NASDAQ:COMM - Commscope Stock Price, News, & Analysis

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

Commscope declared that its Board of Directors has approved a stock repurchase program on Thursday, August 3rd 2017, which permits the company to repurchase $100,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company's management believes its shares are undervalued.

Commscope Holding Company Inc (NASDAQ:COMM) posted its quarterly earnings results on Thursday, November, 8th. The communications equipment provider reported $0.59 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.66 by $0.07. The communications equipment provider had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.22 billion. Commscope had a net margin of 4.69% and a return on equity of 23.68%. The business's quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the business posted $0.55 EPS. View Commscope's Earnings History.

Commscope is scheduled to release their next quarterly earnings announcement on Thursday, February 21st 2019. View Earnings Estimates for Commscope.

Commscope issued an update on its fourth quarter earnings guidance on Thursday, November, 8th. The company provided earnings per share guidance of $0.34-0.39 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.59. The company issued revenue guidance of $1.015-1.065 billion, compared to the consensus revenue estimate of $1.17 billion.Commscope also updated its FY 2018 guidance to $2.09-2.14 EPS.

14 brokerages have issued 12 month price objectives for Commscope's stock. Their predictions range from $18.20 to $43.00. On average, they expect Commscope's share price to reach $30.8364 in the next twelve months. This suggests a possible upside of 84.5% from the stock's current price. View Analyst Price Targets for Commscope.

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Commscope in the last year. There are currently 8 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Commscope.

Headlines about COMM stock have been trending somewhat positive recently, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources in real-time. 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 media sentiment score of 2.0 on InfoTrie's scale. They also gave news articles about the communications equipment provider a news buzz of 8.0 out of 10, indicating that recent news coverage is very likely to have an effect on the company's share price in the next few days.

Commscope saw a decrease in short interest during the month of November. As of November 15th, there was short interest totalling 5,244,626 shares, a decrease of 34.3% from the October 31st total of 7,982,544 shares. Based on an average daily volume of 6,171,728 shares, the days-to-cover ratio is currently 0.8 days. Approximately 2.8% of the company's shares are sold short. View Commscope's Current Options Chain.

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

Commscope's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.93%), Vanguard Group Inc (8.93%), Franklin Resources Inc. (8.33%), JPMorgan Chase & Co. (5.54%), BlackRock Inc. (5.51%) and Capital Research Global Investors (5.11%). Company insiders that own Commscope stock include Alexander W Pease, Claudius E Iv Watts, Frank B Wyatt II, Frank M Drendel, 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 Capital Research Global Investors, Mitsubishi UFJ Trust & Banking Corp, Teachers Advisors LLC, Lombard Odier Asset Management USA Corp, FMR LLC, Crestline Management LP, First Republic Investment Management Inc. and Seven Eight Capital LP. 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 purchased by a variety of institutional investors in the last quarter, including Capital International Investors, Franklin Resources Inc., Sound Shore Management Inc. CT, Prudential Financial Inc., Morgan Stanley, Lyrical Asset Management LP, Tobam and Renaissance Technologies LLC. 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 $16.71.

Commscope has a market capitalization of $3.23 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.

The official website for Commscope is http://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]