv Watts, Frank B Wyatt II, Frank M Drendel, Group LP Carlyle, 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 Bank of Montreal Can and Amalgamated Bank. 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 bought by a variety of institutional investors in the last quarter, including NN Investment Partners Holdings N.V., Leith Wheeler Investment Counsel Ltd., Hartford Investment Management Co., Fjarde AP Fonden Fourth Swedish National Pension Fund, State of Alaska Department of Revenue and DnB Asset Management AS. 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 $30.16.

Commscope has a market capitalization of $5.79 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.

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]