NASDAQ:COMMCommscope Stock Price, Forecast & News

$10.36

+0.04 (+0.39 %)

(As of 06/2/2020 04:00 PM ET)

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Today's Range

$10.25

Now: $10.36▼

$10.58

50-Day Range

$8.78

MA: $10.06▼

$11.60

52-Week Range

$5.50

Now: $10.36▼

$17.46

Volume3.12 million shs

Average Volume4.28 million shs

Market Capitalization$2.03 billion

P/E RatioN/A

Dividend YieldN/A

Beta1.57

CommScope Holding Company, Inc. provides infrastructure solutions for communications networks worldwide. The company's CommScope Connectivity Solutions segment offers optical fiber and twisted pair structured cable solutions, intelligent infrastructure software, and network rack and cabinet enclosures under the SYSTIMAX, NETCONNECT, and Uniprise brands; and fiber management systems, patch cords and panels, pre-terminated fiber connectivity, complete cabling systems, and cable assemblies for use in offices and data centers. This segment also provides fiber optic connectivity solutions, including hardened connector systems, fiber distribution hubs and management systems, couplers and splitters, plug and play multiport service terminals, hardened optical terminating enclosures, high density cable assemblies, splices, and splice closures that supports video, voice, and high-speed data services provided by telecommunications operators and multi-system operators. Its CommScope Mobility Solutions segment offers macro cell site solutions for wireless tower sites and on rooftops, such as base station antennas, microwave antennas, hybrid fiber-feeder and power cables, coaxial cables, connectors, and filters; metro cell solutions for street poles and other urban structures comprising radio frequency delivery and connectivity solutions, equipment housing, and concealment; and small cell and distributed antenna system (DAS) solutions consisting of DAS and distributed cell solutions that allow wireless operators to enhance efficiency, and cellular coverage and capacity in network conditions. This segment provides its solutions under the Andrew brand. CommScope Holding Company, Inc. sells its products through a network of distributors, system integrators, and resellers. The company was formerly known as Cedar I Holding Company, Inc. CommScope Holding Company, Inc. was founded in 1976 and is headquartered in Hickory, North Carolina.

Beat the Market (BTM) Rank^™

4.3 Analyst's Opinion

Consensus Rating
Commscope has received a consensus rating of Buy. The company's average rating score is 2.53, and is based on 8 buy ratings, 7 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $15.36, Commscope has a potential upside of 48.2% from its current price of $10.36.
Amount of Analyst Coverage
Commscope has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.8 Community Rank

Outperform Votes
Commscope has received 522 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Commscope has received 421 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Commscope has received 55.36% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Commscope and other stocks. Vote “Outperform” if you believe COMM will outperform the S&P 500 over the long term. Vote “Underperform” if you believe COMM will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Commscope does not currently pay a dividend.
Dividend Growth
Commscope does not have a long track record of dividend growth.

3.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Commscope insiders have bought more of their company's stock than they have sold. Specifically, they have bought $272,750.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 3.30% of the stock of Commscope is held by insiders.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Commscope are expected to grow by 57.39% in the coming year, from $1.15 to $1.81 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Commscope is -1.76, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Commscope is -1.76, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
Commscope has a PEG Ratio of 3.31. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Commscope has a P/B Ratio of 2.40. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.39 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Radio & t.v. communications equipment

Sub-IndustryN/A

SectorComputer and Technology

Current SymbolNASDAQ:COMM

Previous Symbol

CUSIPN/A

CIK1517228

Webwww.commscope.com

Phone82-8-3242-200x

Debt

Debt-to-Equity Ratio16.91

Current Ratio1.70

Quick Ratio1.21

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E Ratio9.01

P/E Growth3.31

Sales & Book Value

Annual Sales$8.35 billion

Price / Sales0.24

Cash Flow$6.13 per share

Price / Cash Flow1.69

Book Value$4.31 per share

Price / Book2.40

Profitability

EPS (Most Recent Fiscal Year)$1.79

Net Income$-929,500,000.00

Net Margins-11.72%

Return on Equity32.68%

Return on Assets2.22%

Miscellaneous

Employees30,000

Outstanding Shares195,875,000

Market Cap$2.03 billion

Next Earnings Date8/13/2020 (Estimated)

OptionableOptionable

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Commscope (NASDAQ:COMM) Frequently Asked Questions

How has Commscope's stock been impacted by COVID-19 (Coronavirus)?

Commscope's stock was trading at $7.63 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, COMM shares have increased by 35.8% and is now trading at $10.36. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Commscope?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Commscope in the last year. There are currently 7 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Commscope.

When is Commscope's next earnings date?

Commscope is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020. View our earnings forecast for Commscope.

How were Commscope's earnings last quarter?

Commscope Holding Company Inc (NASDAQ:COMM) announced its quarterly earnings results on Thursday, May, 7th. The communications equipment provider reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.06. The communications equipment provider had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.97 billion. Commscope had a negative net margin of 11.72% and a positive return on equity of 32.68%. The company's revenue for the quarter was up 84.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.48 earnings per share. View Commscope's earnings history.

What price target have analysts set for COMM?

15 equities research analysts have issued twelve-month price targets for Commscope's shares. Their forecasts range from $10.00 to $22.50. On average, they expect Commscope's stock price to reach $15.36 in the next year. This suggests a possible upside of 48.2% from the stock's current price. View analysts' price targets for Commscope.

