CommScope - COMM Stock Forecast, Price & News

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CommScope in the last twelve months. There are currently 3 sell ratings, 5 hold ratings and 3 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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11 Wall Street analysts have issued 1 year price objectives for CommScope's stock. Their COMM share price forecasts range from $7.00 to $17.00. On average, they predict the company's share price to reach $10.44 in the next twelve months. This suggests a possible upside of 21.7% from the stock's current price.
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CommScope's stock was trading at $11.04 at the beginning of the year. Since then, COMM stock has decreased by 22.3% and is now trading at $8.58.
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CommScope saw a decrease in short interest in the month of November. As of November 15th, there was short interest totaling 8,790,000 shares, a decrease of 13.0% from the October 31st total of 10,100,000 shares. Based on an average trading volume of 3,210,000 shares, the short-interest ratio is presently 2.7 days. Approximately 4.4% of the company's stock are short sold.
View CommScope's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 16th 2023.
View our COMM earnings forecast.

CommScope Holding Company, Inc. (NASDAQ:COMM) announced its earnings results on Thursday, November, 4th. The communications equipment provider reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.34 by $0.05. The communications equipment provider earned $2.11 billion during the quarter, compared to analysts' expectations of $2.21 billion. CommScope had a negative net margin of 2.90% and a negative trailing twelve-month return on equity of 87.03%. The company's quarterly revenue was down 2.9% on a year-over-year basis. During the same period last year, the firm earned $0.37 earnings per share.

Based on aggregate information from My MarketBeat watchlists, some companies that other CommScope investors own include Endologix (ELGX), APA (APA), 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 many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (13.41%), FPR Partners LLC (9.98%), BlackRock Inc. (6.93%), State Street Corp (2.14%), First Trust Advisors LP (1.51%) and Jacobs Levy Equity Management Inc. (1.46%). Insiders that own company stock include Charles L Treadway, Claudius E Iv Watts, Claudius E Iv Watts, Derrick A Roman, Farid Firouzbakht, Frank B Wyatt II, 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 $8.58.

CommScope (NASDAQ:COMM) has a market capitalization of $1.79 billion and generates $8.59 billion in revenue each year. The communications equipment provider earns $-462,600,000.00 in net income (profit) each year or ($1.57) 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.