CommScope Holding Company Company Profile (NASDAQ:COMM)

CommScope Holding Company trades on the NASDAQ under the ticker symbol "COMM."

CommScope Holding Company declared that its Board of Directors has authorized a stock repurchase program on Thursday, August 3rd 2017, which authorizes the company to buyback $100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

CommScope Holding Company, Inc. (NASDAQ:COMM) posted its earnings results on Thursday, August, 3rd. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.65 by $0.05. The firm had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.23 billion. CommScope Holding Company had a return on equity of 33.38% and a net margin of 4.96%. The firm's revenue was down 10.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.74 EPS. View CommScope Holding Company's Earnings History.

CommScope Holding Company is scheduled to release their next quarterly earnings announcement on Wednesday, November, 1st 2017. View Earnings Estimates for CommScope Holding Company.

CommScope Holding Company issued an update on its FY17 earnings guidance on Thursday, August, 3rd. The company provided earnings per share guidance of $2.15-2.30 for the period, compared to the Thomson Reuters consensus estimate of $2.72. The company issued revenue guidance of $4.5-4.6 billion, compared to the consensus revenue estimate of $4.88 billion.CommScope Holding Company also updated its Q3 guidance to $0.50-0.55 EPS.

13 analysts have issued twelve-month price targets for CommScope Holding Company's shares. Their forecasts range from $28.00 to $50.00. On average, they expect CommScope Holding Company's stock price to reach $41.20 in the next year. View Analyst Ratings for CommScope Holding Company.

Here are some recent quotes from research analysts about CommScope Holding Company stock:

• 1. According to Zacks Investment Research, "CommScope Holding Inc. is a premier network infrastructure provider. The Company, through its subsidiaries, provides end-to-end solutions connecting technology and wireless and wired networks. It operates in three segments: Wireless, Enterprise, and Broadband. CommScope Holding Company, Inc. is headquartered in Hickory, North Carolina. " (8/3/2017)
• 2. Jefferies Group LLC analysts commented, "CommScope's Q4 results and Q1 & 2017 guidance looked good as the North American Fiber Connectivity and Mobility businesses powered the quarterly results. Looking into 2017, we still think the set-up for the business (and the stock) remains attractive. Maintain our Buy Rating' Our still-bullish view of the stock is based on: 1) valuation ' the shares now trade at 8.9x our projected EV/2018 EBITDA; 2) Mobility upside to consensus expectations for 2017; 3) the potential for some remaining synergy upside; 4) further growth in Fiber Connectivity sales; and 5) further market consolidation." (2/24/2017)

CommScope Holding Company saw a increase in short interest in August. As of August 15th, there was short interest totalling 7,495,507 shares, an increase of 46.8% from the July 31st total of 5,107,403 shares. Based on an average daily trading volume, of 3,559,017 shares, the short-interest ratio is presently 2.1 days. Approximately 3.9% of the shares of the stock are short sold.

Some companies that are related to CommScope Holding Company include Alcatel Lucent SA (ALU), EchoStar Corporation (SATS), ARRIS International PLC (ARRS), Brocade Communications Systems (BRCD), ViaSat (VSAT), Lumentum Holdings (LITE), Belden (BDC), Ciena Corporation (CIEN), InterDigital (IDCC), Finisar Corporation (FNSR), Viavi Solutions (VIAV), West Corporation (WSTC), Acacia Communications (ACIA), Oclaro (OCLR), Plantronics (PLT), Applied Optoelectronics (AAOI), Infinera Corporation (INFN) and ADTRAN (ADTN).

CommScope Holding Company's management team includes the folowing people:

• Frank M. Drendel, Chairman of the Board
• Marvin S. Edwards Jr., President, Chief Executive Officer, Director
• Mark A. Olson, Chief Financial Officer, Executive Vice President
• Randall W. Crenshaw, Chief Operating Officer, Executive Vice President
• Philip M. Armstrong Jr., Senior Vice President - Corporate Finance
• Robert W. Granow, Senior Vice President, Principal Accounting Officer and Corporate Controller
• Frank B. Wyatt II, Senior Vice President, General Counsel, Secretary
• Peter U. Karlsson, Senior Vice President - Global Sales
• Robyn T. Mingle, Senior Vice President of Human Resources
• Austin A. Adams, Independent Director

CommScope Holding Company's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.21%), BlackRock Inc. (7.92%), Capital Research Global Investors (7.51%), FMR LLC (5.85%), JPMorgan Chase & Co. (4.31%) and Route One Investment Company L.P. (3.68%). Company insiders that own CommScope Holding Company stock include Claudius E Iv Watts, Frank B Wyatt II, Frank M Drendel, Group LP Carlyle, Joanne Townsend, Mark A Olson, Marvin S Edwards Jr, Marvin S Edwards, Jr, Peter U Karlsson, Philip Martin Armstrong Jr, Randall W Crenshaw, Robert W Granow and Timothy T Yates. View Institutional Ownership Trends for CommScope Holding Company.

CommScope Holding Company's stock was sold by a variety of institutional investors in the last quarter, including Maverick Capital Ltd., Boston Partners, Columbus Circle Investors, Prudential Financial Inc., Balyasny Asset Management LLC, William Blair Investment Management LLC, Cannell Peter B & Co. Inc. and AO Asset Management LLC. Company insiders that have sold CommScope Holding Company stock in the last year include Frank B Wyatt II, Frank M Drendel, Group LP Carlyle, Mark A Olson, Marvin S Edwards, Jr, Peter U Karlsson, Randall W Crenshaw and Robert W Granow. View Insider Buying and Selling for CommScope Holding Company.

CommScope Holding Company's stock was bought by a variety of institutional investors in the last quarter, including Capital Research Global Investors, Janus Henderson Group PLC, JPMorgan Chase & Co., BlackRock Inc., Harris Associates L P, State Street Corp, Franklin Resources Inc. and Russell Investments Group Ltd.. Company insiders that have bought CommScope Holding Company stock in the last two years include Claudius E Iv Watts and Timothy T Yates. View Insider Buying and Selling for CommScope Holding Company.

Shares of CommScope Holding Company can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of CommScope Holding Company stock can currently be purchased for approximately $33.17.