CommScope - COMM Stock Forecast, Price & News

CommScope Holding Company, Inc. provides infrastructure solutions for communications and entertainment networks. It operates through four segments: Broadband Networks (Broadband), Outdoor Wireless Networks (OWN), Venue and Campus Networks (VCN), and Home Networks (Home). The Broadband segment provides converged cable access platforms, passive optical networking products, video systems, access technologies, fiber and coaxial cables, fiber and copper connectivity products, and hardened closures to the telco and cable provider broadband market. The OWN segment provides base station antennas, radio frequency filters, tower connectivity, microwave antennas, metro cell products, cabinets, steel towers, accessories, Spectrum Access System, and Comsearch products to the macro and metro cell markets. The VCN segment offers Wi-Fi and switching, distributed antenna systems, licensed and unlicensed small cells, enterprise fiber, and copper infrastructures for campuses, venues, data centers, and buildings. The Home segment provides devices and related software, and management solutions that offer residential connectivity and services to subscribers, such as digital subscriber lines, cable modems, and telephony and data gateways; and set top boxes and software that support cable, satellite, and Internet protocol television content delivery, which include digital video recorders, high definition set top boxes, and hybrid set top devices. It offers its products and services through specialized resellers and distributors, satellite video distributors, and system integrators, as well as directly to customers in the United States, Europe, the Middle East, Africa, the Asia Pacific, the Caribbean, Latin America, and Canada. The company was formerly known as Cedar I Holding Company, Inc. and changed its name to CommScope Holding Company, Inc. in January 2011. CommScope Holding Company, Inc. was founded in 1976 and is headquartered in Hickory, North Carolina.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of CommScope from $9.00 to $12.00 and gave the company a "buy" rating in a research report on Friday, August 5th. Morgan Stanley downgraded CommScope from an "overweight" rating to an "equal weight" rating and increased their price target for the stock from $9.00 to $11.00 in a research note on Friday, August 5th. JPMorgan Chase & Co. lowered their price objective on CommScope from $9.00 to $7.00 and set a "neutral" rating on the stock in a research note on Thursday, July 14th. Citigroup lifted their target price on shares of CommScope from $6.00 to $7.00 and gave the stock a "sell" rating in a research note on Friday, August 5th. Finally, Evercore ISI cut their price objective on shares of CommScope from $8.00 to $7.00 and set an "in-line" rating for the company in a report on Tuesday, June 28th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $9.67.

CommScope Trading Down 1.1 %

Shares of CommScope stock traded down $0.12 during trading on Wednesday, hitting $10.63. The stock had a trading volume of 2,650,699 shares, compared to its average volume of 4,222,527. The firm has a market cap of $2.21 billion, a price-to-earnings ratio of -4.64, a P/E/G ratio of 0.31 and a beta of 1.87. CommScope has a 12 month low of $5.56 and a 12 month high of $16.19. The business's 50-day moving average is $7.69 and its 200 day moving average is $7.79.

CommScope (NASDAQ:COMM - Get Rating) last released its quarterly earnings results on Thursday, August 4th. The communications equipment provider reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.09. CommScope had a negative return on equity of 105.05% and a negative net margin of 4.65%. The firm had revenue of $2.30 billion for the quarter, compared to analysts' expectations of $2.26 billion. During the same quarter last year, the firm posted $0.38 EPS. The company's revenue was up 5.3% compared to the same quarter last year. As a group, equities analysts expect that CommScope will post 1.48 EPS for the current year.

Insider Activity at CommScope

In related news, CEO Charles L. Treadway purchased 59,927 shares of the business's stock in a transaction on Thursday, June 2nd. The stock was acquired at an average price of $8.34 per share, with a total value of $499,791.18. Following the purchase, the chief executive officer now directly owns 1,212,302 shares in the company, valued at $10,110,598.68. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other CommScope news, Director Claudius E. Iv Watts purchased 10,000 shares of the stock in a transaction on Tuesday, August 9th. The stock was acquired at an average cost of $9.45 per share, with a total value of $94,500.00. Following the completion of the purchase, the director now directly owns 554,030 shares of the company's stock, valued at approximately $5,235,583.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Charles L. Treadway purchased 59,927 shares of CommScope stock in a transaction that occurred on Thursday, June 2nd. The shares were bought at an average price of $8.34 per share, for a total transaction of $499,791.18. Following the completion of the transaction, the chief executive officer now owns 1,212,302 shares in the company, valued at $10,110,598.68. The disclosure for this purchase can be found here. Insiders have purchased 92,814 shares of company stock valued at $789,705 over the last three months. 2.40% of the stock is owned by corporate insiders.