NASDAQ:COMM - Commscope Stock Price, Price Target & More

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

Commscope announced that its board has authorized a share buyback program on Thursday, August 3rd 2017, which allows the company to buyback $100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.

Commscope Holding Company Inc (NASDAQ:COMM) posted its quarterly earnings results on Tuesday, May, 1st. The communications equipment provider reported $0.49 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.46 by $0.03. The communications equipment provider had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.11 billion. Commscope had a return on equity of 24.08% and a net margin of 4.27%. The company's revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.52 EPS. View Commscope's Earnings History.

Commscope is scheduled to release their next quarterly earnings announcement on Wednesday, August, 1st 2018. View Earnings Estimates for Commscope.

Commscope updated its FY18 earnings guidance on Tuesday, June, 12th. The company provided earnings per share (EPS) guidance of $2.33-2.48 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.39. The company issued revenue guidance of $4.675-4.825 billion, compared to the consensus revenue estimate of $4.76 billion.Commscope also updated its Q2 guidance to $0.63-0.68 EPS.

10 Wall Street analysts have issued 1 year price objectives for Commscope's shares. Their forecasts range from $31.00 to $48.00. On average, they anticipate Commscope's share price to reach $37.75 in the next twelve months. View Analyst Ratings for Commscope.

Commscope saw a increase in short interest during the month of May. As of May 15th, there was short interest totalling 7,228,558 shares, an increase of 33.4% from the April 30th total of 5,418,935 shares. Based on an average trading volume of 3,523,466 shares, the days-to-cover ratio is currently 2.1 days. Approximately 3.8% of the shares of the stock are sold short.

Some companies that are related to Commscope include Motorola Solutions (MSI), L3 Technologies (LLL), Ubiquiti Networks (UBNT), ARRIS International (ARRS), Echostar (SATS), ViaSat (VSAT), Maxar Technologies (MAXR), Casa Systems (CASA), Mitel Networks (MITL), Loral Space & Communications Ltd. (LORL), CalAmp (CAMP), Comtech Telecomm. (CMTL), Sierra Wireless (SWIR), Gilat Satellite Networks (GILT) and Energous (WATT).

Media headlines about COMM stock have been trending somewhat positive recently, Accern reports. The research group ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Commscope earned a news sentiment score of 0.09 on Accern's scale. They also gave news headlines about the communications equipment provider an impact score of 46.07 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near future.

Commscope's stock is owned by a number of of institutional and retail investors. Top institutional investors include JPMorgan Chase & Co. (5.95%), BlackRock Inc. (4.90%), Franklin Resources Inc. (4.42%), Blue Harbour Group L.P. (4.03%), Rivulet Capital LLC (1.99%) and Criterion Capital Management LLC (0.91%). Company insiders that own Commscope stock include Alexander W Pease, Claudius E Iv Watts, Frank B Wyatt II, Frank M Drendel, Group LP Carlyle, 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 BlackRock Inc., Diamond Hill Capital Management Inc., Myriad Asset Management Ltd., Sei Investments Co., Boston Partners, Stifel Financial Corp, Russell Investments Group Ltd. and Swiss National Bank. 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 bought by a variety of institutional investors in the last quarter, including Franklin Resources Inc., Blue Harbour Group L.P., American Century Companies Inc., Criterion Capital Management LLC, Korea Investment CORP, Baird Financial Group Inc., New York State Common Retirement Fund and AO Asset Management LP. 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 $29.99.

Commscope has a market capitalization of $5.85 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.

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]