Commscope Stock Forecast, Price & News

Commscope's stock was trading at $7.63 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, COMM stock has increased by 13.6% and is now trading at $8.67.
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15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Commscope in the last year. There are currently 8 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Commscope is scheduled to release its next quarterly earnings announcement on Thursday, November 5th 2020.
View our earnings forecast for Commscope.

Commscope Holding Company Inc (NASDAQ:COMM) posted its quarterly earnings results on Thursday, August, 6th. The communications equipment provider reported $0.32 EPS for the quarter, beating the Zacks' consensus estimate of $0.10 by $0.22. The communications equipment provider had revenue of $2.10 billion for the quarter, compared to analysts' expectations of $2.06 billion. Commscope had a negative net margin of 12.19% and a positive return on equity of 33.85%. The business's quarterly revenue was down 18.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.66 EPS.
View Commscope's earnings history.

15 Wall Street analysts have issued 1-year price targets for Commscope's stock. Their forecasts range from $10.00 to $18.00. On average, they expect Commscope's stock price to reach $13.35 in the next year. This suggests a possible upside of 53.9% from the stock's current price.
View analysts' price targets for Commscope.

Commscope saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 9,640,000 shares, an increase of 13.3% from the August 31st total of 8,510,000 shares. Based on an average trading volume of 4,270,000 shares, the days-to-cover ratio is presently 2.3 days. Currently, 5.0% of the company's shares are sold short.
View Commscope's Short Interest.

Some companies that are related to Commscope include Echostar (SATS), ViaSat (VSAT), Maxar Technologies (MAXR), Harmonic (HLIT), Cambium Networks (CMBM), Loral Space & Communications Ltd. (LORL), Sierra Wireless (SWIR), Comtech Telecomm. (CMTL), Casa Systems (CASA), Gilat Satellite Networks (GILT), CalAmp (CAMP), Ceragon Networks (CRNT), KVH Industries (KVHI), Vuzix (VUZI) and Airgain (AIRG).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Commscope investors own include Endologix (ELGX), Chipotle Mexican Grill (CMG), Apache (APA), Broadcom (AVGO), American Airlines Group (AAL), Archer Daniels Midland (ADM), AT&T (T), Wells Fargo & Company (WFC), Athabasca Oil (ATH) and Occidental Petroleum (OXY).

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

Commscope's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.25%), FMR LLC (6.52%), Lyrical Asset Management LP (4.36%), First Trust Advisors LP (3.72%), Shelter Haven Capital Management L.P. (2.88%) and Nuveen Asset Management LLC (1.48%). 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.

COMM stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, First Trust Advisors LP, Russell Investments Group Ltd., Goldman Sachs Group Inc., Vanguard Group Inc., SG Americas Securities LLC, First Republic Investment Management Inc., and New York State Common Retirement Fund.
View insider buying and selling activity for Commscope.

COMM stock was acquired by a variety of institutional investors in the last quarter, including Jacobs Levy Equity Management Inc., Shelter Haven Capital Management L.P., Balyasny Asset Management LLC, Nuveen Asset Management LLC, Hound Partners LLC, Cubist Systematic Strategies LLC, MUFG Securities EMEA plc, and Monashee Investment Management LLC. 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.

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.

One share of COMM stock can currently be purchased for approximately $8.67.

Commscope has a market capitalization of $1.71 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.

The official website for Commscope is 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]