What are Wall Street analysts saying about Commscope stock?

Here are some recent quotes from research analysts about Commscope stock:

1. According to Zacks Investment Research, "CommScope reported decent fourth-quarter 2019 results, with the bottom line and the top line surpassing the Zacks Consensus Estimate. It is optimizing its excellent customer relationships and market position as telecom service providers continue to build their networks. The company is actively developing solutions to support the wireline and wireless network convergence for 5G deployment. The acquisition of ARRIS has allowed CommScope to benefit from the rapidly changing network and technology architectures with a unique set of complementary assets and capabilities. However, escalating operating expenses are likely to prove detrimental to margins and profitability. Lower return of capital remains another concern for the company. Lower sales volume to cable operators and carriers continue to take a toll on CommScope’s growth trajectory." (2/24/2020)
2. Northland Securities analysts commented, "We believe that weakness was well known and fully priced into the shares heading in, and while our FY20 numbers come down, we continue to find the shares compellingly valued in front of multi year 5G, optical transport/backhaul and Remote PHY upgrades likely to gain steam in CY20." (8/9/2019)
3. Rosenblatt Securities analysts commented, "We reduce our 12-month price target to $16 and maintain a buy rating. We believe COMM stock can see appreciation with strong execution, but the acquired dilution from Arris now appears a sizable anchor for the company." (8/9/2019)

Has Commscope been receiving favorable news coverage?

Headlines about COMM stock have trended very negative on Tuesday, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Commscope earned a news sentiment score of -3.5 on InfoTrie's scale. They also gave news headlines about the communications equipment provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news aboutCommscope.

Who are some of Commscope's key competitors?

Some companies that are related to Commscope include Echostar (SATS), ViaSat (VSAT), Maxar Technologies (MAXR), Harmonic (HLIT), Gilat Satellite Networks (GILT), Comtech Telecomm. (CMTL), Loral Space & Communications Ltd. (LORL), Casa Systems (CASA), Sierra Wireless (SWIR), CalAmp (CAMP), Ceragon Networks (CRNT), KVH Industries (KVHI), PC Tel (PCTI), Cambium Networks (CMBM) and Airgain (AIRG). View all competitors.

What other stocks do shareholders of Commscope own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Commscope investors own include Endologix (ELGX), Chipotle Mexican Grill (CMG), American Airlines Group (AAL), Apache (APA), Archer Daniels Midland (ADM), Broadcom (AVGO), Athabasca Oil (ATH), Wells Fargo & Co (WFC), Primo Water (PRMW) and Charles Schwab (SCHW).

Who are Commscope's key executives?

Commscope's management team includes the following people:

Mr. Marvin S. Edwards Jr., Pres, CEO & Director (Age 70)
Mr. Frank B. Wyatt II, Sr. VP, Gen. Counsel, Chief Ethics & Compliance Officer and Sec. (Age 56)
Mr. Peter U. Karlsson, Sr. VP of Global Sales (Age 55)
Mr. Alexander W. Pease, Exec. VP & CFO (Age 47)
Mr. Morgan C. S. Kurk, EVP & COO (Age 49)

What is Commscope's stock symbol?

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

Who are Commscope's major shareholders?

Commscope's stock is owned by a number of institutional and retail investors. Top institutional investors include FPR Partners LLC (8.44%), Wellington Management Group LLP (8.43%), JPMorgan Chase & Co. (6.89%), First Trust Advisors LP (4.81%), Lyrical Asset Management LP (4.28%) and Levin Easterly Partners LLC (2.46%). Company insiders that own Commscope stock include Alexander W Pease, Bruce William Mcclelland, Claudius E Iv Watts, Frank B Wyatt II, Frank M Drendel, L William Krause, Peter U Karlsson and Robert W Granow. View institutional ownership trends for Commscope.

Which institutional investors are selling Commscope stock?

COMM stock was sold by a variety of institutional investors in the last quarter, including Franklin Resources Inc., FPR Partners LLC, New York State Common Retirement Fund, Nuveen Asset Management LLC, Russell Investments Group Ltd., Morgan Stanley, Morgan Stanley, and Levin Easterly Partners LLC. View insider buying and selling activity for Commscope.

Which institutional investors are buying Commscope stock?

COMM stock was bought by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Shelter Haven Capital Management L.P., JPMorgan Chase & Co., First Trust Advisors LP, Brigade Capital Management LP, Fuller & Thaler Asset Management Inc., Mitsubishi UFJ Trust & Banking Corp, and Connor Clark & Lunn Investment Management Ltd.. Company insiders that have bought Commscope stock in the last two years include Alexander W Pease, Bruce William Mcclelland, Claudius E Iv Watts, Frank B Wyatt II, L William Krause, and Robert W Granow. View insider buying and selling activity for Commscope.

How do I buy shares of 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, Robinhood, Fidelity, and Charles Schwab.

What is Commscope's stock price today?

One share of COMM stock can currently be purchased for approximately $10.36.

How big of a company is Commscope?

Commscope has a market capitalization of $2.03 billion and generates $8.35 billion in revenue each year. The communications equipment provider earns $-929,500,000.00 in net income (profit) each year or $1.79 on an earnings per share basis. Commscope employs 30,000 workers across the globe.

What is Commscope's official website?

The official website for Commscope is www.commscope.com.

How can I contact Commscope?

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]

This page was last updated on 6/2/2020 by MarketBeat.com Staff